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Marble City top priority of SBI: Motiwala

NNI Monday, 17 Sep 2012 2:20 am | Comments

KARACHI - Chairman Sindh Board of Investment (SBI) Muhammad Zubair Motiwala said on Sunday that Marble City was one of the priority projects of the Sindh government and SBI, and that Sindh Stone Development Company (SSDC) was committed towards the successful materialization of this project at the earliest.
He said this at the 3rd board meeting of SSDC held under his chairmanship at SBI office, Karachi. Board of SSDC reviewed the progress of the proposed Marble City.
Motiwala said that this project was also planned to have a dedicated training center which would be a key to providing technical and vocational training for skill development. He also proposed to allocate land for a Trauma Center to cope up any disaster. He said further that the earning would also be increased from improved skill imparted through training by experts in marble and granite sector. Muhammad Zubair Motiwala also proposed to induct Sindh government’s secretary finance as member of SSDC Board, a move unanimously approved by the board.
The provincial government’s Secretary Finance Arif Ahmed Khan said the project was envisaged to be executed as a top priority. Khan further stated that it was important to find out the existing market scenario for determining the future course of action through a detailed technical study for this project.
DG SBI Mohammad Riazuddin extended his full support in expediting the project.
Mr Haroon Rashid, Director SSDC, emphasized on the opportunity of brining in the foreign direct investment at Marble City. He further said that there were possibilities of Joint Venture alliances with foreign companies for production and processing.

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