Chinese group to set up inverter plant

China’s business group, Hexing Electrical Group, has informed the government of its intention to establish a new industry in the renewable energy sector. Chairman Liangzhang Zhou, leading a delegation, held a meeting with Minister for Privatisation Abdul Aleem Khan on Saturday, and discussed the proposed investment, and stated that it would be the first industry of its kind in Pakistan in which inverters and batteries would be manufactured with a large investment. Mr Zhou stated that his group is present in 90 countries with over 7,000 workforce, and it has established factories in 20 states, and on the same pattern, it wants to create an office in Pakistan.