Chinese delegation meets Mian Aslam, expressed interest to invest $70 million in Bhalwal

LAHORE, November 25 (Gwadar Pro) – A two-member delegation of Oreal Ceramics of China comprising Executive Director Liu Fenchao and Director Wu Jianbin called on Minister for Industries Mian Aslam Iqbal at his office on Tuesday afternoon.

During the meeting, Liu Fenchao said that his company is investing USD 70 million in Bhalwal but facing different issues including electricity and gas connection for setting up an industrial unit, said an official statement.

The minister directed the officials concerned to immediately solve all the problems relating to the establishment of an industrial unit by the Chinese company and made it clear that no hindrance will be tolerated in the process of investment.

The line departments should provide every facility to local and international investors because the promotion of employment opportunity is the priority of the government and this objective can be achieved through industrialization, he added.

He said it was the responsibility of the government to provide required facilities to the investors and complete protection is guaranteed to the investment of foreign investors.

The federal government will also be approached for the supply of gas and electricity, he said.