Chinese company ready to invest in KP

PESHAWAR: A Chinese company has expressed willingness to invest in the industrial and mineral sectors of Khyber Pakhtunkhwa.

The interest was shown as a delegation of a Chinese private sector investment company called on Chief Minister Ali Amin Khan Gandapur here at Chief Minister's House Peshawar on Sunday, said a handout.

Special Assistant to the Chief Minister for Industries Abdul Karim and officials of the Board of Investment and Trade were present.

The matters related to the investment in the different sectors of the province came under discussion.

The delegation members said the company was interested in the investment and would submit viable proposals within a week.

The chief minister directed the relevant officials to examine the proposals to be submitted by the company and develop an action plan for progress.

Highlighting the opportunities in the different potential sectors of the province, Gandapur offered investment in agriculture, livestock, solar energy and other sectors.

He added that the KP government would not only encourage foreign investment but also provide all possible facilities to the investors.

The chief minister said the provincial government planned to utilize China's advanced technology for the sustainable development of the agriculture sector and looked forward to cooperation in this regard.

He maintained that the provincial government was also working on solarization projects, under which government offices, educational institutions and deserving households would be supplied with solar energy.

“This province has abundant mineral deposits used in manufacturing solar panels and batteries. That's why this government wants to establish a solar panels manufacturing industry in the province”, he said and added that the provincial government would encourage Chinese investment in this sector as well.