KARACHI - Sindh Board of Investment Chairman Muhammad Zubair Motiwala has said that Livestock, Dairy, Fisheries and Agriculture (LDFA) sectors have huge potential, which so far have not been explored to its optimum level.

He said in this connection the SBI is holding exhibition/ seminar on January 28-29, 2012 at Expo Center Karachi, in which efforts would be made to attract local as well as foreign investors in the LDFA sector.

He hoped that seminar will attract business to the tune of Rs 1,000 million. LDFA-2012 is to create awareness among the masses particularly among local people about the value added agro- based product diversity.

The Chairman Sindh Board of Investment explained that main objectives of the event were to bring government and investors on one platform for the development of these sectors and to produce exportable surplus by introducing state-of-the-art facilities for livestock, dairy, fisheries, poultry and agriculture.

He briefed the media about the Sindh Enterprises Development Fund (SEDF) which was providing financial subsidy to enterprises, which were looking forward to upgrade from basic skills to modern technology or set up Greenfield projects in agro-processing, dairy, livestock, poultry, fisheries, floriculture, storage and cold chain, mining and processing of minerals, energy (use of solar, bio-gas and wind as a source of energy).

Chairman explained that after successful event of LDFA-2011, which was attended by more than 40,000 visitors and witnessed business of Rs400 millions. This year’s event, apart from livestock, dairy, fisheries and poultry also includes agriculture sector as well. The event is being held in active collaboration with Agriculture and Livestock & Departments of the provincial government.

Main objective of the event is to uplift the life of rural population by bringing urban investments in various agri related sectors.

It was also informed that agriculture is the backbone of the economy of any agrarian country and Sindh government is taking all sorts of measures to bring in the technology and high efficiency in this sector. He said that government’s focus is to bring in the efficiencies in all areas of value chain including pre and post harvest management. LDFA is a unique initiative of SBI to highlight various important players in the value chain.

Secretary Investment Younus Dagha explained that on the sidelines of the main exhibition and seminar this event also includes Horse and Cattle show, Bird Show, Ornamental Fish Exhibition, Dog and Pet show and Flower show for the attraction of common visitors. He said that livestock contributes approximately 54 percent of the value addition in the agriculture sector and shares 14 percent of the GDP. He further elaborated that dairy and livestock sectors have been the mainstay of the progressive economies of the world. Pakistan in general, Sindh in particular has immense potential for modern and technology intensive practices. Livestock Department is developing a state-of-the-art exclusive dairy and livestock economic zone at Bhambhore. There has been a recent trend of businessmen diversifying into non-conventional yet vital sectors such as dairy and livestock.

Through LDFA-2012, the government was trying to showcase the potential and opportunities available in this sector.