LAHORE: The Punjab Board of Investment and Trade (PBIT) and Chinese company Dongjin Power Tech have joined hands to ignite a new chapter in the region’s industrial landscape and channel $15 million into high-capacity dry battery manufacturing plant.
The two entities signed a Memorandum of Understanding (MoU) that promises to electrify the province’s economic trajectory. CEO PBIT, Zeeshan Shabbir Rana, and Hu Ge, CEO of Dongjin Power Tech, affixed their signatures to the Memorandum of Understanding—an act that seals a visionary alliance. Under the terms of this transformative agreement, the Chinese enterprise will establish a state-of-the-art dry battery manufacturing plant within the bounds of Special Economic Zone (SEZ). With a robust initial investment of $15 million, the facility is poised to not only power countless devices but also energise local industry, create jobs, and reduce dependency on imports.
