100km long Industrial Zone between Karachi and Hyderabad

Karachi, May 14, 2008 (Asia Pulse Data Source via COMTEX) — — Sindh Minister for Industries and Commerce, Rauf Siddiqui has suggested establishing 100km long industrial zone at the land lying between Karachi and Hyderabad.

Speaking at the Business & Industry, Trade Convention organized by his ministry at a local hotel in Karachi on Tuesday evening, Rauf Siddiqui said that Sindh government was preparing a report identifying the problems being faced by the industrialists to resolve them.

He said that a seven-member committee was also being constituted to recommend suggestions for promoting industrialization in Sindh province.

He said that plots in allocated land for industrial purpose by Sindh government would be handed over to those industrialists, who would deposit half of its total price.

He said that ban on land utilization in Karachi badly harmed industrialization in the city.

Minister said that to eliminate rising unemployment in the country and strengthening local economy, we had to convince foreign investors including from European Union, Japan, China, Korea and other countries to invest in Pakistan.

Dr Junaid Ahmed, Advisor to Finance Ministry said that about 55,000 MW electricity could be generated through available resources in Ghharo.

He said that Thar and Lakhra coal resources were also major source to generate thousands of MW electricity.

He said that industrialization could not be promoted without setting up more industrial zones in country like Korangi, Landhi, SITE and North Karachi industrial zones.

He called up on government to establish Pak-China, Pak-Korea, Pak-Iran, Pak-Arab Economic Zones, in which industrialists from these countries could be provided opportunities to invest here. He said that with printing over packed Pakistani food items the words like Hilal Food and Made in Islamic Republic of Pakistan; billions of rupees could be earned from Islamic countries market. He said that more than 50 percent of our fruits and vegetables go waste due to non-presence of proper processing system to convert them into juices and exporting to other countries.

He said that Sindh government should pay heed to setting up agro-based industry in interior Sindh.

Larkana District Nazim, Muhammad Bux Narejo criticized Sindh government for concentrating industrialization only in Karachi and ignoring other cities of this province for many decades. He said that only in 1947, Sindh government allocated 12,00 acres of land in Hyderabad for industrialization purpose after allocating 4,000 acres in Karachi for same target. He regretted that many governments had ignored interior Sindh in this regard and concentrated to promote industrialization only in one city Karachi.

He said that billions of rupees were spent by different governments in industrial zones like Korangi, Landhi, North Karachi but other cities of province were not considered for industrialization to eradicate crime, poverty and unemployment. He said that we are ready to provide all possible facilities to investors, who intend to invest in agro-based industry in Larkana. He urged Sindh government to distribute thousands acres land lying near Moen jo Daro Airport Larkana to investors free of cost who could provide guarantee to invest there.

He said that Sindh government should not only patronize industrialization process in Karachi but also pay heed to interior Sindh in this connection.

Noted Industrialist Zubair Motiwala said that industrial sector in Sindh was not getting sufficient growth due to the unresolved issues being faced by the industrialists here. He said that investors were heading to Punjab province owing to higher cost of land in Karachi. He said that Sindh government should offer tax holiday to industrialists to promote industrialization here.

He stressed to establish vocational training institutes in collaboration with private sector.

Iftikhar Ahmed Sheikh, Acting President Karachi Chamber of Commerce & Industry said that improving infrastructure including roads, water, electricity and gas could also promote industrialization.

Mian Zahid said that economy depended on both agricultural development and industrial development. He said that our farmer could provide us more crops if he would be provided prices of his crops as per international rates.

He said that five to six year banking financing on six percent mark up in raising building structure and purchasing machinery could promote industrialization.

Haji Muhammad Yaqub, President Hyderabad Chambers of Commerce & Industry said that Sindh government never paid heed to interior Sindh as it paid to Karachi for industrialization. He called on government to allot plots to investors, which were allocated for industrialization in Hyderabad so that they could start their investment there. He said that Sindh government should arrange investment in agro-based industry in interior Sindh in order to bring prosperity here. He said that poor law and orders were also a major hurdle in industrialization.

Shakil Mukhtar, representative Sukkur Chamber of Commerce & Industry said that government had allocated 46 acres of land in Rohri, 50 in Sukkur and in Nawabshah for setting up industrial zones but not paid heed to create atmosphere of industrialization, resultantly these lands were still lying unused.

He demanded a water filter plant for Sukkur SITE Area. Dr Mirza Ikhtiar Baig said that private sector should be allowed to establish industrial zones like SITE, Korangi and others. Sheikh Fazl-e-Jalil, Chairman Korangi Association of Trade and Industry said that many industrial units were set on fire soon after the assassination of Ms Benazir Bhutto. He said that investment could not be attracted here without improving law and order. Muhammad Nisar Shahwani, Chairman SITE Industry Association said that India was generating 48,000 MW electricity through wind power. He said that monopoly of KESC on electricity distribution should be ended as it was affecting industry.

Masood Naqi, former president Korangi Association of Trade and Industry said that billions of rupees could be earned through investing in agro-based, sea food based and livestock based industries in Sindh province.

Sindh Minister for Information Technology, Raza Haroon said that within two years people could lodge their online FIR report to Sindh police after completion of E-Policing Project. At the end, the KCCI leaders presented gold medal to minister Rauf Siddiqui.

Wednesday, May 14, 2008

Courtesy: TradingMarkets.com

source: http://www.tradingmarkets.com/.site/news/Stock%20News/1559532/