Descon,
one of Pakistan’s leading conglomerates, has officially announced its intentions
to diversify in to agriculture by setting up adivision called Descon Agri
Businesses (DAB). This new venture seeks to innovate and improve upon the
existing farm productivity and agriculture value-chain, helping provide the
nation with nutritious produces and sustained economic growth.
Over
the decades, Descon has led numerous large-scale projects in Construction,
Power-generation, Oil-Refining, Chemicals and other diverse economic-sectors,
in Pakistan and abroad. Its entry in to the agriculture sector is not entirely
without expertise, as the company acquired shareholding in two innovative agriculture-based
enterprises – ‘Vital Agri Nutrient’ (VAN) and ‘Vital Green’ (VG) at the start
of this year.
VAN
is a manufacturer of specialty fertilizers, soil amendments and bio-fertilizers
working with farmers and corporate customers to deliver value-added farming
solutions. VG provides access to credit, quality-inputs, actionable knowledge,
digital tools and market outreach for farmers.
Other
initiatives by Descon in this sector include the construction of a
state-of-the-art fruit, vegetables, spices and herbs dehydration facility to
provide high quality dried products for local and export markets, and a
Himalayan Wellness Company, operational since 2019, exporting Himalayan pink
salt and high-quality raw honey to the far east and other markets.
“Our
entry into this sector seeks to disrupt agriculture value chains through
innovative farming techniques, high-quality produce and greater support to the
local farmer community. Our long-term
goal is to deliver a sustainable
agriculture business, unlocking economic opportunities for the local
communities and our partners along the way,” said Descon Vice-Chairman, Faisal
Dawood.
Utilizing
its expertise in technology and by building potential synergies with agritech
companies, Descon seeks to enable a sustainable future in farming leading to an
increase in food-security, healthy-living and enrichment of local communities.
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