China Firms Interested in Setting Up Auto Manufacturing Plants – Research Snipers

China Firms Interested in Setting Up Auto Manufacturing Plants

A Chinese delegate comprising of professionals in automobiles manufacturing and assembling including the heavy-duty vehicles, engines and auto parts visited Islamabad Chamber of Commerce and Industry (ICCI) on Saturday and displayed interest for setting up auto manufacturing plants in Pakistan.

The delegation comprises of individuals representing approximately five hundred auto firms of China including the Jinan Bonaite Trading Co. Ltd. Sinotruk, Jinan Zhongzhan International Trade Co. Ltd., Shanghai Cheezmail E-commerce Co Ltd., Hebei Xinjiu Heavy Duty Machinery Makers Co. Ltd., and others.

The Chinese delegation said that they are willing to explore Pakistan’s automobile market as it is a potentially growing market. They mentioned that initially they would be finding the local suppliers of automobiles and auto parts in Pakistan and on acquiring success would then install and set up auto manufacturing plants and warehouses via joint ventures and investments in Pakistan.

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The members of the Chinese delegation also said that they want to share their technical expertise with the manpower of Pakistan in this sector. They also agreed on conducting a seminar at ICCI for creating business awareness among the local business community relating their products and possible business collaborations.

Sheikh Amir Wahid—President-ICCI told the Chinese delegates on the occasion that heavy-duty trucks and vehicles have extensive scope in Pakistan as ninety percent of the goods are transported by land. He further mentioned that many industrial zones would be set up under CPEC owing to which the demand for loading vehicles and heavy-duty trucks would see a new rise. He added that this is the best time for the Chinese automobile sector investors for installing auto parts manufacturing plants in Pakistan via mutual ventures.

He added that Pakistan has a growing community of middle-class people and Chinese investors could focus on meeting their requirements by making cars under 1000 cc. He emphasized on the need of making strong business bonds among the auto sector SMEs of Pakistan and China as they have extensive chances of growth in Pakistan.

Nisar Mirza and Muhammad Naveed—Vice President and Sr. Vice President ICCI respectively, also spoke at the occasion and gave assurance that they would facilitate the Chinese businessman in connecting with the right partners in Pakistan.

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