Karachi, July 25, 2012 (PPI-OT): “Investment promotion in the Province can only be done with collective efforts of Public and Private sector,” this was stated by Muhammad Zubair Motiwala, Chairman, Sindh Board of Investment at the 5th Board Meeting of Sindh Board of Investment held at SBI office today.
Muhammad Zubair Motiwala said that serious efforts are also being made for containment of energy crisis in Pakistan through multiple measures. Other than promoting Investments in Thar Coal, Sindh’s Wind Corridor, the SBI is working closely with private sector to examine interventions under Solar Energy. Chairman SBI said that Coal is the new energy future of the Province and the country.
During the meeting, Secretary Investment Ms. Naheed Shah Durrani gave a brief overview of Sindh Board of Investment’s performance during 2011-12. Board members were sensitized regarding continuous and serious interventions by the Sindh Board of Investment to promote investments’ in diversified sectors of economy especially Agro Processing, Livestock, Dairy, Fisheries and Minerals.
Secretary Investment also briefed about recent policy reforms for development of Wind Energy sector of Sindh. It was elaborated that Sindh Wind Corridor possesses immense potential to produce about 50,000 MW of energy.
Board was informed that land has been allotted to 30 Projects with installed capacity of 1947 MWs. Out of which 9 Projects commissioned on fast track are expected to obtain CoD before June 2013 with approx 800 MW power on grid by June 2013. A brief overview of Projects initiated by Sindh Board of Investment was also given to members for their input, feedback and suggestions.
Board members appreciated the efforts of the Sindh Board of Investment to facilitate investment in the Province of Sindh particularly in Energy (Wind/Coal), Agro processing and promotion of SMEs in traditional sectors of economy.
Board members also endorsed the proposal for Constitution of Sector Committees for facilitation of sector specific investment promotion activities in the Province. Board also made an Obituary Resolution for late Nisar Sheikhani, member Board of Sindh Board of Investment and a prominent businessman.
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