Mar 11, 2010

Balochistan: Investors Eye Solar, Seafood Industries

 Sample ImageGerman and Italian investors have shown interest in expanding industry in Balochistan but the benefits must reach the people of Pakistan’s most underdevleoped regions.


Below is an article from the Associated Press of Pakistan:


Chief Minister Balochistan Nawab Muhammad Aslam Raisani Wednesday told that German and Italian investors had expressed their interest to invest in Balochistan regarding solar energy and seafood sectors. He expressed these views in a meeting  with Minster for State Salim H Mandviwala. Chief Minister Balochistan Nawab Muhammad Aslam Raisani Wednesday said that various sectors in Balochistan including fisheries, seafood, chromite, marble, coals and others had a great charm for investors, adding the provincial government would extend its all out collaboration in this regard.


Talking to the Minister for State for Investment Board Salim H Mandviwala, Nawab Raisani said the Balochistan government wanted local and foreign investment in various sectors including mines and minerals, cotton, fruits particularly olive cultivation.  Installation of solar and coal power plants and others.

He regretted that investors would have to face some difficulties when they express their interest of investment, adding the provincial government had pledged to remove all such obstacles.
Senior Minister Maulana Abdul Wasey, Provincial Information Muhammad Younis Mullazai, Secretary Investment Board M Salim Khan, Chief Secretary Balochistan Mir Ahmed Bukhsh Lehri, Additional Chief Secretary Development Qayyum Nazar Changezi and other high officials were present on this occasion.

The CM Balochistan viewed the provincial government had decided to establish shipping yard in order to promote sea food industry in coastal areas of the province. He maintained that the government would welcome investment in solar and coal power production projects.

He lamented that no adequate investment could be attracted in marble cutting industries, adding investment in this sector would boost local economy. He offered the provincial government would provide all possible facilities to investors desirous to invest in Balochistan.

Earlier, Minister for State Salim H Mandviwala said that President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilan were keen on investment in Balochistan.
He highlighted that a German investor Group had expressed his interest to install a 50MW solar energy plant in Pakistan and the federal government would provide the site for the purpose in Balochistan.

He mentioned that Italian investors had also expressed their interest to invest in seafood industry in Balochistan.

He added the federal government would provide facilities to foreign investors wanted to invest in Balochistan.