According to details, Vivo will invest $10 million in Pakistan for building a production facility at the M3 Industrial Estate in the Faisalabad Industrial Estate Development and Management Company (FIEDMC).

In this regard, Vice President Vivo, Duam Tai Ping, and Director Manufacturing Zhang Bin penned the agreement with FIEDMC over the weekend in the presence of Punjab’s Minister for Industries, Mian Aslam Iqbal.

While speaking with journalists, the Minister said the provincial government will extend its maximum support to the Chinese investor for setting up the manufacturing plant.

He noted that the project will not only create employment opportunities for the locals but will also boost the local smartphone manufacturing industry.

Leave a Reply

Your email address will not be published. Required fields are marked *