Home »Business and Economy » Pakistan » Lotte keen to invest $50 million in Sindh

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  • Jan 21st, 2010
  • Comments Off on Lotte keen to invest $50 million in Sindh
The South Korean business giant Lotte Group is keen to invest around $45 to $50 million in Sindh This was stated by Lotte Group President Dong Bin Shin in a meeting with Sindh Chief Minister Syed Qaim Ali Shah at Chief Minister House on Wednesday.

Among others, the meeting was attended by Advisor to CM on Investment Zubair Motiwala, Board of Investment Chairman Saleem H Mandviwala, Secretary Arif Elahi and Provincial Secretary Mines and Mineral Development Ejaz Ali Khan. Shin who is leading a 10-member delegation said his company would soon proceed with its plan to start investing in the food sector.

Lotte Group, which was established in Japan in 1948, is one of the most famous Korean investment companies working in various sectors such as foods and beverages, shopping stores, trade and tourism, construction and insurance, etc. Welcoming the company's keenness to invest in the resources-rich province, Qaim Ali Shah said Sindh had a congenial climate for investment in agriculture, industries, coal mining, shrimp, fish farming and dairy farms, etc.

In his briefing, Zubair Motiwala welcomed the investment offer of the group saying an MoU for a Honda-backed joint venture in Seoul would be signed this month. Provincial Secretary Mines and Mineral Development Ejaz Ali Khan and BoI Secretary Arif Elahi briefed the delegation about various investment opportunities.

Copyright Business Recorder, 2010


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