By Asad Cheema
ISLAMABAD: Managing Director, Heavy Mechanical Complex (HMC) Engr. Zaheer Shah has said that the HMC is manufacturing many high value products including sugar and cement plants, oil & gas processing plants, hydropower plants, turbines, high pressure boilers, cranes, overhead pedestrian bridges, steel structures and railways equipment and it is ready for JVs and partnerships with the private sector to harness the potential of local industry for indigenous production of products.
The MD HMC along with his team visited Islamabad Chamber of Commerce & Industry (ICCI) on Thursday and exchanged views with President ICCI Sardar Yasir Ilyas Khan to enhance collaboration with the private sector. Abdul Rehman Khan, Vice President ICCI was also present at the occasion.
Engr. Zaheer Shah said that ICCI should collaborate in connecting the local industries with HMC, which have the potential and capability to join hands with it in production activities. He said that HMC was also working to manufacture heavy duty trucks for the defence sector and would also explore the possibility of manufacturing commercial vehicles at a later stage.
The MD, HMC said that many products of HMC could find a good market in African and other countries and said that ICCI should cooperate in exporting its products to potential export markets. He said that Pakistan’s economic future was linked with industrialization for which consistent policies were needed. He invited the ICCI delegation to visit HMC and see its facilities for exploring JVs and partnerships for the private sector.
Speaking at the occasion, President ICCI Sardar Yasir Ilyas Khan appreciated the contribution of HMC towards industrial development by manufacturing industrial plants and equipment. He said that Pakistan’s industrial sector has great potential to grow, but this potential still remained untapped and unexplored. He stressed that the government should focus on conducive policies and development of modern infrastructure to boost industrialization.
He said that high energy cost in Pakistan was a barrier for industrialization & investment and urged that the government should focus on cheap energy production so that industry could flourish in the country. He said that China and many other countries announced attractive relief packages for their industries to combat the impact of Covid-19 and stressed that the Government of Pakistan should consider deferring taxes and loans of industries and businesses till the issue of Covid-19 was resolved that would help them to survive and revive industrial and business activities.
