mango fetsival 2013post visit report - Sindh Board Of ... visit report mango fetsival 2013.pdf ·...

POST VISIT REPORT

ON

MANGO FESTIVAL 2013

[2]

Mango Festival Post Event Report 2013

OUR GRATITUDE

Sindh Board of Investment (SBI) stresses primary importance to

improve Agriculture sector of Sindh through increased opportunities

for value addition and access to international markets.

Despite being 4th

largest Mango producer in the world, Pakistan

exports only nominal quantities of its total produce. The Mango

industry holds great promise for greater revenues for Sindh.

Therefore, Government of Sindh is making necessary interventions

and essential arrangements to develop linkages and access to the

international markets for increased exports of Mango fruits.

Strengthened by the success of Mango Festival 2012 held in UAE, Sindh Board of Investment

in collaboration with Agriculture Department (GoS), Pakistan Fruits and Vegetable Exporters

Association and Progressive Growers of Sindh organized Mango Festival 2013 at Malaysia

and Singapore.

In this regard, I would appreciate kind cooperation from the office of Consul General of

Malaysia and Honorary Consulate General of Singapore in Karachi. SBI would also like to

acknowledge facilitation from the High Commission for Pakistan in Malaysia and Singapore

for making this event result oriented and meaningful. Here, I would also like to talk about

assistance and support to SBI from Agriculture Department, Government of Sindh especially

Mr. Abrar Shaikh (Deputy Secretary, Agriculture Department, GoS), exporters and growers

of Sindh for making this event a profound success.

I am on behalf of my own self and on behalf of Government of Sindh would also extend my

deepest gratitude for Mr. Wajihullah Kundi, Commercial Counsellor for Pakistan in Malaysia

and Mr. Salman Athar, Head of Chancery of High Commission for Pakistan in Singapore. I

must place on record my gratitude to all our participants especially Honourable Chairman

Sindh Board of Investment and those from the Public & Private sector whose participation in

the delegation’s visit was the key to its success.

We look forward to increased exports and availability of Sindhi Mangoes at Hypermarkets

and Retailers outlets in Malaysia & Singapore in days to come.

Muhammad Riazuddin

Director General

Sindh Board of Investment

Government of Sindh

[3]


TABLE OF CONTENT

S. # Content Page No

1 Mango Festival 2013 - At a Glance 4

2 Program Outline 7

3 Team 8

4 Delegation Composition 9

5 Mango Reception at Malaysia 10

6 Mango Reception at Singapore 12

7 Launch Of Mangoes In The Hypermarkets/Retailers

13

8 Round Table Conference, Kuala Lumpur 15

9 Investors Focus Group Discussion At Singapore 19

10 High Level Meetings 21

11 Annexure I: Press Coverage

24

[4]


MANGO FESTIVAL 2013 - AT A GLANCE

BACKGROUND

Mango – “King of Fruits” is one of the two most delicious tropical fruits in the world. Despite

being 4th

largest Mango producer in the world, Pakistan exports only nominal quantities of

Mangoes. The Mango industry holds great promise for greater revenues for the Sindh.

Therefore, Government of Sindh is making necessary interventions and essential

arrangements to develop linkages and improved access to international markets for

increased exports of Mango fruits.

Sindh Board of Investment in collaboration with Pakistan Embassy in United Arab Emirates

and UAE Retailers including Al-Maya Supermarket, Unifruitti (Carrefour) and Lulu

Hypermarket in UAE hold Mango Festival from 13 to 16 June, 2012 at Dubai, United Arab

Emirates whereby Around 500 tons of mangoes were sold in two week all around UAE after

successful marketing of Pakistani Mangoes in the event. The buyers witnessed the price

appreciation of Pakistan Mangoes from AED 3.65 per Kg to AED 7.5 per Kg.

Strengthened by the success of Mango Festival 2012, Sindh Board of Investment in

collaboration with Agriculture Department (GoS), Pakistan Fruits and Vegetable Exporters

Association and Progressive Growers of Sindh proposed to organize Mango Festival 2013 at

following destinations.

