Sindh government to facilitate Korean investment

KARACHI: Chief Minister Sindh Syed Qaim Ali Shah has assured to welcome the Korean investment by saying that procedures will be relaxed and hindrances will be resolved.

He was meeting with six members delegation of KOSPO Korean Company led by its President Sango-Ho-Lee at the Chief Minister House here on Wednesday.

Shah welcomed the delegation and said that during his visit of Korea, a MoU was signed on May 20, 2011 regarding Wind projects in Sindh.

He said, “We visited Korea in May to provide latest information about infrastructure and facilities available in Sindh province and details of natural resources available here.”

He assured delegation that any difficulty will be solved and Sindh Government team will provide all facilities in this regard.

The Korean delegation Chief Lee said that the KOSPO delegation from Korea is visiting Pakistan in pursuance of “Cooperation of Development of Wind Project in the Sindh” the MoU was signed on May 20,2011 between Board of Investment Sindh and KOSPO in the presence of Chief Minister Sindh Syed Qaim Ali Shah in Seoul, South Korea.

Korean company’s President informed that they are installing 200 MW power plants, which will be raised up to 2000 MW later on.

He said Korean company is interested in solar power generation and water pumping in agriculture sector.

Lee also expressed his deep interest in Thar Coal project and hoped that as the facilities are provided, his company will further come ahead to invest.

The Korean delegation included Moon Kyung, Kim Vice President, Seog Ho, Park General Manager, Byeonglin Chol Senior Manager and TaeGil Kang Senior Manager.

The meeting was attended by Chairman, Board of Investment Zubair Motiwala, Additional Chief Secretary (P&D) Israr Malik, Secretary BoI Sindh Younis Dagha, Secretary to CM Alamuddin Bullo and Secretary Finance Sindh Naveed Kamran Baloch.

Chief Minister Sindh also presented traditional gifts of Ajraks and Sindhi Caps to the delegation of Korea.

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