Commerce Ministry Urges Chinese Firm to Form Joint Venture for Accelerated Localization of Solar Panels.

The Commerce Ministry in Pakistan has urged Chinese company M/s Sinotec Solar to form a joint venture with M/s Ghani Glass to accelerate the localization of solar panels. The ministry emphasized the need to address tariff and tax issues faced by the local solar industry, while also cautioning against imposing higher duties on imported solar panels. The meeting resulted in several actions, including the preparation of a task matrix and a comprehensive indigenization plan from Sinotec Solar, backed by consultation with Ghani Glass and technical evaluation. [Extracted from the article]