Chinese Investors Sign MoUs with Sindh Government for Electric Car Assembly, Solar Panel Manufacturing, and Other Projects

Karachi:The Sindh government has signed multiple Memorandums of Understanding (MoUs) with Chinese investors in a range of sectors, including electric car local assembly, solar panel manufacturing, fertilizers, and farming. The agreements were signed in a bid to enhance economic cooperation and industrial development in the province.

**Key Highlights:**

1. **Dhabiji Economic Zone Investment:**
Sindh Information Minister, Sharjeel Memon, announced that Chinese investors have shown a keen interest in investing in the Dhabiji Economic Zone. This zone, strategically located, is the only one connected to the China-Pakistan Economic Corridor (CPEC), making it a crucial area for foreign investment.

2. **Medical City Project:**
Memon also revealed that Chinese investors are establishing a Medical City in Sindh, which is expected to create 50,000 new jobs. The project will benefit from a one-window operation system, ensuring investors receive all necessary support and facilities for smooth operations.

3. **Tax Exemptions and Investor Incentives:**
Sharjeel Memon highlighted that industries set up in the Dhabiji Economic Zone would enjoy a 10-year tax exemption, providing significant relief to businesses operating there. This initiative is designed to attract more investors to the zone.

4. **Public-Private Partnership Success:**
The minister also praised the public-private partnership (PPP) model, under which Sindh has achieved remarkable success in various projects. Memon pointed out that Sindh is leading in the global rankings for PPP, with several major projects being executed under this model.

5. **Fertilizer Industry:**
Provincial Minister for Local Government, Nasir Hussain Shah, shared that a Chinese company has been allocated 200 acres of land for setting up a fertilizer plant. He emphasized the importance of fertilizer production for the province and explained that the plant would also include coal gasification facilities.

6. **Solar Parks for Renewable Energy:**
Nasir Shah further announced plans to establish solar parks in Sindh, aimed at addressing the energy needs of the region. These parks will contribute significantly to the province’s energy sector, with the government determining the price of electricity generated from solar power. Shah mentioned that the price for solar-generated electricity would be set at 18 rupees per unit, with the Sindh Energy Regulatory Authority (SEPA) and Sindh Transmission and Distribution Company (STD) overseeing the pricing.

### Economic Boost and Job Creation

The investment initiatives, especially in sectors like renewable energy and industrial manufacturing, are expected to give a substantial boost to Sindh’s economy, creating thousands of jobs and helping reduce the energy deficit in the region. With Chinese investors bringing capital, expertise, and technology to Sindh, the province aims to position itself as a key hub for industrial growth under the framework of the China-Pakistan Economic Corridor (CPEC).

These developments come as part of broader efforts to enhance economic cooperation between China and Pakistan, with a special focus on sustainable growth and technological innovation.