Korean firm to bring food-based investments

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A Korean company has expressed its interest to encourage and bring food-based investments in Pakistan. The company agreed to bring investment to Special Economic Zone where the utilities and other requirements are ensured from within by SEZ developer. According to a statement issued by TDAP, the development was made during a meeting held between the Chief Executive TDAP, Tariq Puri and representative of Sojung Cooking and G-Food of Korea on the sidelines of the planning meeting for Yeosu Expo 2012.
Besides that the chief executive also offered to introduce them to parties for their plan regarding green-house farming of red chillies. Sojung Cooking and G-Food plan to visit Pakistan in May 2012 to progress their business plan. The foreign company’s representatives also discussed their plan for growing horticultural products in Pakistan and processing them for value added export of horticulture products particularly rice related value added products and Korean variety of red chillies.