Australian firms eye investment in food processing sector

Pakistan Observer | 13 March 2011

Multan—Australian companies are interested in making investment in Pakistan’s agriculture sector from production of crops to their processing and export.

Regional business development manager of Australian Trade Commission Imran Saeed, in a meeting with Multan Chamber of Commerce and Industry’s (MCCI) acting president Mian Ata Tanweer Sheikh, said that Australia was already extending cooperation to Pakistan in different sectors and transferring skills. He disclosed that many Australian firms were ready to invest in Pakistan on crops production,including cotton, besides vegetables and fruit, their processing, preservation and export.

MCCI acting president said that Australian firms can benefit from investment in south Punjab by employing modern agriculture techniques. The land is fertile and supported by all the four seasons, said Mian Ata Tanweer Sheikh and added that investment by companies or partnership with local investors or agriculturists and agro-based industry would not only yield profits but would also help improve financial conditions of the farmers in southern Punjab.

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