ISLAMABAD: Hexing Electrical Group, a prominent Chinese business conglomerate, has announced its plans to establish a manufacturing facility in Pakistan’s renewable energy sector. The plant will focus on producing inverters and batteries, marking a significant milestone as the first of its kind in the country.
Chairman Liangzhang Zhou, leading a delegation, discussed the proposed investment with Minister for Privatisation Abdul Aleem Khan during a meeting on Saturday. Mr. Zhou emphasized that Hexing operates in 90 countries with a workforce exceeding 7,000 employees and has already set up factories in 20 nations. The group aims to replicate this success in Pakistan by creating a local office and manufacturing base.
Welcoming the investment, Minister Khan highlighted the vast opportunities available in Pakistan’s business environment, particularly for foreign investors. He assured the delegation of exceptional investment facilities, noting that the establishment of new factories would generate employment and boost exports. Transferring industries from China to Pakistan, he added, would be a significant step towards strengthening economic ties and enhancing industrial growth.
