Sinovac Global keen to invest US $ 200m in Punjab

LAHORE: A Chinese delegation led by Mr Gao Qiang, Vice President of Sinovac Global, here on Monday met with Punjab Chief Minister Chaudhry Pervaiz Elahi and expressed willingness to invest 200 million dollars (about 45 billion rupees) in Punjab.

The Chinese company would set up a factory to manufacture plasma medicine products in Punjab which would cost about Rs 45 billion. It would also export items worth US $ 500 million, Mr. Gao said.

On this occasion, the CM said that Sinovac company would be provided land on a priority basis in CPEC Industrial Estate Faisalabad. “I had laid the foundation stone of this industrial estate in my previous period which contains all the necessary facilities,” he mentioned. All the required facilities would be provided to the company in Punjab, he said and added that this project would not only benefit Punjab but also whole of Pakistan, and it would be carried forward on a fast-track basis to ensure early completion. This project would create new employment opportunities and would become a new example for Pakistan-China friendship, he added.

Sinovac company’s plan to set up a factory to manufacture plasma medicine products in Punjab would be a milestone. “The company’s willingness to invest billions of rupees in Punjab is very welcome. We thank Sinovac company for supplying vaccines to Pakistan during the Corona epidemic. Planning a factory to manufacture plasma medicine products in Punjab is a big step,” he added.

Chairman Dean Holdings SM Naveed, Chairman Fazal Deen & Sons Suhail Ahmad Kabir, former president Bank of Punjab Hamesh Khan, secretary industries, secretary primary and secondary health, special secretary specialized healthcare and medical education, chief executive officer PBIT and others were present. The Chinese delegation included technical consultants Mr Sun Sicai, Mr Gu Hao, Mr Lu Feng, Ms Sun Shasha, Ms He Likun, Ms Li Zixuan and others.

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