ISLAMABAD -  More than hundred Chinese companies are keen to invest in Pakistan and in this regard representatives from six industrial units will visit the country next week.

This was stated by the high level delegation of China Pakistan Economic Corridor (CPEC), who is on a visit to Pakistan. According to a statement issued by Ministry of Industries on Monday, the minister has invited Chinese companies to invest in food processing, car manufacturing and steel mills.

CPEC council also announced to invest more in Pakistani refinery, mining cement and real estate sectors. The Industries minister told the Chinese delegation, led by CPEC chairman, that Gwader export processing zone has a lot of potential. Chinese industrialists showed keen interest in solar panel manufacturing and told the officials that with state of the art technology solar output could be enhanced to 30 percent.

The delegation said that since Pakistan will be a big market of solar energy in coming years, they were interested to invest in alternative energy projects and want to shift PV panel manufacturing to Pakistan. The minister apprised the delegation that 28 acres out of total 300 acres in Korangi creek has been allocated for commercial and other commercial buildings.

Chinese delegates also discussed various options for the joint venture or privitisation or administrative control options of Pakistan Steel Mills. CPEC Council is presently financing three orphan centres in Zehripur, Gilgit and Gwader.