13 Sectors Identified For Investment And Development According To SMEDA
Sialkot: The Small and Medium Enterprises Development Authority (SMEDA) has prepared a detailed report, which highlights the avenues of investment by China and Pakistan keeping in view the importance of the China Pakistan Economic Corridor (CPEC) for the development of Pakistan in general and SMEs.
Muhammad Alamgir Chaudry, the general manager Outreach, Small and Medium Enterprises (SMEDA), said that in the report sectors have been identified in which business related investments could be made by the Chinese businesses.
It was said that there are 13 sectors for investment and development and these sectors have also been addressed in the SMEDA ‘SME Development Plan’, which is part of Pakistan’s ‘Vision 2025’ and it also aligns with the proposed long-term plan of CPEC.
Sectors of priority are logistic, ICT and allied services, gems and jewelry, horticulture, construction, fisheries, energy, dairy and livestock, engineering, mineral, leather, tourism, textile made-ups and apparel. The SMEDA also prepared “mass mapping” in which the districts were identified on the CPEC route along with the investment opportunities available to Chinese investors.
The districts located 100 kilometres from the CPEC route had also been mapped for possible investment opportunities. SMEDA was consulting with other stakeholders to prepare pre-feasibility studies on the identified investment opportunities.
The report suggested the policy and regulation inputs of CPEC. He said some of the areas are balanced development and regional equity, rationalization of regulatory framework, security of investment, business regime, and rationalization of taxes. Alamgir said that the establishment of export processing zones (EPZs) and special economic zones (SEZs) had been proposed with alignment of CPEC.
Special economic zones should be set up for SMEs and these zones should be developed on public private partnership with Chinese counterparts. The SEZs, in order to provide infrastructure in close proximity to existing industrial hubs, should be established in Gujranwala near the golden triangle area.