ISLAMABAD: Gwadar Free Zone (Phase II) is likely to see the first entry of the “electric cable manufacturing company of Pakistan” in the wake of warm interactions between stakeholders ushering in an era of a flurry of business activities in Gwadar, a regional business hub of Pakistan.
According to Gwadar Pro, out of many companies, registered, operational, or in process of being established in Gwadar Free Zone Phase I and Gwadar Free Zone Phase II, Pakistan’s electric cable maker “Coppergate” will be the first enterprise to run its manufacturing unit if all business prospects radiate promising vibes.
It will not only be engaged in the export business but also contribute to the local market.
Coppergate is a Lahore-based electric cable producing multinational corporation which operates in Pakistan’s 14 cities and South Africa and UAE. Prospects of maturing the deal are high after chairman China Overseas Ports Holding Company (COPHC) Zhang Baozhong met with Coppergate Pakistan’s Business advisor, Widad Durrani, and Zonal Manager Mansoor Ali recently in Gwadar.
They expressed the company’s plan to set up a manufacturing base in Gwadar. With the accelerated pace of industrialization of Gwadar Free Zone Phase II, the demand for electric hardware and relevant materials has been continually rising.
They believed that the establishment of the production unit in Gwadar, in addition to fulfilling local demand, can act as a catalyst for the stream of industrialization of Gwadar.
