Pakistan invites foreign investors in agri industries
ISLAMABAD: Federal Minister for Food and Agriculture, Nazar M. Gondal has said on Thursday that there is a huge potential for local and foreign investment in the agriculture related industries in the country.
The minister was holding a meeting with foreign investor, Nicolas Martin, Chief Financial Officer of ASHORE, UK and Ahmed Jaudet Bilal, Chief Executive Officer, AGRITECH here at his office. "We would welcome and encourage foreign investment in the agriculture sector and other industries related to the sector.
Fertilizers are one area where the local demand increases annually and the country has to import the commodity to fulfill the domestic requirements.
Agriculture is crucially important for our national economy and any industry related to this sector would be encouraged and facilitated to work and flourish," added the minister.
Mr.Nicolas Martin said that his company is interested to invest in Pakistan especially in the fertilizer industry owing to the increasing demand of the country.
He said that investment for farm mechanization could also be initiated. He discussed other potential areas for investment like value addition to agriculture products, tractor manufacturing, etc.
Gondal said that there is even a greater emphasis on agriculture sector with the passage of time: "We have increased the support price of wheat that has resulted into surplus wheat and encouragement for the farmers. -App