Islamabad Chamber of Commerce and Industry on Monday urged Chinese pharma companies to establish plants of producing raw material in Pakistan that will help in manufacturing pharmaceutical products at competitive prices.
This was stated by the president ICCI Sheikh Amir Waheed in Islamabad on Monday while talking to a delegation of Shannxi Province of China.
He said that Pakistani pharmaceutical companies are importing raw material from China and India for manufacturing pharmaceutical products.
Amir informed the Chinese delegation that many industrial zones will be set up in Pakistan under China Pakistan Economic Corridor and Chinese investors should put up manufacturing plants through joint ventures in areas of their interest in these SEZs.
He said Chinese investment in Pakistan will enable them to enhance exports to South and Central Asia, Middle East, Africa and many other markets.
The delegation was representing various companies of Shaanxi province including Shaanxi Pharmaceutical Holdings Group Co., Ltd, Shaanxi Coal and Chemical Industry Group Co Ltd, Shaanxi Automobile Group Co.l Ltd and others.
The delegation members said that this was their first visit to Pakistan and stressed for frequent interaction between the private sectors of both the countries to understand each other and establish business collaborations.