Japan shows interest in investment | Pakistan Today

Japan shows interest in investment

Japan has shown keen interest for investment in the recently launched textile city, near Karachi. Japanese Ambassador Hiroshi OE called on Minister for Textile Industry, Makhdoom Shahabuddin here on Wednesday. Japanese envoy said that the idea of textile city was very attractive and said he would persuade Japanese businessmen to make investments in the project. The textile city is set up as a bench-mark industrial zone providing modern infrastructure to the value added textile sector. It will help to increase the textile exports. More than 277 new units will be established on 1,250 acres of the industrial zone. The minister said that the basic idea of the project was to facilitate and boost textile industry and to get maximum foreign direct investment in the sector. He said that development work was in progress and all state of the art facilities and amenities like, roads, support industry, uninterrupted gas and water supply, hospitals, schools and effluent treatment plant, will be provided to the investors. Secretary Ministry of Textile Industry, Shahid Rashid and CEO Pakistan Textile City Limited, Zaheer Hussain were also present on the occasion. Japan’s economic assistance has played a very important role in the development of Pakistan’s economic and social infrastructure. The major projects, which have been funded by the Government of Japan, include the Indus Highway Project, a number of power projects in various provinces of Pakistan, Rural Roads Construction Project and the Children Hospital PIMS lslamabad Project. The Kohat Tunnel Project and the Ghazi Brotha Dam Project have also been possible with Japan’s assistance. The major Japanese investment to Pakistan is to automobile sector which in recent times has shrunk by 40 % since 2007-08 due to economic recession affected by rapidly increased international commodity price and the world financial crisis .Major sectors of Japanese investment in Pakistan include 73 per cent in transport equipment, 7 per cent in thermal power generation, 4 per cent trade, 3 per cent metal products and 2 per cent financial business.

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One Comment;

  1. ad said:

    it is well project for our country and also can reduce unemployment.but the problem is that how govt provide powersupply.

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