There is vast scope of joint ventures between Hungary and Pakistan in the field of Agriculture, Food and Dairy industry: Hungarian Fact Finding Mission

Lahore, April 12, 2016 (PPI-OT): There is vast scope of joint ventures between Hungary and Pakistan in the field of Agriculture, Food and Dairy industry. It was observed by a Hungarian Fact Finding Mission led by Mr. Zsanett Ducsai-Olah, Chief Executive Officer of the Hungarian National Trading House today at a meeting with Mr. Muhammad Alamgir Chaudhry, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA).

The meeting held at head office of SMEDA was also attended by Mr. Hassanien Javed, Provincial Chief SMEDA-Punjab, Mr. Sheharyar Tahir, Head External Relations Department and a number of the senior officials of SMEDA. Whereas the Hungarian Delegation was accompanied by Mr. Istvan Kovacs, Commercial Cousellor, Embassy of Hungary in Islamabad.

Prominent amongst the stakeholders of the industry invited by SMEDA from private sector on this occasion were Mr. Rehmatullah Javed, Mr. Khalid Mehmood, Mr. Ahsan Mustafa Bajwa, Mr. Muhammad Ramzan, Mr. Husnain Atta and Mr. Zeshan Ali.

The Leader of the Hungarian Mission told that his government was keen to promote business relations with Pakistan. He said that Hungary was ready to transfer modern technology into Pakistan through joint ventures in the SME sector. He marked the food processing industry and the Dairy sector as the high potential areas for collaboration and said that transfer of technology from Hungary in these sectors could add value to the food and dairy products, which could help capture a large segment of export market for Pakistan.

Earlier, Mr. Muhammad Alamgri Chaudhry, Chief Executive Officer of SMEDA, in his address of welcome, apprised the delegation about the potential of Agriculture, food processing, Dairy and the Livestock sectors. He told the sectors had expanded to the optimal level in Pakistan during last couple of years because of the development interventions undertaken by SMEDA. He thanked the Hungarian Embassy to bring fact finding mission to Pakistan. He urged to continue such visits to review the joint venture opportunities also in other potential sectors of industry in Pakistan. He assured of the best possible facilitation to the Hungarian embassy to enhance collaboration between SME sectors of Hungary and Pakistan.

Earlier, the delegation took a round of the nearby industrial area and visited Gourmet and Alico Units. The delegation got impressed of the standard being maintained in the industrial units and acknowledged that by adding the modern technology, Pakistan’s food industry could compete its counterparts at world level.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
4th Floor, Building No. 3, Aiwan-e-Iqbal Complex,
Egerton Road, Lahore
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7

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