Karachi, June 06, 2018 (PPI-OT): Chairperson Sindh Board of Investment Ms. Naheed Memon said that establishment of Barkat Frisian Pasteurised egg plant in collaboration with Dutch Company in Bin Qasim industrial park is a sign of trust of international companies on Pakistan’s economy. This she said while presiding over a meeting regarding Barkat Frisian Pasteurised egg company plant in which representatives from local Company Barkat and its Dutch counter part were present while representatives of Sindh Enterprise Development Fund (SEDF) and Mezan Bank were also present.
Chairperson SBI Naheed Memon said that SBI supports entrepreneurship, innovation and foreign technology collaboration which are all necessary ingredients for setting up modern industry and creating jobs. The meeting was briefed that Frisian Egg is a Netherlands based multinational egg processing company, setting up Pakistan’s largest egg processing factory in collaboration with a Pakistani Partner. This will be first of its kind of factory in Sindh. The factory is expected to start commercial production by the end of this year.
On this occasion Naheed Memon was informed that in this project of Frisian Pasteurised egg plant, Barkat company contribute with their own investment of 10 Crore rupees while its Dutch counter part will contribute investment of Rs. 7.5 Crore. Mezan Bank will provide Rs 12.5 crore loan for this project besides Sindh Enterprise Development Fund (SEDF) will provide Rs.20 million as interest (KIBOR) rate subsidy on the loan.
On this occasion Chairperson SBI Naheed Memon said that through this Joint venture of a local company with a Dutch company, modern technology will introduced in the province through which local poultry industry will get incentives and employment opportunities will also increase in the province.
The meeting was briefed that in this friasian pasteurized egg plant the latest technology of separating egg yolk from egg white and then preservance of egg yolk and egg white from three weeks upto one year will be possible. The products will be pasteurized which will be lead to food safe egg products to be used by local food and confectionery companies.
Eggs from Pakistan will be exported after processing which will help farmers in Sindh to get better price for eggs. The egg shell and egg membrane which will be a bi-product of this process will also be used in Pharmaceutical and cosmetics industries which is an additional incentive of this plant. The meeting was attended by officers from Barkat Frisian pasteurized egg company, representative from Dutch counter part company. Officers of SEDF and Mezan Bank were also attended the meeting.
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