Observer Report
Beijing
Public and private sector partnership (Joint ventures) could be an effective source to boost industrial development under the 2nd phase of CPEC.
There is also need of encouraging Academia-Industrial linkages to achieve the desired goals, this was stated by a Chinese scholar and senior fellow of Chongyang Institute for Financial Study of Renmin University of China Zhou Rong in an article published by Gwadar Pro on Wednesday.
Who is to play major roles in implementing CPEC’s projects. Will it be led continuously by the governments of the two countries or by the market. Will it be a compulsory joint venture by outside force or a natural voluntary joint venture?
These are big issues that have to be properly addressed for implementing the CPEC’s 2nd phase as per their spirit and agreed framework.
It is heartening to note that in July Faisalabad Industrial Estate Development and Management Company, Punjab University and Institute of Quality and Technology Management signed a Memorandum of Understanding to promote industrial development in the special economic zone.
As reported, under the agreement, PU would set up a modern research center in the special economic zone with strong researcher team for R&D which the enterprises lack, while IQTM would provide training to the management of the industry that the university does not have any edged advantages.
Indeed, Chinese entrepreneurs and Chinese engineers and technicians will definitely and actively participate in the seamless connection between Pakistan’s enterprises and universities.
Moreover, it can be seen that the combination of the management ability of the enterprise and the research and development ability of the university will produce tangible economic and social benefits, allowing the enterprise to obtain the source of intelligence, and giving the university the opportunity to exert its own advantages.
