Sindh Investment Conference 2010
Sindh Investment Conference 2010
Sindh Board of Investment (SBI), led by Mr. Younus Dagha – Director General SBI and Mr. Muhammad Zubair Motiwala – Vice Chairman, SBI / Advisor to CM Sindh on Investment, organized an extremely successful investment conference on 10th April 2010 at Shereton hotel in Karachi.
The conference was attended by more than 800 participants including ministers and secretaries to provincial and federal government, diplomats, representatives of multinational companies, foreign and local eminent personalities from business and investment sectors.
The conference consisted of a series of presentations highlighting the readiness of Sindh for international and local investment. Experts of different sectors also delivered speeches urging the investors with huge opportunities in all sectors in the province.
Governor Sindh, Dr Ishratul Ibad Khan formally inaugurated the conference. He said that the Sindh province is rich in natural resources while there are huge business and investment opportunities.
Mr. Younus Dagha – DG SBI, highlighted the objectives of SBI, saying that it works to create the investment friendly environment to augment the industrial partnership for socio-economic development in the province. He added that the SBI is also working on providing a forum to share ideas, concepts and identify new business areas besides providing Public Private Partnership models.
Mr. Zubair Motiwala – Vice Chairman, SBI and Advisor to CM Sindh on Investment, also emphasized on investment potential in the province and urged the government to resolve the problems of new investors like land acquisition, energy shortage, etc. He said despite the negative impression about Pakistan, there is also huge investment opportunity with huge profitability. Mr. Motiwala also added that the market demand for goods and services in Sindh is ample while its contiguity with the Middle East also makes it viable for investment to cater to the needs of trans-border markets. He pointed out that there was also an opportunity to reach the consumers of rural Sindh, as their purchasing power is lower than the ones in urban parts of the province, which needs enhancement, too.
The closing session was chaired by Sindh Chief Minister, Syed Qaim Ali Shah. He said that the one-window service by SBI would help the investors in making investments in different sectors of economy without any difficulties. Expressing astonishment, he said that he had been overwhelmed with huge presence of potential investors during the conference, and added that it would help develop the province, and Pakistan, into an industrialized state.
In the last session of the conference potential investors and bankers signed five Memoranda of Understanding (MoUs) with the Sindh Board of Investment (SBI) for setting up alternative energy projects, marble city near Karachi and for providing project financing in agro-processing sector.
Below are the presentations delivered during the conference:
|Conference Objectives, by Mr. Mohammad Younus Dagha, Secretary Investment / DG SBI|
|Public Private Partnership – the Sindh Experience, by Ms. Naheed S. Durrani, Special Secretary Finance|
|Keenjhar Lake Resort – an Investment Profile, by CEO Meindhart|
|Agro based Industries – the endless potential, by Mr. Agha Jan Akhtar, Secretary Agriculture|
|Coastline of Sindh – the untapped treasure of Fisheries, by Mr. Laiq Ahmed Memon, Secretary Livestock
|Dairy & Meat – Rising Demand and Export Potential, by Mr. Laiq Ahmed Memon, Secretary Livestock
|Thar Coal – achievement of workable partnership, by CEO, Sindh Engro Coal Mining Company|
|Granite and Stone Mining – the technology input, by Chairman, Pakistan Stone Development
|Education City – a futuristic venture, by Mr. Karim Nurmohammed|
|Renewable Energy – the Wind Corridor of Sindh, by Mr. Waqas Qureshi, TransAtlantic Energy|