MoU SIGNED FOR ESTABLISHMENT OF JAPAN SPECIAL ECONOMIC ZONE IN DHABEJI NEAR PORT QASIM INDUSTRIAL AREA
Karachi October 07: Finance Minister Syed Murad Ali Shah has said that Sindh Board of Investment is the primary Investment Promotion Agency of the Government of Sindh mandated to position Sindh as an attractive destination for investment. SBI strives to find new avenues for public private collaboration, develop industrial opportunities for large, medium and small investors and facilitate investment projects. He further said that Special Economic Zone Act has also made Sindh Board of Investment as the primary agency (authority) to monitor, facilitate and regulate all the special economic zones in Province of Sindh. This he said while witnessing the MoU signing ceremony for establishment of Japan Special Economic Zone in Karachi.
On the occasion Chairman Sindh Board of Investment Mohammad Zubair Motiwala informed the details of MoU and said that in this regard, the Government of Sindh has earmarked 250 acres of land in Dhabeji near Port Qasim Industrial Area, only 50 Kms from Karachi Airport. It is an ideal destination for businesses relocating from Japan.
Dr. Hironao Takahashi, Chairman DTS Group has said that DTS Inc. is engaged in leading the development of cutting-edge technologies and has proven record of successful implementation nationally and internationally right from the beginning. He said that DTS Group had proved itself in the field of IT, Data Storage, Industrial Sector & Consultancy. He informed that DTS group of companies invested 10 million US Dollars in Pakistan in area of Information Technology, DTS Group construct DTS IT PARK situated in Karachi over 10 Acres of land. DTS IT PARK consists of over 500 seats, which include Call Center, Software Development & place for manufacturing purpose. DTS Group of companies has offices in Tokyo and Ibaraki in Japan, California in USA, and Karachi in Pakistan. Dr Hironao Takahashi has said that in Japan some of the major players in Financial and Industrial Sector are the stake holders of DTS Japan, Such as Ibaraki prefecture Government, Bank of Tokyo Mitsubishi Japan, JAFCO Japan are leading names in DTS stakeholders list.
On this occasion, Director General SBI Muhammad Riazuddin said that according to MoU both Parties are willing to cooperate and support each other for the successful implementation of the project. The responsibilities of Sindh Board of Investment, is to intend to undertake the development of the Project and establish dedicated Special Economic Zones as per the provisions of SEZ Act, 2012. Being the focal agency for promotion of Investment and establishment of SEZ in Province SBI will assist Developer (DTS Inc. Japan) in acquisition of Land for the establishment of 250 Acres Japan Special Economic Zone. Ensuring Infrastructure Development linkages between Federal as well as Provincial authorities within and outside SEZ premises. Facilitate the developers and zone enterprises in dealing with all provincial governmental authorities for smooth and systematic resolution of issues as and when they arise; and also facilitate the developers and enterprises in complying with environmental regimes and social development. Both Parties shall inform each other regarding the progress of the Activities and provide prompt and reasonably adequate responses to any queries or questions that each Party might have. He said that the MOU is effective as of the signing and shall remain in effect for twelve months from date of Singing of this MoU, unless extended by mutual written agreement or earlier terminated.
Irfan Siddiqui, Director DTS Inc Pakistan informed the media about the role of DTS Inc in execution of JEZ project and said that DTS Japan will establish Japan Special Economic Zone at the proposed land of 250 Acres area, under strict adherence to the requirements of the Developer of SEZ as given in SEZ Act 2012. He said thatDTS Group will bring small and medium size industries from Japan to Pakistan in Japan Special Economic Zone through its access and efforts. DTS Japan will move Projects related to Information Technology, Automobile Sector, Home Electronic Appliances and Mechanical Engineering works into Japan Special Economic Zone. DTS Japan will promote Japan Industrial Zone in Japan through holding seminars and presentation regarding this project. DTS Japan will convince investors to invest in Japan SEZ. DTS group will also arrange seminars & presentations in TOKYO Chamberof Commerce, Ibaraki Chamber of Commerce & Osaka Chamber of Commerce and other organizations to help investors understand the vision and planning of the viability of doing this project. DTS Group will establish Industrial Zone on 250 acres of proposed land as Japan Special Economic Zone and will build infrastructure with the help of Japanese experts, which includes Architects, Civil Engineers, Metallurgical Engineers and Planers whose responsibilities are to build boundaries, Roads, Plot cutting, Parks, Utility services, Security Systems & other infrastructure works from their own resources. DTS will ensure shifting of Business of key industries into Japan Special Economic Zone such as Mitsubishi Heavy Industries, Fuji Heavy Industries Limited, Nissan Chemical Industries Limited, Tokyo Electron Limited, Information & Telecommunication Systems/Hardware Procurement, Hitachi Communication Technologies, Ltd. Totsuka Works, Renesas Technology Corp. and NEC Japan.
For and on behalf of Governor of Sindh, Muhammad Riazuddin Director General Sindh Board of Investment and on behalf of DTS Inc. Japan Dr. Hironao Takahashi, President, DTS Inc.has signed the Memorandum of Understanding.
Imran Khan’s March is totally a failure- Jam Mehtab Hussain Dahar
Karachi 7 October: Provincial Minister for Revenue Jam Mehtab Hussain Dahar has said that Pakistan Peoples Party is the most popular and largest political party of pakistan and it has a splendid history of martyrdoms and those who say that PPP’s popularity graph has come down, are trying to mislead the masses. This he said in a statement issued here on Sunday.
He said that the political opponents of PPP would never succeed in their nefarious motives. People of Pakistan were with Pakistan Peoples Party. He said Imran Khan’ s peace march is totally a failure. People are not with Imran Khan. Government was serious to maintain law and order situation and fully aware of its responsibilities. He said that in Sindh only more than 35 lacs people had been severely affected by recent rains and Imran Khan and Nawaz Sharif should work for the relief of these affected people but they were doing nothing except issuing statements and marching.
Provincial Minister added that Pakistan Peoples Party could never think of dividing Sindh and it had taken steps in the interest of the Sindh. Those who were making fuss in this regard, are deceiving the people. He said that we are accountable before the masses and in coming general elections PPP would emerge victorious and People would give us chance to serve them again.