LAHORE: The Charoen Pokphand (CP) group of Thailand is
planning to enter Pakistan’s market, the group’s vice president, Natthakrit,
announced here on Tuesday.
Accompanying a high-level delegation, he was speaking during
a visit to the Punjab Board of Investment and Trade (PBIT) where opportunities
for investment in Punjab were discussed.
“CP group plans to enter Pakistan, not just to sell, but to
serve the farming community, generate employment opportunities and invest in
agriculture research to improve the quality and quantity of food in the
region,” Natthakrit said.
The group is bringing investment considering the country’s
vast potential in agriculture and livestock sectors. Earlier, the PBIT and
Pakistan’s embassy in Thailand had been highlighting investment opportunities,
government connectivity, corporate law and related information.
The CP group is a leading agro-industrial and food
conglomerate in Thailand and Asia with annual turnover of $7 billion in the
food sector and $17 billion overall.
Besides the agri-food business, other main businesses of the
group include telecommunications, e-commerce, international trading, marketing
and distribution, petrochemicals, property and land development, insurance,
automotive, crop integration and pet food.
Speaking on the occasion, Pakistan’s Ambassador to Thailand
Sohail Mahmood underlined the significance of Thailand’s investment in Pakistan
for bilateral relations and assured the group of government’s support for their
investment plans.
Published in The Express Tribune, September 5th, 2012.
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