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‘Chinese companies willing to invest in Pakistan and work with genuine partners’

FAISALABAD: Wang Zihai President of Chinese Companies working in Pakistan has appreciated a proposal of the Faisalabad Chamber of Commerce and Industry (FCCI) to launch joint ventures by utilizing the existing infrastructure of local industries and said that he would like to arrange match-making meetings between willing and prospective entrepreneurs from China. 
He was talking to Engr. Suhail Bin Rashid, President FCCI to discuss the follow-up of the visit of Yantai Chamber to FCCI on March 29, 2014.
He said that Chinese Companies are very comfortable in Pakistan and more companies are willing to invest in Pakistan if they are provided opportunities to work with genuine and willing partners. He said that Pak-China Chamber will arrange a Chinese Textile Machinery Exhibition in Faisalabad within next couple of months. 
It will not only help Chinese companies to market their products but also help local textile tycoons to further improve their quality of products by replacing old machinery with the state of the art technology and equipments.
He said that the Exhibition would be arranged in collaboration with FCCI in the display center of the University of Agriculture Faisalabad. He also expressed his strong desire to work with FCCI for the establishment of a ‘collaborative Research Institute’ to provide required information to Pakistanis as well as Chinese Investors by conducting sector specific market intelligence and surveys etc.
Wang also discussed establishment of Chinese Training Institute to impart training to enhance productivity of local workforce in addition to teaching them how to work with Chinese engineers and companies. This Center will also offer ‘Chinese Language Course’ for the workers attached with Chinese managers and supervisors.
Earlier Engr Suhail Bin Rashid substantiated his idea of joint ventures with Chinese companies and said that the local industrial units having infrastructure, machinery and technical know. The Chinese investors and traders willing to expand their business could pay their equity and start production without any delay. 
He also offered space in FCCI complex for a proposed Chinese Cell and said that this location will enable Chinese firms to have direct access to the 4500 members of FCCI. They could also utilize the facilities of auditorium and board room for holding conferences and meetings within the Chamber’s premises.
Regarding training of Pakistani work force President FCCI said that 14 public sector training institutions are available in Faisalabad that could immediately start required training courses of different duration to meet the requirement of skilled workforce for Chinese companies. 
These institutes could also start tailor made programs for the Chinese industries, he added
He said that we are holding a meeting just today to discuss and prepare feasibility report regarding potential industrial units who intend to join hands with Chinese investors and this information would be immediately shared with the Pak-China chamber.
Farhan Latif, Founder Member of the Pak-China Chamber said that Wang has agreed to set up collaborative research institute in National Textile University where infrastructure is already available. The Chinese firms will provide only teaching staff and other necessary gadgets to start various courses.
Salahuddin Hanif Secretary General Pak-China Chamber provided software for the translation of business documents from Chinese to English and from Chinese to English language. He also assured to provide another android based programme to translate Chinese into English and vice versa.
The meeting was attended by Ch Muhammad Asghar, VP FCCI, Rehan Nasim Bharara former VP FCCI, Jaleel Ahmad Malik, Rana Ikram Ullah and others who also shared their views on this occasion.

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