ICCI asked to give proposal for Industrial Zone under CPEC in Islamabad
- July 10, 2020
A delegation of Islamabad Chamber of Commerce and Industry
(ICCI) led by Muhammad Ahmed Waheed President called on Mathar Niaz Rana,
Federal Secretary, Ministry of Planning & Development and discussed with him
various proposals for promoting industrialization in the region. Tahir Abbasi
Senior Vice President ICCI and Malik Sohail Hussain Chief Coordinator UBG FPCCI
were in the delegation.
Welcoming the delegation, Mathar Niaz Rana, Federal Secretary, Ministry of
Planning & Development briefed them about the various initiatives of his
ministry and shared detail of CPEC projects that offered great opportunity for JVs
and investment to the private sector. He said that ICCI could play role to bring
more investors from the private sector in order to exploit the potential
opportunities of business partnerships in CPEC projects. He said an Industrial
Zone has been planned in Islamabad under CPEC project and desired that ICCI
should share its proposal for the industrial zone that would be given due
consideration. He further said that sector-specific industrial clusters were
required in Islamabad to facilitate the potential foreign and local investors in
exploring JVs and investment opportunities in such clusters.
Speaking at the occasion, Muhammad Ahmed Waheed, President, Islamabad
Chamber of Commerce & Industry said that ICCI has been making efforts since
long for the establishment of a new industrial estate in Islamabad to promote
industrialization as there was no more space in existing industrial areas to setup
new industries due to which the potential investors were facing problems. He
stressed that Planning Ministry should cooperate for materialization of this
important project that would give boost to industrial activities and create plenty
of new jobs in the region.
Muhammad Ahmed Waheed said that ICCI should be taken on board for the
establishment of industrial zone in Islamabad under CPEC project and added that
ICCI would send its proposal for the said project to make it an industrial zone
that could exploit the comparative advantage and human talent of the area and
emerge as a hub of industrial activities in the region.
Tahir Abbasi Senior Vice President ICCI and Malik Sohail Hussain Chief
Coordinator UBG FPCCI also shared various proposals for industrial development
in the region.