By M.A Rashid
FAISALABAD: Faisalabad Dyes & Chemicals Merchant Association (FDCMA) must contemplate and launch joint ventures for the manufacturing of dyes and chemicals locally while FCCI could help them to double their volume of business by establishing a bonded warehouse under FIEDMC, said Dr. Khurram Tariq President Faisalabad Chamber of Commerce & Industry (FCCI).
Talking to a delegation of FDCMA, he said that dyes and chemicals were being manufactured in Karachi but its local production is imperative as Faisalabad is the main consumer of these items. He said that joint ventures could also help develop downstream industry in addition to creating new job opportunities for the unemployed youth.
He offered FDCMA to help it in getting industrial plots or dedicating a complete zone for the manufacturing of dyes and chemicals in M3 and Allama Iqbal Industrial Estates. He requested Jawad Shafique, President FDCMA to pinpoint his core issues so that FCCI could play its role in resolving the same with their active help and support.
He particularly mentioned tariff related issues and said that he had vision to establish a bonded warehouse in industrial estates. “It would not only resolve supply chain problems of importers but also facilitate industrialists to improve their cash flow”, he said and added that a huge capital is stuck up in the shape of paid duties which could be utilized to increase the volume of their businesses. He also thanked FDCMA and assured them of a meaningful and result oriented struggle to resolve their genuine issues.
Earlier Mr. Jawad Shafique President FDCMA introduced his association and said that it has 375 members which is a mix of importers, manufacturers and traders. He termed FDCMA as the backbone of the textile industry and said that 70% of raw material is imported through its members and hence, we must launch joint ventures for the manufacturing of dyes and chemicals at the local level.
He appreciated the God-gifted capabilities of Dr. Khurram Tariq and hoped that he would bring a positive change in the industrial, business and commercial sectors of this city. He also assured full support to Dr. Khurram Tariq in identifying and resolving the issues of the business community from the platform of FCCI.
Dr. Sajjad Arshad Senior Vice President, Muhammad Aslam Bhalli Vice President, former President Atif Munir, Shabbir Hussain Chawala and other members also addressed the function while patron of FDCMA Mr. Ayub Sabir offered vote of thanks.