• Malaysia (25th to 27th June 2013)

• Singapore (28th to 30th June 2013)

OVERVIEW

Although Pakistan exports comparatively little of its production, its mangoes are much

appreciated in the international market owing to their attractive colour, fragrance,

savouring taste, and nutritive value. Pakistani mango therefore enjoys a prominent position

in the international market. Except for a few recent trial sea shipments, mango exports

reach Middle Eastern and European markets by air rendering them too expensive for the

mainstream supermarkets that dominate the sale of fruit and vegetables in these markets.

Hence, Pakistan’s current exports are limited to smaller ethnic markets (wet markets).

Hence, an exhibition of Pakistani Mangoes is being organised in the Malaysia & Singapore in

June 2013. A 5-member delegation of the Sindh Board of Investment (SBI) and leading fruits

& vegetable exporters of Pakistan led by the Chairman SBI, Mr Zubair Motiwala, visited

Kuala Lumpur, Malaysia and Singapore to launch and attend the Sindh Mango Festival 2013.

On the sidelines of the event, Chairman SBI and delegation participants hold consultations

with Halal Industry Development Corporation (HDC), Business Community, Investors and

premier investment promotion agencies of the Government of Malaysia and Singapore both

at the federal and state levels.

[5]


MANGO FESTIVAL OBJECTIVES

The core objectives of organizing the Mango Festival 2013 are as under:

• To introduce Sindhi Mango varieties to the importers, wholesalers, retailers and

buyers of retail chains in Malaysia & Singapore.

• To establish strong linkages with the stake holders of Mango import supply chain and

community in Malaysia & Singapore.

• to network Pakistani suppliers with the existing and potential importers of Pakistani

mangoes in said markets

• to boost export of Pakistan’s Fruit in International Market

• to enhance soft image of Pakistan through PR and spreading positive word of mouth

about Pakistani mangoes by inviting stakeholders, local Government officials,

Importers/buyers, diplomats of different countries and Pakistani Community as well

as the general public

Keeping above in view, the Mango Festival 2013 makes a very strong progress & developed

special rapport with Retailers/Hypermarkets in Singapore & Malaysia.

PARTNERS

Sindh Board of Investment had organized Mango Festival 2013 in collaboration with

following organizations.

• High Commission for Pakistan in Malaysia

• High Commission for Pakistan in Singapore

• Consulate General of Malaysia in Karachi

• Agriculture Department, Government of Sindh

• Pakistan Fruits & Vegetable Importers & Exporters Association

• Mango Exporters/Growers

ACTIVITIES:

The Festival comprised the following four components:

• Mango Reception & Inauguration Ceremony

• Launch of Sindhi mangoes in the chain-stores and hypermarkets at Malaysia &

Singapore

• Roundtable Conference with Malaysian investors, businessmen and

entrepreneurs

• High Level Meetings

[6]


• Developing Linkages between Growers, exporters from Sindh with importers and

Retailers/Hypermarkets in Malaysia and Singapore

[7]


PROGRAM OUTLINE

Mango Festival 2013 Program Outline

Monday, 24

June 2013

1700 hrs Arrival of delegates and transfer to the hotel

2000 hrs Dinner by the High Commissioner for Pakistan at

Pakistan House

Tuesday, 25

June 2013

0930 hrs Meeting with CEO, Halal Industry Development

Corporation (HDC)

1200 hrs Meeting with High Commissioner for Pakistan, Mr.

