Team Of 992 Experts Formed To Promote Quality, Industrial Production

(@FahadShabbir)

Team of 992 experts formed to promote quality, industrial production

ISLAMABAD, (UrduPoint / Pakistan Point News -7th Sept,2016) : Engineering Development board (EDB) has taken onboard a team of 992 experts in 308 fields to conduct activities under its Industrial Research Programme (IRP) launched to promote quality and production.

The experts' team consists of professors, scientists, technologists and researchers (Ph.D and M. Phil) in fields which cover almost all products related to engineering, applied physics and applied chemistry.

Official sources on Wednesday said IRP aims to address industry's technical issues pertaining to product design, development, production process and its materials to foster much-needed innovation in industry to enhance its competitiveness.

So far different industries from sugar, steel re-rolling, surgical, cutlery, fan, automotive vendor, HVACR, electric fittings, etc are availing research and development facilities under IRP, the sources said and added these services are provided on competitive basis, funded purely the recipients.

Giving details about the steps taken by the government to increase industrial production, the sources said due to Zarb-e-Azab and Karachi Operation the law and order situation has been improved and industrial production has been increased and stabilized.

The sources said the government had also decided that all industrial feeders will exempt from electricity load-shedding. Uninterrupted supply of electricity to industrial sector helps boost economy and production.

The other step was that State Bank of Pakistan reduced lending rate to 5.75 percent from 9.5 percent to increase industrial/economic growth in Pakistan. The sources said New Entrant Policy for Motorcycle Industry has also been notified which has paved way for new investment.

Under this policy M/s Yamaha Motorcycle is making investment of US $ 150 million within next 5 years. The other manufacturers in motorcycle industry are also encouraged to make new investment. Moreover, the sources said Automotive Development Policy (ADP) 2016-21 was being implemented under which different incentives have been given to encourage new investors.