ISLAMABAD - Samsung is all set to establish its TV line-up plant in Pakistan as the South Korean firm has entered into a joint venture with a local company for the production of television sets.
“I have been informed that Samsung Electronics is in the process of establishing their TV line-up plant in collaboration with the R&R Industries at Karachi. It will become functional in Q4 of 2021 and is expected to produce 50,000 units annually,” said Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Twitter. “This is a vindication of MOC’s “Make-in-Pakistan” policy for industrialisation via rationalisation of input costs and other incentives”.
Later, the Advisor to PM on Commerce and Investment, Abdul Razak Dawood, met the Ambassador of Japan to Pakistan, Kuninori Matsuda. In the meeting, matters relating to bilateral cooperation and the organisation of economic forums were discussed. The possibilities of assistance by Japan for upgradation of the focus areas of infrastructure and facilities for various sectors like fisheries, salt and food processing also came under discussion.
During the meeting, the ambassador informed that Toyota Corporation of Japan would invest about USD 100 million in producing and exporting hybrid vehicles from Pakistan. He also invited the advisor to visit Japan which he accepted.
Dawood said, ‘’Pakistan is moving in the right direction. We are now focusing on industrialization, enhancement of our productivity and keeping up with the latest technology by upgrading our infrastructure with Japan’s assistance’’. He said that our fishery and food processing methods need to be upgraded to compete internationally.