Sinotech Solar Pvt Ltd has embarked on a major investment journey in Pakistan, unveiling plans to establish a state-of-the-art 3GW solar panel manufacturing facility in Karachi. Spearheading this initiative is the Special Investment Facilitation Council (SIFC), dedicated to streamlining the project's documentation processes.
This venture marks a pivotal stride towards domestic solar panel production, also signifies Sinotech's commitment to supporting Pakistan's energy sector. Additionally, the company is ready to contribute to the local production of dry batteries and electric vehicle trucks, aligning with the nation's drive towards sustainable energy solutions.
By fostering local manufacturing, this endeavor promises to usher in a wave of foreign direct investment (FDI), fostering economic growth while diminishing reliance on imports. Moreover, it holds the promise of generating employment opportunities, empowering communities across the region.
The Government of Pakistan has thrown its weight behind this transformative project, urging Sinotech Solar Pvt Ltd to outline a comprehensive domestic strategy spanning five to seven years.
