Innoson, Chinese Group Target 7,000 for Technology Transfer

By November 8, 2016 Investment News

About 7,000 workers are expected to benefit from a technology transfer initiative between Innoson motors and a Chinese group, Shandong Broadcasting and Television.

The group said that the initiative is under its expansion of investment into the media and Information Communication Technology sectors.

Chairman of Innoson Group, Dr. Chukwuma Innocent, said in Abuja recently after a meeting with the Minister of Science and Technology, Dr. Ogbonnaya Onu, that the partnership will be in the area of broadcasting, direct home TV, satellite broadcasting, e-policing and ICT.

“We can establish the engine factory in Nigeria when we get a measure of patronage,” he said.Earlier at the meeting, the Minister eulogised Innoson for working to ensure that the Nigerian economy remained strong.

“We are happy you have this partnership with China and the ministry is ready to support it. Innoson is helping in our economic transition to ensure we can produce what we use in Nigeria,” he said.

To the Chinese team led by Deputy Minister and Chairman of Shandong Broadcasting and Television, Liu Baoju, Onu expressed happiness that there would be technology transfer, which he said would further strengthen economic relations between both countries.

Source: <Guardian>