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PARC inaugurates Business Incubation Centre

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PARC inaugurates Business Incubation CentreIslamabad: PATCO is working on its mandate to promote the Research based products of the agriculture scientists and to commercialize these technologies with the support of private sector on the public private partnership. In connection with this vision, the PARC has setup “Business incubation Centre (BIC)” at Bard yard NARC.

The Worthy Chairman PARC Dr. Muhammad Azeem Khan inaugurated the Aqua PARC plant & PARC Bakery processing Plant in the new established PARC- Business Incubation Centre (BIC). The Inauguration ceremony was attended by the high officials of the PARC, including Chairman PARC, Member (Natural Resources) Dr. Sarfraz Ahmad, DG. NARC, Engr. Shamu ul Sibtain Shah and CEO PATCO Dr. Muhammad Amjad, Secretary PATCO Dr. Tariq Sultan and other officials of the PARC and the Private sector Partners Mr. Waseem Abbas Aulakh.

While addressing the audience the Chairman PARC emphasized that Agriculture production should also be backed by the value addition of the various produce including the dehydration of the vegetables and fruits for the export purpose in the high end markets. Under the Umbrella of this Business Incubation Center several research based interventions would be launched. Recently, two research based initiatives have been started at the Business Incubation Centre (BIC). The PARC Aqua Plant which is equipped with the Automatic water filtration and packaging plant, is installed in the Business Incubation Centre. This activity will provide high quality drinking water to the community and would be jointly run on the public private partnerships model. Similarly, for the production of quality bakery products, the PARC Food processing plant (PARC Bakery) has also been setup in the same Centre and this will run on the commercial basis in collaboration with the S&S solutions. Both of these activities are expected to generate the job opportunities for the skilled and unskilled manpower. These initiatives will help to generate the revenue for the sustainability of the institute and to support the research and development activities in the centre.

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