Categories: NewsTechnology

Italian company to establish high-tech concrete machinery plant in Pakistan

Blend, an Italian company, has agreed to introduce a modernized and advanced Concrete machinery manufacturing plant with the cooperation of SWAN which is its partner company from Pakistan.

A MoU was inked between SWAN and Blend at Sindh Board of Investment (SBI) on Tuesday. Blend will be establishing a manufacturing plant in Pakistan. The ceremony of signing was graced by the presence of the Italian Consul General in Karachi Gianluca Rubagotti, and the Chairperson SBI Ms. Naheed Memon. Ms. Naheed stated that the collaboration will create jobs and at the same time render technological development to Sindh.

The cooperation was made possible due to pivotal efforts of the SBI. The Chairperson SBI herself visited Italy and Germany. During her visit, she held meetings with several corporate entities and convinced them to invest in Pakistan.

Blend is an Italian company with significant expertise in manufacturing mobile plants for concrete. The company also develops construction trucks and railway bogeys.

Pakistan’s economy has been performing well for some time. Pakistan’s economy recently clinched an MSCI upgrade. AMC ranked Pakistan among top emerging market of South Asia. Pakistan has also started to attract investments from foreign companies as well as countries. Recently, some Chinese entrepreneurs visited Pakistan to explore some investment opportunities.

Source — The Sindh Board of Investment, Image — CTSCement

Sponsored
Maryam Dodhy

I love bringing to light stories of extraordinary people working in Pakistan's tech and startup industry. You can reach out to me through maryamdodhy@techjuice.pk.

Leave a Comment
Share
Published by
Maryam Dodhy

Recent Posts

Pakistani Passport Continues to Rank Among the Worst in the World

According to the most recent Henley Passport Index, Pakistan's passport is still one of the…

7 hours ago

November 9 Approaches: Will Iqbal Day Be a Public Holiday This Year?

As Iqbal Day approaches on November 9, Pakistan prepares to honor Allama Iqbal, the celebrated…

7 hours ago

Most Wanted Human Trafficker Taken Into Custody

GUJRAT: According to the Gujrat circle of the Federal Investigation Agency (FIA), they have arrested…

8 hours ago

Air Sial Starts Weekly Flights from Islamabad to Riyadh

Air Sial, one of Pakistan's leading private airlines, has officially launched its weekly flights from…

8 hours ago

Important Update on Profit Rates for Savings Schemes 

On Friday, the government stated that from November 4th, 2024, profit rates on National Savings…

10 hours ago

Pakistan to Legalize Bitcoin and Cryptocurrency Through SBP Act Amendments?

The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act aimed…

11 hours ago