Foreign buyers from over 50 countries have expressed keen interest in defence products manufactured by both local and foreign companies participating in Ideas-2012, the country's largest mega event displaying military equipment. During the 2nd day of the exhibition Thursday, a Chinese defence firm Novinco signed a Memorandum of Understanding (MoU) with Heavy Industries Taxila (HIT) for mutual co-operation and trade in defence products.
The agreement was signed by Lieutenant General Ayaz Saleem chairman HIT and Wang Li, vice President Novinco. According to sources, Pakistan for the first time was going to import Mine Resistant Ambush Vehicles. Poly Technologies of China a prominent company dealing with advanced equipment and technology will be providing the important vehicles (which were also displayed here in the exhibition) to Pakistan. The vehicle was designed to provide secured transportation for combat personnel and material especially under the threat of anti-tank mines. Besides it will also be beneficial for performing anti-terrorism and anti-riot mission.
Besides, China Shipbuilding Trading Corporation (CSTC) will also be providing four new ships to Pakistan Navy this year. During the exhibition, visitors, mainly foreign buyers, shown keen interest in the locally produced defence equipment as well as products displayed by foreign firms. Around 209 firms were exhibiting their products of which 135 were foreign while 74 were Pakistani forms.
Majority of the spaces were booked by companies from Turkey, China, North America, South America, Europe, Asia and Far Eastern countries. All the industry giants of Pakistan including Pakistan Navy, PAC Kamra, POF, DGMP, HRI -PAF MT Dte, Procon Eng, Alsons, GIDS, Karachi Shipyard and others were there at Expo Center Karachi. Talking to Business Recorder, Muhammad Naveed, director, Sure Nice Trader, said that the gloves jackets and others goods of security and defence purposes were being exported to many developing countries. A representative of Siddiqsons Limited at the company's stall said the company has received good import orders from Iran and some other Middle Eastern countries. The company, according to him was also going to export uniforms, tents, bullet-proof jackets and others to Iraq and Libya as new emerging markets. Afghanistan was also being targeted for the company's products.
Visitors mainly locals also found much interest in the locally produced drones of 'Integrated Dynamics' by a Pakistani firm which deals in aerospace and robotic systems, apparently because of the drone attacks by US in Pakistan. Though the small drones were only capable of monitoring and intelligence services, people wanted to have information about the products, technology and usage. Raja Sabri Khan, Chief Executive of the company, however informed that drone was the merging technology in the world. Though Pakistan was also exporting the monitoring/intelligence based drones to US, Australia and some European countries, its share in the over $12 billion worth global market/trade of the new technology was highly negligible. He however said that the small drones could be used by law enforcement agencies for monitoring, surveillance purposes with comparatively very less expenses as compared to the huge cost made by existing techniques and equipment/appliances.
Along with the exhibition, seminars on "Pakistan's success during war on terror," "asymmetric threat and response," " Preparing for the unknown-quick and effective emergency response from the TRI services," and "increased role of armed forces in nation building," were also held in fours sessions at the expo center on Thursday where prominent experts retired army officers and foreigners have addressed the visitors/participants.
The agreement was signed by Lieutenant General Ayaz Saleem chairman HIT and Wang Li, vice President Novinco. According to sources, Pakistan for the first time was going to import Mine Resistant Ambush Vehicles. Poly Technologies of China a prominent company dealing with advanced equipment and technology will be providing the important vehicles (which were also displayed here in the exhibition) to Pakistan. The vehicle was designed to provide secured transportation for combat personnel and material especially under the threat of anti-tank mines. Besides it will also be beneficial for performing anti-terrorism and anti-riot mission.
Besides, China Shipbuilding Trading Corporation (CSTC) will also be providing four new ships to Pakistan Navy this year. During the exhibition, visitors, mainly foreign buyers, shown keen interest in the locally produced defence equipment as well as products displayed by foreign firms. Around 209 firms were exhibiting their products of which 135 were foreign while 74 were Pakistani forms.
Majority of the spaces were booked by companies from Turkey, China, North America, South America, Europe, Asia and Far Eastern countries. All the industry giants of Pakistan including Pakistan Navy, PAC Kamra, POF, DGMP, HRI -PAF MT Dte, Procon Eng, Alsons, GIDS, Karachi Shipyard and others were there at Expo Center Karachi. Talking to Business Recorder, Muhammad Naveed, director, Sure Nice Trader, said that the gloves jackets and others goods of security and defence purposes were being exported to many developing countries. A representative of Siddiqsons Limited at the company's stall said the company has received good import orders from Iran and some other Middle Eastern countries. The company, according to him was also going to export uniforms, tents, bullet-proof jackets and others to Iraq and Libya as new emerging markets. Afghanistan was also being targeted for the company's products.
Visitors mainly locals also found much interest in the locally produced drones of 'Integrated Dynamics' by a Pakistani firm which deals in aerospace and robotic systems, apparently because of the drone attacks by US in Pakistan. Though the small drones were only capable of monitoring and intelligence services, people wanted to have information about the products, technology and usage. Raja Sabri Khan, Chief Executive of the company, however informed that drone was the merging technology in the world. Though Pakistan was also exporting the monitoring/intelligence based drones to US, Australia and some European countries, its share in the over $12 billion worth global market/trade of the new technology was highly negligible. He however said that the small drones could be used by law enforcement agencies for monitoring, surveillance purposes with comparatively very less expenses as compared to the huge cost made by existing techniques and equipment/appliances.
Along with the exhibition, seminars on "Pakistan's success during war on terror," "asymmetric threat and response," " Preparing for the unknown-quick and effective emergency response from the TRI services," and "increased role of armed forces in nation building," were also held in fours sessions at the expo center on Thursday where prominent experts retired army officers and foreigners have addressed the visitors/participants.
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