STAFF REPORT ISLAMABAD: In order to slash costs, improve quality and make products competitive in the international market, the government and industry have started working together with the aim of introducing high technology in manufacturing processes.
According to market observers, the initiative seems encouraging and is in line with international trends as many countries, particularly China, spend on science and technology and adopt the latest techniques to make manufacturing processes smarter and produce quality goods.
Most recently, the FPCCI and the Ministry of Science and Technology have signed a memorandum of understanding for encouraging collaboration between state-run science and technology organisations and industry to promote and support technology-based industrialisation in the country.
According to the office bearers of FPCCI, Efforts in this direction will certainly enhance production and exports since those lagging behind may be sidelined in today's world of fierce competition.
“Commercialisation of research output is one of the most effective means to encourage innovation. Though financial and human resources are limited, the country needs joint and concerted efforts in the technological field,” the ministry declared on the occasion of the MoU signing ceremony.
http://www.technologytimes.pk/mag/2011/jan11/issue02/joint_venture_to_promote_high_tech.php
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