OUR STAFF REPORTER LAHORE - NetSol Technologies has signed agreement with Minsheng Financial Leasing Co, a provider of aircraft leases in Asia, to implement the NetSol Financial Suite solution. The agreement, which includes product licenses, business process consultancy and on-site implementation services, expands and reinforce a strategic partnership between NetSol and Minsheng that began in 2009. Two parties have now signed a multi-million dollars agreement for MinSheng financial leasing core leasing system. NetSol said enhancing its relationship with Minsheng is significant because it serves as a benchmark for the burgeoning leasing industry in China. TheFinancial Times reported earlier this year that there are at least 150 leasing companies in China that are becoming an important source of funding for small and medium-sized enterprises. NetSols partnership with Minsheng is symbolic of the increasing need throughout Asia for leasing and financing solutions, and we are thrilled to strengthen our relationship with one of the regions largest and fastest growing leasing companies, said Salim Ghauri, CEO of NetSol Technologies Ltd.This agreement marks an exciting new chapter for NetSols relationship with Minsheng financial leasing, as we further solidify our presence in Asia Pacific with a key, influential partner. There are so many large, worldwide IT vendors, but we selected NetSol because the company has many years of professional knowledge devoted specifically to the leasing space, said Zhou Wei, president of Minsheng Financial Leasing Co. After two years of working with NetSol and implementing the companys solutions, our system has been able to manage tens of billions of dollars in assets. A signing ceremony was held in Beijing earlier this week to honor the expansion of NetSols partnership with Minsheng. Attendees included Mr. Kong Linshan, Chairman of the board of Minsheng Financial Leasing (MSFL); Mr. Zhou Wei, President of MSFL; Ms. Wang Rong, Executive Vice President of MSFL; Mr. Salim Ghauri, President of NetSol; and Mr. Najeeb Ghauri, Chairman and CEO of NetSol Technologies Inc.