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Tuesday, 22 October 2013

UNIDO establishes investment promotion unit in Lahore

LAHORE, 22 October 2013 - The United Nations Industrial Development Organization has established an Investment Promotion Unit (IPU) in the Pakistani city of Lahore and resumed its activity in SMEDA (Small and Medium Enterprises Development Authority), the premier institution of the Government of Pakistan under the Ministry of Industries, as agreed between the Governments of Italy and Pakistan.

The joint UNIDO-SMEDA-Italy Programme, financed by the Italian Ministry of Foreign Affairs' Italian Development Cooperation and implemented by UNIDO, aims to increase the number of industrial projects implemented in Pakistan through business-oriented cooperation with foreign partners, in particular from Italy.

UNIDO is supporting the IPU in Lahore to improve services and consultancy for Pakistan’s  business support sector.

At a meeting held at the SMEDA headquarters in Lahore today, the steering committee, chaired by Ahmad Nawaz Sukhera, CEO of SMEDA, with the participation of Monica Carco, Chief of UNIDO’s Investment and Technology Unit, and representatives of Italian Development Cooperation, discussed the work plan for the joint project and granted approval for its implementation.

UNIDO will organize awareness seminars in Lahore to present the Organization’s Subcontracting Partnership Exchange Platform (SPX) and the UNIDO Investment Promotion Methodology to local SMEDA staff and other stakeholders.

In addition, with the participation of Artigiancassa S.p.A, an Italian bank under the umbrella of the BNL Group, a training course will be organized in Lahore that will offer an introduction to financial schemes with a focus on guarantee funds and project appraisal. Throughout the course, local beneficiaries will work closely with Artigiancassa experts to learn more about the best practices of Italian (national and local) guarantee schemes.

For more information, please contact:

Dino Fortunato

UNIDO expert

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