Cheap energy imperative for industrial growth: FCCI

FAISALABAD: Cheap, environment friendly and renewable energy is imperative for sustained industrial development however; we must take immediate and appropriate measures to increase its production in addition to ensuring its conservation, said Shabbir Hussain Chawla President Faisalabad Chamber of Commerce & Industry (FCCI).

He was addressing the opening session of a 3-day workshop on “Energy conservation and efficiency” specially designed for technical industrial workforce of Faisalabad. This workshop was organized by United Nations Industrial Development Organization (UNIDO) in collaboration with FCCI here on Thursday.

He termed energy as a prerequisite for industrial growth but lamented that its per capita availability in Pakistan is less then India and Bangladesh. He said that during last decade Pakistan was worst hit by the menace of load-shedding and due to this set back, our GDP growth registered is deep decline of two percent.

Published in Business Recorder, 14th July, 2018