ISLAMABAD, Pakistan: The ADM Group Chief Executive Officer (CEO) Yasir Bhambhani on Thursday said that the ADM Group was keen to invest an amount of US$ 250 million in Pakistan for manufacturing of electric vehicles to provide ecological-friendly automobiles to local consumers.
In a meeting with the Federal Minister for Industries and Production Rana Tanveer Hussain, he said the first phase of the project charging network station would be established, followed by the manufacturing of electric vehicles in the second phase.
Yasir Bhambhani said the electric vehicles will have a range of 300 kilometres on a single charge.
The federal minister said that the government is ready to facilitate direct foreign investment in the country, and the Ministry of Industries and Production is committed to collaborating closely with all relevant stakeholders to ensure a smooth process.
The minister emphasized the importance of focusing on green energy, adding that electric vehicles have become a reality.
Rana Tanveer highlighted the benefits of electric vehicles including their lower cost compared to traditional vehicles and fuel savings.
 Yasir Bhambhani on Thursday said that the ADM Group was keen to invest an amount of US$ 250 million in Pakistan for manufacturing of electric vehicles to provide ecological-friendly automobiles to local consumers.){kind=link}