Shahid M G Kiani

1600 hrs Meeting with CEO, Selangor State Investment Centre

(SSIC)

Wednesday, 26

June 2013

1900 hrs Mango Reception at Renaissance Hotel

1000 hrs Mango Launch at Mercato Pavillion

1030 hrs Mango Launch at Cold Storage KLCC

1115 hrs Mango Launch at AeonBig Midvalley

1200 hrs Mango Launch at Giant Subang Jaya

Thursday, 27

June 2013

1000-1200

hrs

Roundtable Conference with Malaysian businessmen,

investors and entrepreneurs

1400 hrs Meeting with the Executive Director , Malaysian

Investment Development Authority (MIDA)

1950 hrs Departure for Singapore

2050 hrs Arrival at Singapore

Friday, 28 June

2013

1500 hrs Meeting with Mr. Chua Taik Him (Deputy CEO IE

Singapore)

1600 hrs Inaugural at Mustafa Centre

1700 hrs Inaugural at Usman Restaurant at Arab Street

Saturday, 29

June 2013

1200-1500

hrs

Mango Mania Inauguration Lunch & Programme at Bar B

Q Tonite

1700 hrs Inaugural at Bay View Tandoor at Singapore Flyer

Sunday, 30th

June 2013

1300 hrs Lunch Hosted by Press Counsellor at Bayview Tandoor

2000 hrs Investors Focus Group Discussion and Lunch at Embassy

Residence

[8]


TEAM

SBI team has worked tirelessly to make this endeavour successful. With the support of High

Commission for Pakistan in Malaysia & Singapore and collaborative efforts from diplomatic and

commercial offices of the Mission, the objectives of the Mango Festival were achieved.

A name list of SBI team members, Pakistan High Commission for Malaysia & Singapore officials those

contributed directly for making this effort a success are as follows:

SBI Team

Name Designation

Mr. Muhammad Zubair Motiwala Chairman Sindh Board of Investment

Mr. Mohammad Riazuddin Director General Sindh Board of Investment

Mr. Abrar Shaikh Deputy Secretary Agriculture Department, Government of

Sindh

Ms. Phool Kanwal Project Coordinator

High Commission for Pakistan Team, Malaysia

Name Designation

H.E. Shahid M.G. Kiani High Commissioner

Mr. Wajihullah Kundi Commercial Counsellor

Mr. Hamid Raza Khan Press Attaché’

Ms. Joe Trade Officer

Ms. Salwa Press Officer

High Commission for Pakistan Team, Singapore

Name Designation

H.E Syed Hasan Javed High Commissioner

Mr. Salman Athar First Secretary/Deputy Head of Mission

Syed Mubashir Tauqir Shah Press Counsellor

Mr. Attique Tabassum Social Secretary

[9]


DELEGATION COMPOSITION

The delegation was comprised of two types of participants.

• Official Participants

• Private Sector Participants

Member composition of delegation participants is as follows:

Official Participants

Name Designation & Organization

Muhammad Zubair Motiwala Chairman Sindh Board of Investment

Muhammad Jaffer Abbasi Secretary Agriculture, Government of Sindh

Muhammad Riazuddin Director General Sindh Board of Investment

Phool Kanwal Project Coordinator Sindh Board of Investment

Private Sector Participants

Name Organization Designation

Waheed Ahmed Iftikhar & Co Director Marketing

Imtiaz Hussain Imtiaz Enterprises Chief Executive

Khalid Ejaz Qureshi Roshan Enterprises Chief Executive

[10]


MANGO RECEPTION AT MALAYSIA

A Mango Reception was held on 25 June at the Renaissance Hotel, Kuala Lumpur, Malaysia.

The event was aimed at introducing Malaysian dignitaries to different varieties of Pakistani

mangoes and providing them the opportunity of sampling and savoring the king of fruits in

different forms.

A special mango display of the following varieties of Sindhi mangoes were arranged:

• Sindhri

• Began Pali

• Chaunsa

• Langra

• Anwar Retaul

• Saroli

• Dasehri

• Sunehra

The event was attended by around 200 members of diplomatic community, businessmen,

corporate leaders, Pakistani community and media. The ceremony commenced with the

recitation from the Holy Quran. The High Commissioner for Pakistan, Mr Shahid MG Kiani,

gave his welcome speech. This was followed by a detailed presentation of the Chairman SBI,

Mr Zubair Motiwala.

