Foreign investment: Turkish company willing to invest in livestock and dairy

Published: January 28, 2013

A three-member delegation of the Turkish firm Aytac Food, headed by its chairman Dursun Uyar, visited the office of the Punjab Board of Investment and Trade. PHOTO:AFP/FILE

LAHORE: A three-member delegation of the Turkish firm Aytac Food, headed by its chairman Dursun Uyar, visited the office of the Punjab Board of Investment and Trade (PBIT) and held talks with PBIT team led by its CEO Javed Akbar about opportunities for foreign investment in Punjab. 

Akbar highlighted the prospects for foreign investors in Punjab especially in livestock and dairy sectors.

He told the delegation that the Punjab government was committed to private sector development and was offering a pro-business environment with a policy framework to generate investment and employment. The PBIT, he said, was willing to offer support to investors eager to invest in Punjab.

Akbar said that the global Halal product market was worth $3 trillion, adding that globally and locally there was a growing demand for certified and hygienic livestock produce. However, the production of processed meat and dairy was unable to keep pace with the growing demand.

The head of the Turkish delegation Dursun Uyar said that their company was willing to invest in the livestock and dairy sectors. The Punjab government’s efforts to promote investment were highly commendable, he added.

Akbar assured the delegation that the Punjab government would provide support to initiate trade projects. He also informed the delegation about the guidance and technical support the PBIT offers to various foreign companies.

Aytac Food was formed in 1993 in Istanbul. The company manufactures biscuits, crackers, cookies, cakes, pies, chocolates, wafers, frozen meat, red meat, water, juice, breakfast, milk, dairy products and many other ready-made food products.

Published in The Express Tribune, January 28th, 2013.

 

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