A delegation of China Railways Construction Corporation International (CRCCI) called on Advisor to PM on Commerce, Textile, Industries & Production, and Investment Razak Dawood on Wednesday.
The CRCCI is one of the largest integrated developers and contractors, which has strategic partnership with top-notch IT companies. The meeting aimed at exploring the investment opportunities in IT sector in Pakistan. The advisor appraised the Chinese delegation of investment friendly policies of Pakistan and urged the delegation to exploit the untapped potential of IT sector by bringing investment in the country. He further underscored the special incentives provided to the investors in special economic zones (SEZs).
The managing director CRCCI appreciated Pakistan's business friendly policies and informed the participants that CRCCI intends to undertake 'Islamabad IT Special Economic Zone Project' as a public private partnership with Pakistan Software Export Board (PSEB). He underlined that CRCCI is committed to invest in development of SEZ without financially burdening Pakistan's government. The project aims to develop an IT special economic zone in Islamabad with state-of-the-art infrastructure, superior connectivity and smart facilities. The delegation showed interest in investment in IT sector.
The proposed project will bring immense benefits to Pakistan by attracting top IT companies for investment in Pakistan. The project will provide safe, convenient and affordable office spaces to nurture home grown IT business and will generate thousands of new jobs for Pakistani IT talent while increasing the competitiveness of Pakistan's IT products in global market, the CRCCI representative highlighted.
The advisor appreciated the investment proposal of the CRCCI and ensured all kinds of cooperation to push the project forward. Moreover he stressed that the CRCCI should collaborate with local Pakistani IT firms and companies to transfer the technological know-how and create jobs for local IT human resource.
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