A Dutch firm Menzing Industries will sign a memorandum of understanding (MoU) with a Karachi based firm-Research and Development Engineering Company. The MoU will be inked in Islamabad on Wednesday, says the leader of a three-member business delegation from the Netherlands, Martin J. Leushuis, while talking to APP here.
He said that the two countries would be working together. The initial test has already been performed. Martin was of the view that the first step has been taken and after making some progress. "We will see as to what the possibilities there are and we will look into the possibilities of investment and see what new products may come out as a result of such a collaboration", he added.
Martin, who is also the President of the Netherlands-Pakistan Business Council (NPBC), is also looking for the Dutch companies and those from Pakistan to work together.
He said that the NPBC plans to use Pakistan as a hub for other countries in the region. This would be an ideal situation for the export and the re-export to other countries from Pakistan. Martin was of the view that there are tremendous possibilities for the Dutch companies here.
Romy Moiz, Managing Director of Research and Development Engineering Company, located in Korangi Industrial Area here, said that Menzing has already sent material here for trial production.
He said that his firm and Menzing will sign an agreement in Islamabad on Wednesday under the sponsorship of Pakistan's Ministry of Industries and the Engineering Development Board.
Moiz said that we are signing this agreement with Menzing for co-operation and joint projects to be done in Pakistan in future. "This is a first step which would lead to further investment here from Holland in a collaborative manner", he remarked.
Moiz further said that Menzing is also offering technology and inviting our personnel for training so that the same standard of manufacturing could be achieved in Pakistan.
Omar Zaman, Technical Director of Research and Development Engineering Company, praised the initiatives the government of Pakistan is taking in the engineering industry. This, he added, would contribute towards promotion of exports in the engineering goods as has been desired by the government.
Omar said that his firm has sent a consignment of exports to Germany and the client there was of the view that the standard of the product was perfect. Harold Vreeman, Managing Director of Menzing, said that as a result of the signing of MoU there will also be a transfer of technology and know how.
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