Chairman, Faisalabad Industrial Estate Development and Management Company (FIEDMC), Mian Muhammad Latif said that 6 industrial clusters will be established in various parts of Faisalabad and a pilot project for powerlooms will also be established. Addressing a seminar, he said that flatted factories comprising of building of 4 or more stories each covered with space of 15000 sq ft on each floor would be constructed in the Faisalabad Industrial City (FIC).
He said that the FIC comprises of 3365 Acres of land and is located on the intersection of Sahianwala Interchange on Motorway M3.
He disclosed that the Federal Textile Ministry has agreed to provide funds of Rs 500 million for construction of flatted industries in the industrial estate.
Mian Muhammad Latif mentioned that under the changing scenario, it would be much difficult to develop the new industry and said that only those industries would survive which have their own raw material. He said that we should focus our full stress and attention for the improvement of quality, competitive price and minimising the cost production.
Mian Muhammad Latif, who is also chief executive of leading industrial group Chenab Group, said that out of total cotton production in the world, 10 percent was being produced in Pakistan, which has now been increased to 15 percent thus bringing the total cotton yield to 9.2 million bales. He said despite this excellent cotton production, our spinning mills are forced to import the cotton from abroad to meet their requirement.
He said that in case government provides certain incentives to the cotton growers, its production could be raised to 25 million bales per annum. He said Pakistan could easily earn 40 billion US dollars from export of value added goods. He said that under the changed circumstances, the textile mills are converting to value addition and provide ample job opportunities but still we are short of workers to run our industry and we shall be constrained to hire the services Indian and Afghani labour. He said credit goes to the government for the establishment of a chain of industrial estates in the private sector.
Citing the example of Faisalabad Dry Port, Mian Muhammad Latif said that the Faisalabad Dry Port was constructed in the private sector about 10-years back without any government assistance.
Due to the establishment of this Dry Port, the exporters and importers are getting the custom clearance facility at their doorstep. He said that Chief Minister Punjab is attaching great importance to the private sector and after the construction of Sunder project at Lahore, the Chief Minister was kind enough to sanction the FIEDMC for the construction of Faisalabad Industrial Estate.
Continuing Mian Muhammad Latif said that USA and Europe are the biggest consumer markets and we should maximum export to these countries.
He said that India and China are our close competitor and we could compete with in the world market by manufacturing standardised goods.
He said that the big importers are stressing that the Pakistani mills should install their own waste plants. He said that only Chenab Fabrics Faisalabad and Gul Ahmad Multan have installed their own waste plants and the big factories should also pursuit it by installation of waste plants costing around 200 million. Citing the example of Bangladesh, Mian Muhammad Latif said that the export of Bangladesh amounts to 4 million dollars whereas its imports are around 3.50 million dollars.
Mian Muhammad Latif emphasised the construction of new industrial units in a systematic manner. He told that 6 companies of China have also approached for the purchase of plots in the Faisalabad Industrial Estate. He disclosed that Chenab Group of Industries is the only company in Pakistan, which is exporting its products to China. He disclosed that after the signing of World Trade Organisation (WTO) and Vision 2005, our export to China, America and Europe has been increased to 15 percent.
Mian Muhammad Latif said that FIEDMC is providing plots in the Faisalabad Industrial Estate to Textile and other industries and announced that President of Pakistan General Pervez Musharraf will shortly visit for the ground breaking and launching ceremony of the industrial estate.
He said that the motorway is a gift from Mian Muhammad Nawaz Sharif and hailed the decision of present government for establishing Industrial Estate near Motorway, which would help attract the foreign buyers. He said that FIEDMC comprises of 21 directors, out of which 16 belong of private sector representing various industrial segments of Faisalabad and rest from the government of Punjab. He told that FIEDMC has solely been financed by the government of Punjab with equity of Rs 35 million rupees and a loan of Rs 1.5 billion to establish the industries in Faisalabad Industrial Estate to meet the challenges of WTO regime
He told that two development projects namely Value Addition City, Khurrianwala and Faisalabad Industrial City 25 Km south of Faisalabad is being constructed. The Value Addition City, he added, comprises 181 Acres of land and located close to Khurrianwala Chowk. The master plan of VAC has been completed and the contract for development work has already been awarded and sizeable plots for setting up industries have been allocated. The Industrial Estate, he added, will have potable water supply system, dual carriage road, improved sewerage system, solid waste management, complete security system, petrol pumps, hospital, hotel/motel, mosque, post office ware house, community club, sports club and residential blocks for workers.
Mian Muhammad Idrees, President Faisalabad Chamber of Commerce & Industry said that the Faisalabad Industrial Estate will be a planned industrial area where prospective industrialists will be provided all facilities especially to the large spinning, weaving and composite units which will be shifted there. He said Pakistan could now achieve the required target in industrial production due to scattered industries.
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