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Business
March 14, 2021
ISLAMABAD: MG JW Automobile Pakistan Pvt Ltd has been granted admission as zone enterprise to JW SEZ, Raiwind with an estimated foreign direct investment (FDI) of Rs663 million and local investment of Rs637 million during a Special Economic Zone committee meeting.
MG JW Automobile is a joint venture between JW SEZ (Pvt) Ltd, and SMIL which was a subsidiary of SAIC Motor Corporation Limited. The entry of the company into the first private sector JW-SEZ China-Pakistan SEZ was facilitated by the Board of Investment, a statement said.
The entry as Zone Enterprise would enable Chinaâs largest automobile manufacturer to bring electric vehicles in Pakistan.
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