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Four factories to start production in Gwadar by December

Four factories to start production in Gwadar by December

ISLAMABAD: The federal government has set the deadline of December for the start of production activities in at least four factories in Gwadar.

It was announced by Gwadar Port Authority Chairman Dostain Jamaldini, who said the port city would receive more container ships in coming months due to the industrialisation process. “We receive one or two ships in 15 days, but the frequency will increase to three ships per week in coming months,” he said. “Continuity of these policies will turn the port city into a new economic capital of Pakistan.”

Over 300 Chinese ships have docked at the port since 2008, but a lot is still required to reap the benefits in the city.

Among the four conglomerates which are going to start production by the end of this year, one is a Pakistani automobile company, which has already established a strong foothold in the Chinese market.

“The Chinese government has decided to fund the mega project and so far Beijing has invested Rs16 billion in construction activities at the port,” said Jamaldini. “Likewise, an agreement has been inked with two shipping lines named Sinotrans and Cosco.”

Jamaldin added the Chinese had done their part and it was now the responsibility of the government and the people to realise the dream of economic prosperity.

“China has already invested $50 million in the free trade zone in Gwadar. At least 300 Chinese engineers and subordinate staff have already arrived in the past six months.”

KARACHI (Dunya News) – Heavy contingents of law enforcement agencies for seaward security of Gwadar port and associated sea lanes against conventional and non-conventional threats can be seen as one enters through Gwadar port gate.

Friendship flags of China and Pakistan are waving across streets displaying strong strategic bond between two Himalayan neighbors. Intense construction work is underway as Gwadar is gradually making inroads into becoming hub of regional trade.

About two decades ago, Pakistan envisioned to reap fruits of geo-political and geo-strategic location of Gwadar. First phase of construction work was wrapped up in 2005 but failed in achieving intended outcomes. At present, Beijing and Islamabad are willing to leave no stone unturned to make Gwadar port an unprecedented example of Sino-Pak business venture.

“Chinese government has decided to fund mega-project. So far, Beijing has poured Rs16 billion on construction activities at Gwadar Port. Chinese engineers have completed 90pc of rehabilitation work. Likewise, agreement has been inked with two shipping lines named Sinotrans and Cosco.”, stated Gwadar Port Authority Chairman Dostain Jamaldin during interview in a special report for Dunya Kamran Khan Kay Sath show.

Jamaldin further said, “We receive one or two ships in fifteen days but frequency would eventually pile up to three ships per week in upcoming months”.

Jamaldin stressed on continuity of policies in their true letter and spirit for making port city the new economic capital of Pakistan. Jamaldin said Gwadar would be second major city that would be built by Pakistan in 70 years.

Jamaldin is one of the busiest men in Gwadar. As GPA’s head, he is handling a number of important development projects including an expressway, a tax-free zone, a vocational training institute, expansion of the port and the creation of a business complex.

China has already invested USD 50 million in free-trade zone at Gwadar. At least 300 Chinese engineers and subordinate staff have arrived in last six months.

Source: Express Tribune & Dunya News

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