An eight-member delegation of the Royal Group Co. Ltd. – a top-tier Chinese corporation in the dairy industry and buffalo milk production — led by its President, Chen Yi, called on the Executive Director-General for the Pakistan Board of Investment (BOI), Mukarram Ansari, at the BOI headquarters to explore investment opportunities in the country’s livestock and dairy sector.
The Royal Group Stock Co. Ltd., which primarily produces and sells packed milk and dairy products, intends to invest an initial amount of $500 million in Pakistan’s cash-strapped livestock industry.
An 8-members delegation of Royal Group Co Ltd -Chinese leading enterprise in dairy industry & buffalo milk production -led by Royal Group President, Mr Chen Yi, called on AS/EDG, BOI, @mukarram_ansari at BOI to explore investment opportunities in the livestock & dairy sector. 1/5 pic.twitter.com/K7BeIRMRxO
— Board of Investment, Pakistan (@investinpak) April 7, 2021
The Additional Secretary of the BOI, Mukarram Ansari, warmly welcomed the interest of the Chinese group in investing in Pakistan and updated them on the local dairy backdrop with the help of sector-wise incentives blueprint developed by the board over the duration of its administration.
Ansari also briefed the delegation about the investment opportunities in the Special Economic Zones (SEZs) being developed by Pakistan to accelerate export-oriented industrialization. Pakistan’s SEZs offer the custom-free import of machinery and 10 years of income tax reductions for trades and businesses.
The meeting concluded with the BOI extending its full support to the Royal Group and ensured complete facilitation for the duration of the project.
The project aims at streamlining the domestic production of value-added products including butter, yogurt, and cheese while complying with international food safety standards which is crucial to the enhancement of trade and investment opportunities for Pakistan in the wider global market.