The Chinese delegation led by vice-president of Sinovac Global Mr Gao Qiang called on Chief Minister Chaudhry Pervaiz Elahi at his office and expressed willingness to invest $200 million (about Rs45 billion) in Punjab.
The Chinese company will set up a factory to manufacture plasma medicine products in Punjab which will cost about Rs45 billion.
It will also export items worth 500 million dollars.The chief minister said that the Sinovac company would be provided land on a priority basis in CPEC Industrial Estate Faisalabad.
He said that he laid the foundation stone of this industrial estate in his previous period which contained all the necessary facilities. All the required facilities will be provided to the company in Punjab, he said and added that this project would not only benefit Punjab but the whole of Pakistan, and it will be carried forward on a fast-track basis to ensure early completion.
This project will create new employment opportunities and will 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 is a milestone, he said and welcomed the company’s willingness to invest billions of rupees in Punjab.
We thank Sinovac company for supplying vaccines to Pakistan during the corona pandemic. Planning a factory to manufacture plasma medicine products in Punjab is a big step, he added.
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