ISLAMABAD (APP) - Product competitiveness is the right recipe to make a strong presence in global market which is possible through research and development in the industry, said Yaser Sakhi Butt, president of Islamabad Chamber of Commerce and Industry.

“The research and development could also improve existing processes and reduce cost of production. In developing countries like Pakistan, there should be a strong and powerful swing towards research and product development”, he said in a statement issued here Monday.

Butt said that indigenous research was much needed for creating a strong economic progress and exploiting the full potential of available huge amount of resources to cope up with prevailing economic challenges.

He was responding to the reports that Pakistan trailed behind Turkey and Iran in scientific research publication and ranked 43rd while India ranked 9th worldwide. He said that we should not pursue traditional strategies and move towards research oriented economy for competing in the international market. The ICCI President underlined the need to bridge the gap between academia and industry in Pakistan and said, focusing on research especially in science and technology would help in reducing manufacturing costs, producing better products to make industry more competitive.

Yassar Sakhi Butt said that college and university level encouragement in research and development programs along with chambers would help to develop new technologies and new products. He emphasized that the government should also focus on increasing its exports in the agri-sector through research and developing more varieties of agriculture produce.

He said Pakistan has vast areas of cultivated land but due to conventional way of farming and lack of know-how of modern technology and sowing methods, Pakistan is still unable to increase its per acre yield.

Butt said the government should invest in agriculture research projects to get optimum results and increase exports.