[11]


In the presentation, he highlighted various varieties of Sindhi mangoes as well as investment

and business opportunities in the province of Sindh in sectors including agriculture, energy,

infrastructure, transport, communication, IT & Telecom, textiles, mining and gems. He

assured Malaysian investors and businessmen that Sindh Board of Investment was

committed to providing one-window facility and would assist them in all possible manners.

He explained that investment in Pakistan yielded a higher rate of return and a proper legal

framework was in place to protect foreign investment. The Government did not discriminate

between foreign and domestic investors and provided a level playing- field to all.

While acknowledging the prevailing law and order situation in the country, he informed that

not even a single foreign company had exited Pakistan in these circumstances. In fact, many

were considering expanding their operations in view of greater demand and possibility of

higher profits.

A wide spread of mango delicacies, including mango ice cream, mango souffle, mango

mousse, mango trifle, mango tart, mango pudding, fresh fruit platter and mango cake were

also introduce to participants explaining them possible value added usage of the Mango

fruit. At the end of the function, complementary mango gift boxes from Exporters were

presented to all guests with an aim to get them familiarize with the taste of Sindhi Mangoes.

[12]


MANGO RECEPTION AT SINGAPORE

The event was organized at the Bar BQ Restaurant in Singapore and widely attended by

diplomatic community, Pakistani Expats and stake holders of food & Agriculture Supply

Chain industry in Singapore.

The purpose of this activity was to present immense investment opportunities available in

the Province of Sindh in front of Singapore business community and to increase bilateral

trade and investment cooperation between Singapore and Government of Sindh, Pakistan

While speaking on the occasion,

Chairman SBI said that the

importance of trade for the

development process cannot be

denied and neither can the

importance of agriculture for the

overall economy. The role of

agriculture has been elevated from a

sector merely supplying resources to

nourish industrialization to a sector

of utmost importance. Agriculture

contributes about 24 percent of

Gross Domestic Product (GDP) and

accounts for half of employed labour

force and is the largest source of foreign exchange earnings. Mango export system in

Pakistan requires efficient and systematic support to an extent that could utilize full

potential of Mango economy. The mango industry holds great promise for greater revenues

for the Sindh. He further instilled that Government of Sindh intends to make essential

arrangements to have an access to the international markets regarding the exports of

Mango fruits.

High Commissioner for Pakistan in

Singapore added that the organization of

Mango Festival will not only boost

Agriculture exports from Sindh but is

expected to trigger further opportunities

for exports and value addition in

Agriculture in Sindh. There was complementary tasting of

various dishes prepared from mangoes

such as Mango milkshake, mango chunks,

mango lassi etc as well as other

refreshments for the diplomatic

community and Singaporean stakeholders present in the event.

[13]


LAUNCH OF MANGOES IN THE HYPERMARKETS/RETAILERS

The most important segment of the Mango festival was launch of Sindhi Mangoes at

Hypermarkets and Retailers outlets in Kuala Lumpur Malaysia & Singapore. Kuala Lumpur

Mango Festival & Singapore Mango Mania was organized in collaboration with famous

Malaysian & Singaporean Chain Stores and Retailers.

The Sindh Board of Investment in collaboration with Commercial Section organized the

launch of Pakistani mangoes in the following stores:

Promotional Plan for Malaysia

Retailer Outlets Promotional Dates

Cold Storage Store - Klang Valley Cold Storage KLCC 26-28 June 2013

Cold Storage Store - Klang Valley Cold Storage (Mercato)

Pavillion 26-28 June 2013

Giant Hypermarket - Klang Valley Giant Hypermarket Subang 28-30 June 2013

Giant Hypermarket - Klang Valley Giant Hypermarket Kota

Damansara 28-30 June 2013

Econsave Store - Klang Valley Econsave Bangi 5-7 July 2013

[14]


As part of promotion, an in-store sampling

of mangoes at various stores was

conducted. All the customers visiting the

store were offered complementary tasting

of Sindhi mangoes. The sampling activity

was carried out at all stores where

promoters dressed in special gowns

offered mango cuts and mango shakes to

the customers. A sampling counter was

set up with the words "Sindh Mango

Festival 2013" emblazoned on it. A

number of customers tasted the mangoes and showed interest in their purchase.

