Punjab Investment Conference 2024
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Important step towards promoting economic development and strategic partnership
Sunday 15 December 2024
Shanghai (News International / Pakistan News - 15th December, 2024) The Punjab Investment Conference was held in Shanghai on 12th December, 2024. During this conference, important milestones were set to take Punjab to new heights of economic prosperity. This historic event was hosted by the renowned venture capital firm ‘Gobi Partners’. The conference highlighted Punjab’s commitment to innovation, sustainable development and global cooperation.
Gobi Fund Announcement:
Gobi Partners made an important announcement under which a special investment fund of US $ 50 million was introduced for Punjab. This is the first fund of its kind that will support the startup ecosystem of Punjab. It will especially focus on technology-based startups.
This initiative will provide a strong foundation for Punjab to move towards a digital and sustainable economy, promote innovation-based growth and become regional leader in technology and business.
During the conference, Punjab’s prominent competitive advantages were also highlighted, including special incentives that go beyond regional and global standards. Strategic factors such as tax benefits, industrial zones and integrated infrastructure of the government were given key positions in making Punjab a prominent investment destination.
Agreement between Gobi Partners and Bank of Punjab:
Further strengthening the commitment to innovation and economic growth, Gobi Partners and Bank of Punjab signed an agreement aimed at building a vibrant ecosystem for startups and SMEs.
The agreement will provide support through lending, equity, investment, specialized financial solutions and mentoring programs. This partnership reflects a shared vision of empowering new businesses and promoting sustainable development in the region.
The conference also discussed important issues such as promoting long-term, sustainable partnerships between Chinese enterprises and the Government of Punjab.
The key agreements formally signed during the conference are as follows:
Agreement between China Solar N Plus and the Government of Punjab:
This partnership will be instrumental in developing Punjab’s green energy system through innovative solar energy projects. Solar N Plus will cooperate in setting up facilities in Punjab, conducting studies, building local capacity and introducing innovative solar technology for sustainability and innovation.
Agreement between Tianjin Capital Environmental Protection Group (TJCEP) and the Government of Punjab:
This partnership will focus on urban development and environmental management projects, which reflect Punjab’s commitment to sustainable development and infrastructure. The agreement includes cooperation on waste management, water treatment, local manufacturing of environmental machinery and pollution reduction in urban areas like Lahore.
The conference laid the foundation for a new era of global economic cooperation and reaffirmed Punjab’s role as a major international investment hub. The leadership invited global businesses to explore the province’s opportunities and expressed their commitment to strengthening partnerships and future development.
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