Pakistani investors stake interest in reviving Kaduna’s industrial estates
Thursday, 29 August 2013
From Saxone Akhaine
NO fewer than 46 Pakistani investors have enlisted interest in reviving the moribund textile industry in Kaduna State.
Beside textiles industry, they also expressed their intention to invest in several other sectors in the state’s economy, including, the health care, agriculture, rail transportation, pharmaceuticals, tricycle production, leather, sportswear and poverty alleviation.
The industrialists, who disclosed their intention during a courtesy visit to the Governor of Kaduna State, Alhaji Mukhtar Ramalan Yero, said they have concluded plans to partner with the state to actualise their investment agenda.
The delegation, led by Zafar Mahmood and the Nigeria’s High Commissioner to Pakistan, Dauda Danladi, disclosed that bilateral talks would soon commence between the investors and their Nigerian partners.
Mahmood explained that Pakistan is number one in pharmaceutical sector in Asia, with interests in textiles, surgical and other medical equipments, agricultural machinery, implements, fertiliser and pesticides.
“We have certain technology and technical expertise that we export to various countries. We are ready to transfer the technology and expertise to Nigeria and to Kaduna State. We have been to Lagos and we are here with 46 businessmen and politicians. We have discussed with KADCCIMA (Kaduna Chambers of Commerce, Industry, Mines and Agriculture) and we would sign MoU with them.”
“On poverty alleviation, we have a Senator Zafar, the first private train owner in Pakistan, he is desirous in getting involved in rail transportation and establishment of tricycle company in Nigeria”.
Danladi said the delegation would visit the Zaria Pharmaceutical Company before departing the state, adding that they had earlier visited some textile and other companies at the Kakuri industrial area of Kaduna.
An industrialist among the delegation, Muhammad Sandal said: “We visited two textile companies (KTL and Finetex) we have seen the machineries and the technology is older. We can bring our technicians here to introduce new technology and new machineries. More than 20, 000 people can be involved in that (textile) industry.”
Yero remarked that the state would partner with Pakistani industrialists in agriculture, education, rail transport, solid minerals, textile, poverty alleviation and pharmaceutical.
According to him, the 19 northern governors would also partner with the industrialists to revive the moribund Kaduna Textile Limited to boost the economy and enable the country export textile materials.
“Kaduna is an industrial town, a textile town, most of the companies in the late 60’s and early 70’s are textile. KTL belongs to the 19 northern states and it is our desire to revive it, the 19 states governors will be interested in partnering with anybody to revive the company,” he said.
Yero argued further that” the collaboration is vital as Kaduna state is former capital of the north with population of about seven million and being the focal point of all the northern state, it has most of the available potentials needed for investment, particularly in tourism, water resources, education and real estate.
“More than 70 per cent of our people are into agriculture and most are into subsistence farming. It is our hope and desire that these farmers transform into commercial agriculture so that they can earn from it.”
He assured the delegates on the availability of land in the old and new industrial estates for establishment of companies, security and electricity, adding that efforts were in place to address the epileptic power supply to help revive the comatose existing industries and promote the establishment of other business ventures.
Yero also urged the delegates to visit the Tomato Processing Company in Ikara, Sugar Company in Makarfi and Kachia Ginger Company as they had high potentials for them to invest in. Courtesy Business News