A team comprising officers of the Sindh

Board of Investment, High Commission

and exporters visited the following

outlets to monitor the mango launch:

a. Cold Storage KLCC

b. Mercato, Pavilion

c. AeonBig, Midvalley Megamall

A formal launch of Sindhi mangoes was

organized at the Giant Hypermarket

Subangjaya. The event was jointly inaugurated by the Chairman, Sindh Board of Investment,

High Commissioner for Pakistan and Mr. Neil Christie, Senior General Manager, Fresh Foods

GIANT. Mango sampling was carried out by mango promoters dressed in customized outfits.

Chairman Sindh Board of Investment inaugurated the Mango Launch at Giant Subang Jaya

Econsave Store - Klang Valley Econsave Pandamaran 5-7 July 2013

Carrefour Store - Klang Valley AeonBig Subang Jaya 25-30 June 2013

Carrefour Store - Klang Valley AeonBig Mid Valley 25-30 June 2013

Mbg Fruits- Klang Valley Big Dutamas 28-30 June 2013

Mbg Fruits- Klang Valley Village Grocer Bangsar 28-30 June 2013

Promotional Plan for Singapore

Retailer Promotional Dates

Mustafa Centre 27 June-1st

July 2013

Bar B-Q Tonite 28-30 June 2013

Usman Restaurant 28-30 June 2013

Bay View Tandoor 28-30 June 2013

[15]


and said that through this event, exporters and growers will be linked up directly to retailers

in Malaysia to explore immense opportunities available in fruit export sector. High

Commissioner for Pakistan in Malaysia was also present at the occasion.

[16]


ROUND TABLE CONFERENCE, KUALA LUMPUR

The Sindh Board of Investment in collaboration with Commercial Section of High

Commission for Pakistan in Malaysia organized a Roundtable with Malaysian investors,

businessman and entrepreneurs.

The High Commissioner welcomed all participants to the Conference and urged them to

take advantage of the liberal Investment Regime and business-friendly Trade Policy of the

Government of Pakistan centred on the Free Trade Agreement between the two countries.

The event was attended by representatives of more than 20 companies from sectors such as

agriculture, special economic zones, property development, infrastructure, monorail,

telecom and investment promotion etc. List of participants is mentioned below:

Round Table Conference, Kuala Lumpur

S # Attendees Number of participants

l. Malaysia Pakistan Business Council (MaIPak) 3

2. Bina Puri Holdings Bhd 1

3. Axiata Group,,\ 1

4. UEM Group Berhad 2

5. Scomi International Pte.Ltd 1

6. Tenaga Nasional Berhad 1

7. 11M Strong Mixed Concrete Sdn Bhd 1

8. Mudajaya Group Berhad 1

9. Econsave Cash & Carry 1

10. Aeon Big Sdn Bhd 1

11. Khaishen Trading Sdn Bhd 2

12. Soon Soon Oilmills Sdn Bhd 1

13. Everyday Brush Industries (M) Sdn Bhd 1

14. Hon.Consulate General Of Pakistan 1

15. A.M. Medical Care & Services 2

16. Ministry of International Trade and Industry

(MITI) 1

17. Malaysian Investment Development Authority

(MIDA) 1

18. Malaysia External Trade Development 1

[17]


Corporation

19. SME Corporation 2

20. Malaysian Palm Oil Board (MPOB) 1

The Chairman SBI gave a comprehensive presentation highlighting business and

investment opportunities in the province of Sindh and invited Malaysian investors to

benefit from the liberal investment regime of the Government of Pakistan. He alluded to

the Free Trade Agreement in force between the two countries which provided enhanced

market access to the products originating from both countries. Sindh offered

tremendous investment opportunities because of its thriving industrial base, natural

resources, well developed infrastructure, competitive human resource, two major ports,

sophisticated communication network, modern financial & services sector and investor

friendly policies of the government. With 23% of country's population, Sindh's contribution

to the national GDP was around 33% while the province collected 70% of Pakistan's Income

Tax and 62% of Sales Tax.

