Germany keen to set up wind turbine industry: The News

ISLAMABAD: Germany has shown interest in joining hands with Pakistan in setting up wind turbine industries and negotiations are under way. Islamabad has also asked Berlin to invest in Pakistan’s fertiliser sector in order to meet the requirement of the commodity.Federal Minister for Industries and Production, Mian Manzoor Ahmed Wattoo during a meeting with the members of a German trade delegation, headed by Dr Olaf Berlien, Chairman Thyssen Krupp Technology said here on Monday, “Developing wind turbine technology is the need of our farmers and our rural areas in which the German government was rich and showed interest.”

The government would encourage foreign and local investment in setting up fertiliser plants in the country besides other fields as there was immense potential available for investment due to the government’s policy, he said.Wattoo said agro-based industries were also very beneficial for investment. The government would encourage public-private partnership and joint ventures in setting up agro-based industries.

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