Chinese investors ready to build Industrial Park in Gwadar

Discussion in 'Pakistan' started by Neo, Jul 19, 2014.

  1. Neo

    Neo Senior Member Senior Member

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    QUETTA: Reposing their confidence on the improved security situation in port city of Gwadar, the leading group of Chinese Investors have shown their interest to joint work as Industrial Park, free zone operators and investors in Gwadar.

    They expressed their readiness in establishment of fish processing units, assembly plants, marble processing, cement and steel making industries as well as, coal based, wind and solar plants for Gwadar Port, Gwadar Industrial / Free Zone the city itself.


    Chairman Gwadar Port Authority (GPA), Jhanzeb Jamaldini said while talking to APP that future of Pakistan is rich as keen interest of the foreign entrepreneurs were creating investment environment in Balochistan.

    He noted that a delegation led by Liu Jin M, General Manager of Investment Banking Department, ICBC Head Office comprising 15 officials from Industrial and Commercial Bank of China (ICBC), Holly Group and Habib Bank Limited Pakistan lately visited Gwadar.

    The visit was in line with a series of policy initiatives under China

    Pakistan economic corridor (CPEC) and bilateral and multilateral understandings between different Chinese and Pakistani public-sector, as well as private sector companies and organizations.

    The objectives of the ICBC-HBL-Holly group delegation visit to Gwadar mainly aimed at have an on-site investigation for top priority Industrial Park at Gwadar.

    “It would bring US$ 10 billion, Foreign Direct Investment (FDI), annually in Balochistan, once the first phase of 9.2 skm Gwadar Free Zone in made functional, chairman GPA said while, referring the estimates of the investors.


    The confidence of the chinese investors in evident that the economy of Pakistan is vibrant and effective as they are keen to jointly work as industrial park / Free zone operators, developers and investors.

    Terming Gwadar future of the country, Jamaldini noted that Chine Pakistan Economic Corridor would benefit Naseerabad, Mekran and Kalat region in Balochistan while North, West Sindh, South Punjab , Khaiber Pakhutunkhwa and Gildit Baltistan would also get huge benefits from the CPEC.

    It may be mentioned that other such two proposed industrial parks are at Lahore and Faisalabad. Additionally, the team met the local businessmen of Gwadar Chamber of Commerce and industry and some investors, who had come from Karachi, Lahore and other parts of Pakistan.

    The delegation visited Gwadar International terminal, Gwadar Port Free Zone, GPA Civic Center, Gwadar Development Authority office and were briefed on Gwadar City offerings to investors.
    The delegation also visited Gwadar Industrial Estate Authority industrial park and had series of meetings with Chairman GPA, GDA officials, Commissioner Mekran, GIEDA officials.

    http://www.dailytimes.com.pk/busines...park-in-gwadar
     
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  3. thethinker

    thethinker Senior Member Senior Member

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    Good for Pakistan. Hopefully this would benefit the locals directly rather than only the Paki elites.
     
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  4. Neo

    Neo Senior Member Senior Member

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    The jobs will go to the locals, atleast the lionshare of it.
     
  5. Blackwater

    Blackwater Veteran Member Veteran Member

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    Time will tel and time so far told another story in Pakistan
     
  6. Hari Sud

    Hari Sud Senior Member Senior Member

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    Gawadar is a port to nowhere and that industrial park will produce products for nobody.
     
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  7. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    Gwadar has been offered to china for a long time but Chinese have been hesitant .
    Many times it has been abandoned. This has been ongoing for more than a decade.
    If Chinese seriously get involved it may have USA put more focus on Baluchistan.
    This could backfire for Pakistan in a bad way. I always wondered why China does not develop
    Karachi further?
     
  8. Neo

    Neo Senior Member Senior Member

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    Sir, China only took control of Gwadar Port Authority from Singapore last year and proposed a $32 billion energy corridor linking Gwadar to Xinjiang province. A project of such magnitude takes years of intensive planning. PN and Pak Railways have already cleared 5.000 acres of land for the chinese, something they refused to do for Singapore. The original route has been redesigned and runs through Islamabad via lAhore and Karachi to Gwadar bypassing Khyber Pakhtoonkhwa and Northern/Central Balochistan. KKH expansion is almost completed allowing heavier transport than before to pass through.

