United States company Frontier Agricultural Solutions and Training (pvt) Limited (FAST) has pledged to invest in different fields of livestock and agriculture in Punjab, while Punjab Board of Investment and Trade (PBIT) will assist FAST by providing strategic information about investment opportunities in the province.
In this connection, a seven-member delegation of FAST, headed by Regional Director Michael Singleton, called on PBIT officers, here on Friday. Vice Chairman PBIT, Rizwan Ullah Khan briefed the delegation about the scope of investment in Punjab and suggested ways to improve facilitation. He said PBIT would provide key information about investment opportunities in various sectors in agriculture and livestock to the company.
PBIT has also connected the delegation with Livestock & Dairy Development Department, Government of Punjab for entering in Public Private Partnership for knowledge transfer, he added. FAST submitted a 'Expression of Intent' for establishing a series of Knowledge Transfer Centres (KTCs) and Sustainable Agricultural Co-operatives (SACs) throughout Punjab in the fields of veterinary research and vaccine production, dairy and livestock, cattle fattening and importing, producing certified seeds and developing system for improved surface water management.
On the occasion, a facilitation-MOU was also signed between FAST and PBIT. The objectives of MoU are to facilitate American investors for their current and future investment projects in various sectors. Both parties expressed desire to work together and agreed to formalise collaborative efforts by identifying areas of common interest.