KARACHI - The Sindh Investment Conference 2010 held Saturday got warm welcome from the foreign as well as local investors as six Memorandums of Understanding (MoUs) were signed with foreign investors to execute projects in energy and other sectors. The mega event, organised by Sindh Board of Investment held at local hotel, was well attended by the foreign and local investors, industrialists and foreign diplomats. The Governor of Sindh Dr Eshratul Ebad inaugurated the first session, while Sindh Chief Minister Syed Qaim Ali Shah was the chief guest in concluding session. According to the organisers, the Sindh Investment Conference 2010, the first of its kind in the history of this province where Sindh Board of Investment (SBI) presented investment opportunities in the multifaceted economy of Sindh. Basically, the aim of the event was to highlight and provide investors, businessman and above all the people of Pakistan with the tremendous opportunities to explore Sindhs competitive advantages and to provide a platform to interact and generate ideas with the Government of Sindh and potential investors to promote and implement investment in Sindh. At the end of the conference, six Memorandums of Understanding were signed between Sindh Board of Investment and number of companies. SBI signed first MoU with Dutch company TransAtlantic, which aims to establish wind power plant to produce 36MW electricity, while the foreign company will make investment of $86 million in this project. The second MoU signed with a private company, Iran-Pak Wind Power Limited to establish wind power plant at Thatta district, while third MoU was inked with Germany based company Azur-Solar, under which foreign firm will establish solar plant at Dhabeji, Bhimbhor and Education city Karachi to produce 50MW electricity. However, the SBI also inked another MoU with Zarai Tarqiati Bank limited, which aims extending financing for the agro processing projects in Sindh by Agricultural Bank. Another MoU inked between SBI and PASDEC to establish Marble City at Nagarparkar and Karachi, where marble and granite processing facility will also be established. The Chief Minister of Sindh Syed Qaim Ali Shah addressing at concluding session of conference said the Sindh government much impressed with the output of the conference as six MoUs have been signed with foreign and local investors. The people who invested their money abroad, most of them coming back to country, he said and offered them to invest in Sindh as lot of opportunities available to invest in Karachi and rest of areas of the province. Replying to the investors, who made cry for the hurdles being created by Board of Revenue in allotment of land to them, Chief Minister said that on the pattern of Thar Coal Energy Board, a single window facility will be available for investors for land allotment. However, Advisor to Prime Minister on Finance and Revenue Dr Hafeez Shaikh, in his brief live video speech from Islamabad, praised the efforts of Sindh government on convening of such mega event. He said that federal government will facilitate investors to invest in Sindh, adding that Sindh Government and investors can contact with him in this regard. Sindh Governor Dr Ishratul Ebad, who was chief guest in first session of the conference, said that lot of opportunities available for investors to invest their money in Sindh. He emphasised for the one window facility for the investors. Former Governor of State Bank of Pakistan Dr Ishrat Hussain praised the governments initiative of Benazir Bhutto Youth Development Programme. He too stressed for establishing economic zones and land availability for the different sectors. Federal State Minister for Investment Saleem Mandiwala said that federal government has planned number of incentives for the investors such as import of duty free machinery and income tax waiver off for five to ten years for new economic zones in Pakistan. Advisor to Chief Minister on Investment and Vice Chairman of Sindh Board of Investment Zubair Motiwala said that Sindh Board of Investment to provide facilities to the investors. He also highlighted the opportunities available for investment in agriculture, fisheries, livestock, energy and other sectors in Sindh. Provincial Secretary of Agriculture Agha Akhtar Jan said that if Sindh and Pakistan to progress, we will have to improve our agriculture. Secretary SBI Muhammad Younas Dagha, Ms Naheed S. Durrani, Asim Siddiqui, Laiq Ahmed Memo, Aijaz Ali Khan, Karim Nurmohamed, Waqas Qureshi and others shared their views on public private partnership, Thar Coal, investment opportunities in fisheries, agriculture, livestock and other sectors.