Chinese entities voice intention to establish joint ventures in agri, livestock sectors

Speaking at the occasion Chairman, Sichuan International Chamber of Commerce Halal Food Professional Committee said that Sichuan Province was in South West of China and it has a lot of importance for CPEC.

He said Sichuan with a GDP of over $458 billion was the sixth largest provincial economy of China. He said millions of Chinese Muslim were living in Sichuan which offered additional benefits to strengthen bilateral business relations with Pakistan.

He said the purpose of visiting Pakistan was to explore business collaborations with Pakistani companies in agriculture, livestock, dairy development, food fruit processing, pharmaceutical and other sectors.

Ma Zhujin said that a Sichuan Centre was set up in Sichuan Province to strengthen trade, cultural and educational relations between Western China and Europe. He showed interest to set up a Sichuan Centre in Islamabad in collaboration with ICCI to further improve such relations with Pakistan.

He stressed that ICCI should send a delegation to Sichuan Province to explore opportunities for business partnerships with Chinese counterparts.

Addressing the delegation, Sheikh Amir Waheed, President, ICCI said that Pakistan and China enjoyed lasting friendship while the CPEC has put both countries on long-term strategic partnership.

He said Pakistan and China could complement each other in many areas by enhancing interactions between their private sectors.

He said many sectors of Pakistan’s economy including agriculture, pharmaceuticals, energy, exploration of minerals and infrastructure development offered great potential for JVs and investment to Chinese investors and they should take benefit of these opportunities by bringing technology and machinery to Pakistan.

Sheikh Amir Waheed said that pharmaceutical companies of Pakistan were importing most of the raw material from China and other countries.

He stressed that Chinese companies should set up raw material producing plants for the pharma industry in Pakistan that would help in manufacturing cheap medicines in the country.