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Monday, January 30, 2023
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China to help Punjab in rapid industrialization

Punjab and China have resolved to enhance collaboration for rapid industrialization in the province, especially for encouraging B2B level engagement of Chinese investors and businesses with their local counterparts from Punjab.

The People’s Republic of China’s Lahore Consul General, Zhao Shiren during his visit to Punjab Board of Investment and Trade held discussions on different areas for increasing the mutual cooperation between the two sides. The Consul General appreciated the efforts of the former and current Secretary Industries for promoting the relocation of labour intensive industries from China to Punjab by leveraging a strong network of Special Economic Zones across the Province both in the public and private sectors.

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CEO PBIT Jalal Hassan apprised the participants about effective facilitation by PBIT for promoting private sector led growth model which entails the recent grant of three new SEZs licenses to private sector developers in Punjab, two of which are a result of direct investment and cooperation by Chinese business enterprises. The Secretary Industries emphasized that Punjab must develop its capacity to train a strong pool of skilled labor force as per modern industrial demands for local as well as international markets.

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