ITPO, IPU, SMEDA & SCCI pledge to promote SMEs in Sialkot

SIALKOT: Investment & Technology Promotion Office (ITPO) Italy, Investment Promotion Unit (IPU) of UNIDO, SMEDA and Sialkot Chamber of Commerce and Industry (SCCI) have pledged to make all out sincere efforts to promote the SMEs in export oriented Sialkot city, ensuring the easy and hurdle-free foreign investment especially by Italian investors to Pakistan.

Italy’s ITPO, UNIDO, SMEDA and SCCI, jointly organized a day-long investment friendly awareness raising seminar at the auditorium of Sialkot Chamber of Commerce and Industry (SCCI) here Monday. Senior officials of SMEDA, UNIDO, from Investment Promotion Unit Lahore and President Sialkot Chamber of Commerce and Industry (SCCI) Dr. Sarfraz Bashir were present on this occasion.

Addressing the participants, Italian investment expert Mr. Dino Fortunato highlighted the opportunities of investment by Italian companies in Pakistan. He said that there were bright opportunities of promoting the investment promotion between Italy and Pakistan, besides, starting several joint ventures in different trade fields.

Mr. Dino Fortunato added that United Nations Industrial Development Organization (UNIDO) Mission and ITPO’s (Italian institution) had already decided to re-establish Investment Promotion Unit (IPU) and resumption of its activities in SMEDA under the agreements between the governments of Pakistan and Italy. He said it would provide a unique combination of value-added services to the entrepreneurs and the local industry in seeking international alliances in industrial investment and technology commercialization from developing countries and economies in transition.

During the seminar, the speakers termed peace, long term business and investment friendly policies by the government as vital for bringing maximum flow of foreign investment in Pakistan.

The SMEDA officials told the participants that Investment Promotion Unit (IPU) by UNIDO would engage the Italian and Pakistani entrepreneurs for joint ventures in active collaboration with SMEDA.

IPU officials revealed that Investment Promotion Unit (IPU) will promote industrial investment projects and international industrial partnerships including value-added services which would aid in economic revival. IPU would also create bridge between the entrepreneurs of Pakistan and Italy but it would also give a new dimension to the possibilities of Investments and promotion of trade between the two countries.

On this occasion, the SCCI President Dr. Sarfraz Bashir narrated that the trendy Sialkot exporters had been earning the foreign exchange to the tune of US $ 1.5 billion annually. He said that there were bright opportunities of Italian investment in different trade fields.

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