The presentation was followed by Q&A session. Companies such as Scomi and Axiata

briefed the Chairman about their future investment plans in Pakistan and requested SBI to

facilitate them. MATRADE briefed the Chairman about their plans to participate in Expo

Pakistan 2013 in which 30 Malaysian companies would be sponsored. The Chairman urged

the Government of Malaysia to relax restrictions on the import of rice and allow the private

sector to import rice. The quality of Pakistani rice was second to none. Both exporters and

Malaysian consumers stand to benefit from the Government's decision to liberalize the rice

trade. The Chairman also pleaded with the Government to enhance import of beef from

Pakistan as Pakistani abattoirs met the stringent halal and hygienic requirements of the

Malaysian Government.

The representative of the Port Klang Free Zone (PKFZ) apprised the Chairman about the

[18]


incentive package being offered to investors for investing in the zone. The Chairman said

that the Government of Sindh was interested in the investment model of PKFZ and would

try to incorporate its essential features into its Investment Policy.

Mr. Ramesh Kodammal, Managing Director, Goldtex Exim Sdn Bhd, raised the issue of

delayed clearance of goods at the Karachi port. The Chairman assured to look into the

matter.

At the end, the Chairman thanked all companies for participating in the Roundtable. He also

presented tokens of appreciation to the representatives of the Ministry of International

Trade and Industry (MITI), Malaysia External Trade Development Corporation (MATRADE)

and Malaysia-Pakistan Business Council (MaIPak).

[19]


INVESTORS FOCUS GROUP DISCUSSION AT SINGAPORE Investors Focus Group was organised at the Residency of H. E High Commissioner for

Pakistan in Singapore whereby representatives of Singaporean Business Community were

invited to discuss available investment opportunities in Sindh.

In Focus Group Discussion, a detailed presentation

on Investment Opportunities in Sindh was given by

Mr. Muhammad Zubair Motiwala, Chairman, Sindh

Board of Investment, Government of Sindh. Mr.

Motiwala reinforced that Pakistan, a country of 180

million people is endowed with huge natural

resources, investment and trade opportunities.

Within Pakistan, Sindh with a population of 50

million is bigger than over 100 countries of the

world. It enjoys a unique position in terms of

resource endowments and business opportunities. Speaking on the occasion Chairman

Sindh Board of Investment said that Sindh possesses immense opportunities for

strengthening business ties with Singaporean Business Community. Government of Sindh is

keen to enhance trade volumes with Singapore.

Chairman Sindh Board of Investment briefed the

audience on various investment projects and

opportunities that are being showcased by Sindh

Board of Investment. He added that Sindh possesses

the potential to become Power House of the region

given the size of its mineral endowment especially

Coal and Wind.

[20]


Chairman SBI invited Singaporean Business community to come and collaborate with

Government of Sindh to increase bilateral trade between Singapore and Province of Sindh.

He further explained the competitive strengths of the Province which provided tremendous

opportunities in Energy, especially the Coal Mining; Coal to power; Wind Energy; Agro-

Processing and Infrastructure for investment.

