The Sindh government departments have handed over all studies on investment viability in various sectors of the economy, already carried out, to the Sindh Board of Investment (SBOI) to share with it the potential investors and donor agencies, it is learnt.
Sources told Business Recorder on Saturday that the SBOI had recently requested all departments of Sindh government to provide it with the soft copies of all research papers and feasibility studies to facilitate investment in the province.
The Provincial Development Working Party (PDWP) of Sindh government had approved the SBOI's scheme - Investment Promotion in Sindh - with an estimated cost of Rs 99.715 million. The SBOI is supposed not only to act as a bridge between the business community and the government but also to facilitate departments' economic policies and program, they added.
In this regard, the SBOI had established a 'data room' at its head office aimed at assessing opportunity of investment in various economic as well as socio-economic sectors of the province, they said. The main purpose of the data room is to share knowledge already available with the investors and donor agencies and to avoid any duplication of efforts, sources said.
In order to attract investors and foreign agencies into various sectors, the SBOI would engage consultants under the said scheme that would undertake further studies with active participation of the departments concerned, they said, and added that various departments including industries and commerce, transport, agriculture, health, education, etc had a few days back handed over all studies to the SBOI focal persons.
Sources said that the consultants so hired now would complete their task more effectively and with less expense and time after availability of all the studies previously done for different projects in various sectors with the SBOI, encouraging it to work on fast track basis.