International branding of Faisalabad Industrial Estate Development and Management Company (FIEDMC) is reflective of global trust in industrial development of this dynamic city, said Engr Rizwan Ashraf President, Faisalabad Chamber of Commerce and Industry (FCCI). He was addressing a presentation arranged by FIEDMC for the members of FCCI.
He welcomed commitment of Chinese company to invest 2 billion dollars as Direct Foreign Investment (DFI) and said that Shandong Ruyi is fully convinced that FIEDMC will provide best infrastructure with internationally environment in addition to providing them trained and skilled manpower. He said that with the arrival of Chinese investors, new avenues of progress and prosperity would be opened for local businessmen followed by investments from other countries. Regarding shifting of local industrial units from the congested urban centres, Engr Rizwan Ashraf said that FCCI will hammer out a mutually acceptable strategy in consultation with all stakeholders which would also be acceptable to the government departments concerned.
He also thanked FIEDMC for offering sponsorship for Made-in-Faisalabad-Expo to be hosted by FCCI in Islamabad. It would not only help in introduction of Faisalabad-made products in capital but also pave way for the expeditious colonisation of M-3IC. President FCCI also appreciated the presentation of FIEDMC and hoped that such function on industrial potential of Faisalabad should continue. "It would not only highlight the importance of planned industrial estates but also encourage local as well as foreign industrialists to invest in this mega project", he added.
Khawaja Asim Khurshid Chairman FIEDMC termed FIEDMC and Faisalabad Institute of Cardiology (FIC) as most successful experiment of Public-Private Partnership. He briefly explained the potential of FIEDMC and said that M-3IC is now at the take-off stage and its entire credit goes to the Founder Chairman Mian Muhammad Latif. He said that there was tremendous pressure to increase the prices of plots in FIEDMC but he refused to succumb to it and plots in this planned Industrial Estate are still available at 6 years old prices. On the other hand, its infrastructure has now been fully developed with un-interrupted power supply, and availability of gas, provision of water supply and sewerage facilities.
He said that Chinese company has planned to set up a State-of-the-Art weaving unit of 6,50,000 spindles with 270MW coal fired power plant in 1st phase over 1000 acres of land. Chinese would also treat water effects to produce steam. He said that FIEDMC was planning to allocate space within one or 2 kilometres radius of this steam unit for sizing units so that they could utilise this steam instead of installing their separate boilers. Mian Muhammad Latif Founder Chairman of FIEDMC said that FIEDMC and FDPT are the brainchild of FCCI which are playing a pivotal role in the future development of this city.