Mobile phone industry to get boost under CPEC: Minister
- 149
- 0
ISLAMABAD: Minister for Industry and Production Makhdoom Murtaza Mahmud said that mobile phone manufacturing industry would flourish more under second phase of China Pakistan Economic Corridor (CPEC).
He said that country was passing through hard time, but it was everyone’s responsibility including politicians, private sector and stakeholders to work together, adding that mobile manufacturing was new industry, therefore, they were facing difficulties.
Addressing summit ‘Mobile Device Manufacturing’ organised by Engineering Development Board (EDB) and Pakistan Mobile Phone Manufacturing Association (PMPMA) he said that by improving mobile industry, country’s needs could be fulfilled from domestic production.
He said that devaluation of rupee had reduced labour costs and added that export could be increased by enhancing mobile manufacturing. He said that Pakistan will come out of these situations in short term, but “We have to make a long-term policy”.
Meanwhile, Secretary Ministry of Industry and Production Imdadullah Bosal highlighted that in 2020, a policy was launched to increase production and half journey had been completed while half was left.
“We need to upgrade technology, boost productivity to increase labour market and policies that work in Vietnam and Malaysia may not work here.”
Senior GM Policy Engineering Development Board Asim Ayaz said that friendly policies had been introduced for mobile phone industry.
Vice Chairman Mobile Manufacturing Association Muzzaffar Piracha said that if government provides enabling environment for mobile manufacturers, exports in industry could “Cross $ 14 billion mark within three years”.
Vice President of Mobile Manufacturing Association Aamir Aallwala underlined people “Want to invest” in mobile industry but they need continuity of policies. He said Chinese industry was willing to come to Pakistan for local parts manufacturing.
Published in The Daily National Courier, January, 25 2023
Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.