    Gwadar Port Trust was once given to Singapore in 2007 under US pressure but the war in Afghanistan is nearing an end as the gap between Islamabad and Washington is further widening. She can't do much to delay Gwadar.

    Karachi is too congested with its two international sea ports at Keamari and Qasim and the plans to develop Gwadar are not new, it has been in the pipeline for more than four decades already. Next to Gwadar, there are plans to expand or build new ports at Sonmiani, Gaddani, Pasni, Ormara and Jivani as well
     
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  9. zara1200

    zara1200 Regular Member

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    It is good news for Pakistan that China is ready to invest here in many projects.
     
  10. Compersion

    Compersion Senior Member Senior Member

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    what about what the Iran republic says to PRC.

    Are the interests of Pakistan > Iran and also Pakistan trade interests Pakistan > India + Iran. What about Afghanistan.

    The above seems to be a military development of PRC into Pakistan not economic (like they do in North Korea). PRC will look at their own interests first and primary and not Pakistan. The PRC designers and interlocutors are too pragmatic to put everything into Pakistan like it is being pronounced and declared.
     
  11. Neo

    Neo Senior Member Senior Member

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    China asks Pakistan to submit details of all development projects


    ISLAMABAD: Secretary of the Ministry of Planning, Development and Reforms, Hassan Nawaz Tarar on Monday said that China has asked the Government of Pakistan to submit details of all the development projects under the China-Pakistan Economic Corridor Support Project.

    This was told by the secretary in a meeting of the National Assembly Standing Committee on Planning, Development and Reform which met under the Chairmanship of MNA Abdul Majeed Khan Khanan Khail.

    The session was attended by its members and officials of the ministry.

    The secretary told committee members that the National Development and Reforms Commission of China (NDRC) has decided to start work on the development projects as soon as possible.

    He said that the purpose of the MoU between China and Pakistan, regarding the China-Pakistan economic corridor, was to increase trade links between the two countries through a network of rail, fiber, optic cables and energy pipelines.

    “Pakistan is interested in enhancing foreign investment in the country.

    "The government also wants to overcome the current energy crisis, while the Chinese government requires access to Gwadar port,” said the secretary.

    Tarar also said that the federal government will not borrow loans from China on behalf of the provinces.

    "It will be the responsibility of the provinces to get loans from China for their development projects," he said.

    “The government will not take a loan from China for the power projects,” the secretary said.

    Tarar also informed the committee that the ministry also forwarded a summary regarding the census to the CCI for approval.

    He said that it has been pending for the past year due to the concerns of Balochistan Chief Minister Abdul Malik Baloch.

    China asks Pakistan to submit details of all development projects - Pakistan - DAWN.COM
     
  12. bennedose

    bennedose Senior Member Senior Member

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    Wow that is some high tech stuff! A first for Pakistan I guess! Someone wake me up when the Renminbi start pouring in and the jihad fistula army provides the Chinese with the protection they promised.
     
  13. BridgeSeller

    BridgeSeller Regular Member

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    With that sort of high-tech industry in the offing, just the spillover effect into other industries/services justifies the immense fixed cost of this project to the always looking to invest, tallel, failel Chinese. Why, I say the Chinese brothers must not stop there, they must also establish a high-tech international airport at Gwadar, after all, p'astaan's economy is more vibrant than any other economy and the perfect place to start startups. Why stop at throwing good renminbi after great renminbi, when you can throw great renminbi after great renminbi!


    China must realize that if not them, some one else may seize this great once-in-a-lifetime-opportunity. It is only because of the big-heart of Pakistanis that they have offered it to their chinese brothers first, I should know, I am a salesman of the finest China and Pa'astan myself, and I know a good deal when I see one.
     
  14. Neo

    Neo Senior Member Senior Member

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  15. Blackwater

    Blackwater Veteran Member Veteran Member

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    Can u elaborate more why it is good news for pak??
     

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