[21]


HIGH LEVEL MEETINGS

During the visit, delegation met with both Government as well as private business

organizations to explore the avenues of mutual cooperation. Details of Interactions are

mentioned below:

MEETING WITH HALAL INDUSTRY DEVELOPMENT CORPORATION (HDC):

During the visit, Mr. Zubair Motiwala, Chairman Sindh Board of Investment along with

delegation participants met with the Vice President, Halal Industry Development

Corporation (HOC), Mohamed Khairi Mohd Isa on 25 June, 2013. The following issues

were discussed in the meeting:

a. Follow up on the implementation of the MoU signed between SBI and

HOC in February 2011. The MoU envisaged cooperation in the following

areas:

i. Convening an International Halal Conference at Karachi

ii. Establishing a framework for the promotion of halal sector, halal

certification and regulation in Pakistan

iii. Establishment of a Halal Park near Karachi

b. Examining the offer of HOC for support in the following areas:

c. Organizing a "Briefing Session on Effective Entry in Pakistan's

Halal market"

ii. Forming a Pro-tem Committee on the Joint Malaysia-Pakistan Halal

Chamber of Commerce and Industry

c. iii. Organizing a Halal Seminar in Karachi with the support of HOC

Formation of a Halal Development Body in the province of Sindh on the

pattern of HDC

d. Training of Trainers (TOTs) on the halal matters in Pakistan

e. Accreditation of Halal Certification Bodies in Pakistan

f. Participation of HDC in Expo Pakistan 2013 being held from 26-29

September 2013 at Karachi

The meeting agreed on the need for closer collaboration between HDC and SBI in

the development of halal sector in Sindh, in particular and Pakistan, in general and

underlined frequent exchange of delegations at the official level.

MEETING WITH SELANGOR STATE INVESTMENT CENTRE (SSIC):

Chairman Sindh Board of Investment Mr. Muhammad Zubair Motiwala and delegation held

meeting with Mr. Hasan Azhari Hj Idris, CEO Selangor State Investment Centre (SSIC). SSIC is

the Selangor State Government's investment arm that deals with the State's investment

related matters. It is a one-stop agency that provides information and advisory services to

potential and existing investors as well as assistance in setting up operations in Selangor. Its

objective is to generate investment, encourage industrialization in Selangor by facilitating

[22]


the process of investments within the state, foster conducive investment environment and

showcase the thriving and dynamic state of Selangor Darul Ehsan.

The meeting focused on the

collaborative cooperation

between the two premier

state investment promotion

agencies. The Chairman SBI

explained to the CEO that SBI

wanted to learn from the

investment promotion model

followed by SSIC. The CEO

assured him of his full support

in this regard. The Chairman

SBI also offered him to visit

Sindh Pakistan at the time of

Expo Pakistan being held from

26-29 September 2013. The

CEO assured to look into the offer. The meeting ended with a vote of thanks from either

side.

MEETING WITH SINGAPORE INVESTMENT PROMOTION AGENCY:

The Chairman SBI and delegation also

held a meeting Mr. Chua Taik Him,

Deputy CEO IE Singapore and his team to

persuade Singapore investors to come

and invest in Sindh Pakistan. During the

meeting detailed discussions were held

about investment opportunities in Sindh.

The Deputy CEO agreed to share details

of Thar Coal with potential investors in

Singapore.

MEETING WITH MALAYSIAN INVESTMENT DEVELOPMENT AUTHORITY

(MIDA):

The Chairman SBI met with the Director, Foreign Investment Promotion Division of

Malaysian Investment Development Authority (MIDA). The Director gave a

comprehensive presentation on the investment promotion efforts of MIDA and the one-

window facility being provided to investors in the form of all key agencies like

immigration, labour, environment, telecommunication and others housed under the

same roof. He also highlighted the trend of foreign investment into Malaysia for the last

many years. He explained to the Chairman that earlier the subject of Cross Border

[23]


Investment was being dealt with by MIDA but now it had been taken away from MIDA

and assigned to MATRADE.

The Chairman briefed the Director that the purpose of his visit was to study the

investment promotion model of MIDA and draw valuable lessons from it. He also

referred to his meeting with the CEO Selangor State Investment Centre (SSIC) and termed it

very productive. He invited the Director to visit Pakistan and acquaint himself with the

investment model of SBI. The Director thanked him for the invitation. The meeting ended

with a vote of thanks from either side.

[24]


ANNEXURE I

PRESS COVERAGE

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