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Home Uncategorized

Sindh govt, GCI signs JV for corporate farming of 52000 acres

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January 22, 2024
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Sindh govt, GCI signs JV for corporate farming of 52000 acres

Sindh govt, GCI signs JV for corporate farming of 52000 acres

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After a successful pilot in Punjab Province for Corporate Agriculture Farming, a government-to-government (G2G) Joint Venture Agreement was signed at CM House between the Sindh government and M/S Green Corporate Initiative (Private) Limited, a company under the umbrella of Pak Army for Corporate Agriculture Farming initiative for cultivating available barren land in all the provinces of Pakistan.

This was stated by Minister Revenue Younus Dhaga while addressing a press conference here at CM House. He was accompanied by Minister Law Omar Soomro, Minister Information Ahmad Shah, Major General Shahid Nazeer.

The media was told that this was one of the initiatives under the umbrella of the Special Investment Facilitation Council (SIFC) established under Chapter IIA of the Board of Investment Ordinance 2001 introduced through an Amendment Act of 2023 passed by the Parliament, wherein all the Chief Ministers and Chief Secretaries of provinces have been notified as the members of SIFC Apex Committee and Executive Committee respectively.

The Federal and Provincial Governments, including the then-elected Sindh government, decided to introduce the initiative of Corporate Agriculture Farming (CAF) in all the provinces of Pakistan. Hence, considering an ongoing initiative decided at national and provincial levels, the Statement of Conditions (SoCs) for Corporate Agriculture Farming (CAF) was approved by the Caretaker Sindh government on December 01, 2023, to ensure the continuity of the policy decisions of the previous elected governments both at federal and provincial levels. As a pilot project, concerned Deputy Commissioners have identified some pieces of barren land measuring approximately “52713” Acres, for the pilot project of this initiative i.e., Khairpur 28,000 Acres, Tharparkar 10,000 Acres, Dadu 9305 Acres, Thatta 1000 Acres, Sujawal 3408 Acres and Badin 1000 Acres.

The barren land shall be handed over for 20 years after survey, demarcation and verification that such land is not located in prohibited areas, not under any pending litigations or court orders and also not included in any barrage land grants.

Tags: GCI signs JV for corporate farming of 52000 acresSindh govt

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