A Chinese delegation headed by Yantai Chamber (China) Vice President Li Heyi on Wednesday visited for assessing the possibilities of investment, collaboration and joint ventures with the business community here.

The Chinese investors showed keen interest in starting joint ventures with Sialkot exporters in different trade fields including the soccer ball, surgical instruments, garments and sports goods. The 24-member business delegation from Yantai Federation of Commerce and Industry, Shandong China, spent a busy day in export-oriented Sialkot city. Flanked by the officials of SCCI and Pak-China Joint Chamber of Commerce and Industry, the delegation visited several leading industrial units in Sialkot amid tight security.

They said that the time was ripe to invest in Sialkot. During their visit to industrial units, they witnessed the international standard craftsmanship and praised global industrial significance of Sialkot due to its socio-economic development.

Talking to the Sialkot exporters and industrialists, the Chinese investors were of the view that they were feeling no hesitation to invest in Sialkot industries or divert their business activities to Sialkot-Pakistan.

They termed Sialkot’s export culture amazing and its craftsmanship of international standard. Talking to the newsmen, they said that labour had become very expensive in China due to which the leading Chinese investors and industrialists were diverting their business activities to other countries especially Pakistan.

They termed it a very big and golden chance for Sialkot exporters to explore and capture the main Chinese international trade markets by exporting their best quality diversified traditional and non-traditional products to China. They pledged their maximum investment in industrial sector of Pakistan especially in Sialkot.

During a meeting at Sialkot Chamber of Commerce and Industry, they discussed the matters of mutual interest, besides, exploring the opportunities of Chinese investment in Sialkot and starting joint ventures in different trade fields with Sialkot exporters, in active collaboration with Pak-China Joint Chamber of Commerce and Industry.

The investors revealed that taking into consideration the ever rising labor cost in China, they were endeavouring to expand their business portfolios especially in Pakistan. The delegation consisted of Tan Chengce, Li Heyi, Wang Yongming, Wang Yanli, Wang Han, Xiao Xingkui, Wang Libo, Liu Hai, Zhang Wenjun, Sun Wende, Mu Cuirong, Kong Xianzhen, Kong Xianfeng, Yang Yunsheng, Shi Diankun, Guo Xiulin, Cheng Xianzhi, Xu Zhichao and Lirong. Mr Li Heyi, vice president of Yantai Chamber of Commerce China, SCCI President Dr Sarfraz Bashir, SVP Mian Muhammad Anwar and Pakistan Gloves Manufacturers and Exporters Association Chairman Shehzada Ibne Iqbal Syed were also present.

Addressing the meeting, the SCCI president appreciated the keen interest of Chinese investors in in different sectors. He said that Pakistan is an important country in South Asia offering good business prospects lucrative for foreign investments to explore Pakistani market for business, joint ventures and investment.

He hoped that the delegation’s visit would help the entrepreneurs from both the sides take a step further in exploring new possibilities of cooperation to strengthen trade relations.

He told the visiting Chinese investors that Sialkot was replete with talent and represents a class of craftsmen and entrepreneurs, who through their instinct towards exports and urge to achieve the best, have made Sialkot an export-oriented city.

He said that Sialkot-made footballs, field hockey sticks, cricketing gear, and boxing gloves were used in international games.

Dr Sarfraz added that the inheritance of skilled craftsmanship in manufacturing surgical instruments form a history spanning over a century has enabled them to manufacture high-quality surgical instruments which are exported to over 140 countries around the world.

“In leather products and textile sportswear, Sialkot enjoys a competitive edge over other countries in quality and style. GSP Plus status has opened the new potential and the industry looks forward to maximise its share in the European markets,” he said. “Pakistan and China have immense reservoir of goodwill and trust.”

SCCI’s SVP Mian Muhammad Anwar said that both Pakistan and China had withstood the test of time and signify the expression of mutual respect, deep sentiments of affinity and natural political alliance. “Relations between the two are based on righteous policies and upright assurance. However, investment of Chinese companies in Pakistan for promotion of trade and creating such an atmosphere which would help explore new avenues of trade cooperation and strengthen relations further,” he said.