Vivo is going to plant their Assembling Units is Pakistan which More beneficial for Pakistan in future. Vivo is the first Brand who clearly told the place where the assembling units will be placed.
Location OF Assembling Plant.
Vivo’s meeting with the Punjab government was also attended by Minister of Industries Aslam Iqbal. Where Vivo made agreement with FIEDMC (Faisalabad Industrial Estate Development & Management Company) that they will plant there industry in Faisalabad Industrial Area M3.
Investment In Pakistan.
Vivo told that we will invest (startng investment) $10 Million Usd in Pakistan for the assembling units n Pakistan. Vivo Assembling Plants In Pakistan will be very beneficial for Pakistan.
Meeting Attendant of Vivo’s.
There was two Attendant of Vivo’s
- Vice President Duam Tai
- Manufacturer’s Director Zhang Bin
According to Details.
The agreement was held between Vice President Duam Tai and Manufacturer’s Director Zhang Bin in FIEDMC office, Where the Minister of Industries Punjab Aslam Iqbal was also present and agreement was finalized.
They discussed that initially the Vivo will invest $10 Million Dollar in Pakistan. They will also export their smartphone via Seapack of Pakistan. It is expected that the assemblng plants works will start in 2021.
Benefits for Pakistan.
It is beneficial for Pakistan in the Following terms
Now a days we import the large number of mobiles, whose taxes are very high. After the installation of manufacturing and assembling plants in Pakistan the rate of imports will decrease.
Less In Price.
After installing the assembling plants in Pakistan the price of the Vivo smartphones will be less as compare to other chinese brands, Because of less taxes from PTA (Pakistan Telecommunication Authority).
Employment In Pakistan.
In 2019-2020 the number of unemployed people in Paksitan is round about 1 CRORE, After installation of assembling plants the Pakistani peoples will get job round about 200,000 peoples in one industry, which can decrease the unemployment of Pakistan.
In future many of the other companies, such as Samsung, Oppo, Xiaomi and many others like Vivo will install their manufacturing and assembling plants which can decrease unemployment in Paskitan, and will offer jobs.
Toll Tax Plazas and Other Taxes.
These companies will aslo sell their products via seapack, Which pay taxes on seaports and also will pay Toll plaza tax during road transportation and many other taxes which will increase the Pakistan” GDP.
Economic Growth of Pakistan.
By the imports of mobile spare parts, roads transportation taxes and also the with seaport taxes which will make the Pakistan’s economy strong and Pakistan can become stable.
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