ISLAMABAD – American Biomedical Engineering Company will set up first evermanufacturing unit of biomedical equipment in Allama Iqbal Industrial City(AIIC), a prioritized Special Economic Zone of Faisalabad Industrial EstateDevelopment and Management Company (FIEDMC) under CPEC.
American Biomedical Engineering Company Director Dr Usman Mustafa called onFIEDMC Chairman Mian Kashif Ashfaq here on Monday,” said a press releaseissued here on Monday.
At the early stages, this American company will manufacture only thosebiomedical products or disposables which are being used for heart surgeryor its treatment and later, in next stage, heart stents and other latestmedical equipment will also be manufactured here to meet the local needs.
FIEDMC Chairman Mian Kashif Ashfaq said Pakistan will be in a position tosave millions of rupees foreign exchange in wake of import of thesebiomedical equipment and this will also ultimately lead to self-reliance inmedical sector besides enabling our industry to export it to othercountries too.
He said after installation of this unit, the price of biomedical equipmentwould be slashed remarkably in local market which will helpful for theneedy patients too.
He said a research center will also be established in FIEDMC withcollaboration of this American company which will open new doors to medicalresearch in Pakistan.
He further said FIEDMC will also provide all available facilities to thisAmerican Biomedical Engineering Company for installing its unit and theobjective behind offering free of cost land is to lay foundation ofbiomedical engineering in Pakistan so that it would help developing medicalsector to meet the challenges both at local and international levels.
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Mian Kashif further said investors from across the globe will pumpinvestment in different projects of FIEDMC in coming days so that we canpromote industrialization in Pakistan in accordance with the vision ofPrime Minister Imran Khan.
He also emphasized that local manufacturers, industrialists and investorswould be provided equal opportunities and a level playing field too. “Wewelcome new players to join this huge market for developing collaborationsin different areas as it will be a concrete step towards buildingpartnership,” he added.
He said industries operating in the FIEDMC will have an immediate access tohigh-quality infrastructure, un-interrupted power supply, public facilitiesand support services along with simpler ease of doing business.
Later, Director American Biomedical Engineering Company visited AllamaIqbal Industrial City along with FIEDMC Chairman Mian Kashif Ashfaq. DrUsman expressed his satisfaction over the pace of development undergoing indifferent zones of FIEDMC and congratulated Mian Kashif Ashfaq formaterializing the dream of this mega project.
Dr Usman further assured all cooperation for promoting biomedicalengineeringin Pakistan as par international standard.
