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MoU inked to ensure marble industry growth


8/22/2017

LAHORE - The Lahore Chamber of Commerce & Industry (LCCI) and Pakistan Stone Development Company (PASDEC) on Monday signed a Memorandum of Understanding (MoU) to ensure growth of marble and stone industry on sustainable basis.

PASDEC CEO Zahid Maqsood Sheikh and LCCI Acting President Nasir Hameed Khan inked MOU in the presence of Provincial Minister for Mines & Minerals Chaudhry Sher Ali and LCCI Standing Committee on Marble Industry Convener Chaudhry Khadam Hussain. Mines & Minerals Secretary Dr Muhammad Arshad, Executive Committee member Zeeshan Khalil and Mehboob Sirki also spoke on the occasion.
 
On the occasion, the minister said that the efforts are afoot for the development of mines and minerals sector of Punjab and special attention is being given towards technological advancement and old techniques are being replaced with the new ones.
 
He said that mining sector is being developed in consultation with stakeholders as its efficiency is need of the hour. He said that MoU between LCCI and PASDEC should be translated into agreement.
 
The LCCI acting president said that Pakistan is one of the top mineral extractors of marble and granite in the world. He said that despite having huge deposits, the country’s exports of marble and marble products are not up to the mark. He said that the government should remove the constraints faced by the marble and stone industry to ensure sharp increase in its exports.
 
He said that major obstacles hindering the growth of mining industry are dearth of value addition, outdated quarrying techniques, latest technology and lack of infrastructures etc that must be focused by the concerned authorities. He said that MoU between the LCCI and PASDEC will certainly help flourishing this important industry.
 
The PASDEC CEO said that collaboration between the two organisations will help developing marble and granite sector of Punjab. He said that Pakistan Stone Development Company develops marble and granite sector through implementation of modern quarrying methods and will provide all necessary technical support in planning, development and execution of mechanised quarries, processing facilities and skill development. He said that PASDEC will provide complete sources with technical assistance, if the investors/business community is prepared to come forward on production side for boosting the exports of marble and granite.
 
LCCI Standing Committee on Marble Convener Ch Khadam said that Pakistan is blessed with finest quality marble but lack of modern technologies for cutting, finishing and grading is coming in the way. He said that Italy has the best technologies for promotion of marble sector while Italian businessmen are also keen to start joint ventures with their Pakistani counterparts that would also help transferring technology. He said that these measures can help value addition of marble that would help earning precious foreign exchange.
 
Source: The Nation