With a view to enhance business-to-business cooperation between Pakistan and China in the agricultural sector, a Chinese entrepreneur will make an initial investment of $50 million in Gwadar for the setting up of an end-to-end supply chain facility for the export of sea food to China.
A high-tech processing facility with technology transfer will be set up in the industrial zone in Gwadar for the export of fish from Pakistan to China. The facility will be a large scale production unit, infrastructure with upgradation for high quality processing, associated modern technologies, and robust cold chain logistics. The will enable the two companies to export in the large volumes and empower to command a premium price.
The project will also include a Chinese customs clearance facility through which all exports to China will get customs clearance while on Pakistani soil in Gwadar. Both companies will work with high quality wholesaler and using their own cold chain transport for export to China from Gwadar.
The Board of Investment facilitated the signing of a memorandum of understanding between Optima Integration Group of China and Asia-Pak Investments of Pakistan in Islamabad on Monday. The Chinese General Administration of Customs has already approved 79 species of fish for export from Pakistan to China.
According to the terms of agreement, the first phase of the investment will create more than 100 jobs in Gwadar and Karachi in fishing, power and logistics sectors.
In the second...
Read Full Story: https://profit.pakistantoday.com.pk/2022/05/23/chinese-entrepreneur-signs-agreement-worth-50mn-for-seafood-export/
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