The Chairman of Faisalabad Industrial Estate Development and Management Company (FIEDMC), Mian Kashif Ashfaq has said that his company will extend ‘all possible’ support for the development of a new industrial estate in Islamabad by Islamabad Chamber of Commerce and Industry (ICCI). He also said that his company was proficient at developing industrial areas.
Mian Ashfaq announced that a facilitation desk would be set up at the ICCI to cater to clients inquiring about investments and other potential opportunities in the SEZs of FIEDMC. The facilitation center would also according to him be beneficial to the foreign dignitaries and visitors.
Mian Ashfaq was giving a presentation on the progress of FIEDMC to the ICCI. Aamir Saleemi, the CEO of FIEDMC was also present.
Describing the projects that FIEDMC has taken initiatives with he mentioned the M3 Industrial City which had 4356 acres that could host medium and large-scale industries. Another Value Additions City had also been set up with 225 acres specifically for SMEs.
He said an Agro Zone would also be set up at 1500 acres for SMEs and agro-businesses. He said that Health City, Apparel City, Light Engineering, and Furniture City would also be set up in SEZs to promote industrialization.
He said that FIEDMC was constructing state-of-the-art infrastructure in its SEZs and a grid station would be set up to provide 15-20% cheap electricity to industries.
Read more: FIEDMC to Collaborate with ITU to create ‘ultra-modern’ technical lab
A shuttle train would also be launched for labor. He said that FIEDMC would set up a one-window service center to facilitate the local and foreign investors for investing in its SEZs. He said that FIEDMC SEZs were providing a 10-year tax holiday and land could be purchased with a 15% deposit with the rest payment spread over 4 years. He further stated that blocks of Turkish, Chinese, Asian, Saudi & European investors have also been set up in Allama Iqbal SEZ.
FIEDMC collaborates with other institutions
Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) Mian Kashif Ashfaq announced last week that FIEDMC would be establishing a ‘state of the art ultra-modern technical lab’ meeting high international standards for the monitoring and automation solutions for industrial units.
Faisalabad Industrial Estate Development and Management Company (FIEDMC) has allocated Rs.2.5 billion for the development projects of M-3 Industrial City.#FIEDMC #Faisalabad # M-3IndustrialCity #DevelopmentProjects #Pakistan
— Business Recorder (@brecordernews) October 23, 2019
The lab to be established with collaboration with Information Technology University (ITU) along modern scientific lines to meet international industrial standards and is expected to enhance profitability and effectively controlling losses.
Read more: Chinese company interested in FIEDMC to set up agro-industrial units
Mian Kashif speaking with a delegation of investors, Sunday, revealed that he had had a ‘fruitful’ meeting with Prof Dr. Sarfraz Khurshid Vice-Chancellor, the Vice-Chancellor of ITU, and various other experts from ITU including the Dean faculty of engineering Dr. Tauseef Tauqeer, as well as co-principal investigators, Dr. Usman Younis and Dr. Rehan Hafiz.
He had also announced that technical guidance from ITU experts would be sought for setting up Industrial Monitoring and Automation Lab at Faisalabad, which will provide facilities of smart monitoring of utilities of water, electricity, and gas using the internet of Things (IoT) technology, energy auditing, etc.
Mian Kashif further went on to explain that the need for an hour was Digitalization transformation. He expressed the need for technological improvements to enhance productivity and procure hidden resources within the production process.
Read more:Â FIEDMC Chairman commends PTI government for support
He explained that to do this, ITU will help develop a joint ‘Center of Excellency’ with which a mother tor characterization test bench facility is needed. This will that areEDMC an overview and performance analysis, enabling them to develop and export an electromechanical system analysis.
GVS News Desk