LAHORE: Faisalabad Industrial Estates Development & Management Company (FIEDMC) is playing a fundamental role in attracting domestic and foreign investment. Establishment of new industrial units by Chinese, Asian, European, Turkish and Saudi companies would generate employment opportunities at vast scale besides much-needed revenue for the government.
These views were expressed by the Chairman of Faisalabad Industrial Estates Development & Management Company Mian Kashif Ashfaq while talking to the LCCI President Mian Tariq Misbah in the presence of Senior Vice President Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry at the Lahore Chamber of Commerce & Industry.
Mian Kashif Ishfaq gave a detail presentation on the ongoing projects and development work under FIEDMC and also announced to setup a facilitation desk at the Lahore Chamber of Commerce & Industry to disseminate investment related information amongst the LCCI members. It was also decided that a delegation of the Lahore Chamber of Commerce & Industry, led by its President Mian Tariq Misbah, would visit Faisalabad to get first-hand knowledge about the development work in industrial estate.
He also apprised the LCCI office bearers and executive committee members about the facilities being provided at the industrial estate. He said that FIEDMC has always provided state of the art facilities to its customers besides resolving their issues through one window operation on top priority basis, he said.
Speaking on the occasion, LCCI President Mian Tariq Misbah said the industrial estates are imperative for the industrial growth, employment generation, exports promotion and economic development of the country.
He said the special economic zones are the need of the hour and we have to take certain steps to divert investments to industrial sector. The LCCI President said that there is a dire need to have a specific industrial policy to encourage the private sector representatives to start vigorous industrialization.
Mian Tariq Misbah said that incentives for the industrial sector will surely help to a great deal in generating new employment opportunities, he added. “There is no doubt that with the establishment of special economic zones across the country, the present pace of economic development can be enhanced to achieve the desired results,” he said.
The LCCI President informed the FIEDMC Chairman that the Lahore Chamber of Commerce & Industry is playing the role of a think tank and presenting suggestions at various forums to grow economy and to cop post COVID-19 challenges.
He said that development work with good pace in Allama Iqbal Industrial City would pave way for more projects, industrialization, domestic & foreign investment and employment opportunities.