LAHORE, Aug 04: Lahore Chamber of Commerce and Industry (LCCI) and Defence Export Promotion Organization (DEPO) inked a Memorandum of Understanding (MOU) to cooperate in Defence and Defence Production sectors here at LCCI on Saturday.
LCCI President Malik Tahir Javed and Brigadier Waheed Mumtaz signed the document while Senior Vice President LCCI Khawaja Khawar Rashid and Vice President Zeshan Khalil were also there. By signing the document, both organizations have entered into a pact to jointly capitalize on emerging opportunities in defence sector.
LCCI President Malik Tahir Javed said that cooperation between the two organizations was aimed to increase value addition within the country in manufacturing and long-term support for defence sector.
It would also help open new vistas in both the Defence and Defence Production sectors.
MoU would also pave way for cooperation in Research and Development (R&D). LCCI and DEPO would act as joint venture partners for organizing Suppliers and Vendors exhibition (SAVDEX).
The MoU is the way forward to meet the growing demands of the Defence Industry. With the vast experience and expertise in defence sector of DEPO and LCCI, it is sure that together the both organizations can address the needs of the Pakistani defence market as well as explore export markets of various products/systems of mutual interest,” Brigadier Waheed Mumtaz said.
