KARACHI  - A Japanese group has agreed to invest $40 million in information technology (IT) and wind energy sectors in the metropolis.

The Japanese group DTS presented a proposal of $40 million investment to Provincial Minister for Commerce and Industries Rauf Siddiqui. According to a statement issued by the office of the Provincial Minister here on Saturday, a delegation of DTS group of Japan headed by group’s Chairman Dr Taka Hashi met with Sindh Minister for Commerce and Industries Rauf Siddiqui at his office on Saturday.

The group has shown interest to invest in Karachi in different projects especially in wind energy sector and IT. The Group has also showed interest to invest in automobile sector and introduce the new Japan made 3 wheeler electric and solar car on cheep rates in Pakistan.

Rauf Siddiqui said there is a healthy atmosphere of investment in Sindh especially in Karachi and we will support all foreigners and local investors.

He said we will extend all out of support to the investors and provide them full security and facilities as well as will facilitate and welcome foreigner investments in Karachi and Sindh.

He directed the concerned officials to arrange the one window operation system to the resolve of foreigner investors’ problems. The visiting delegation from Japan also discussed other issues of mutual interests during the meeting with the Sindh Minister.

It was also agreed that the both the friendly countries will cooperate in all the fields including trade and industries. The Chairman of DTS Group Dr Taka Hashi expressed gratitude to the Rauf Siddiqui for his cooperation. Managing Director SITE Ltd Rasheed Solangi, Director Coordination, Ghulam Farooq and other officials were also present in the meeting.