TUSDEC

TUSDEC roots of instigation links back to the Prime Minister's Directive in October 2004 to set up an implementing Institution in order to materialize the aim of Technology Up-gradation in the key industrial sectors of the country. Following the verve of value addition TUSDEC has been incorporated in 2005 as a not for profit, guarantee limited company, a wholly owned subsidiary of Pakistan Industrial Development Corporation (Pvt.) Ltd. (PIDC). Since then TUSDEC is being successfully managed by a public-private partnership with its 2/3 board members from private and 1/3 from public sector. The organization was entirely funded by Government of Pakistan with a paid up Capital of Rs.150 Million which is further divided into 15 Million shares of Rs. 10 each... TUSDEC was incorporated in 2005 as a not for profit, guarantee limited company under section 42 of the Companies Ordinance, 1984, a wholly owned subsidiary of Pakistan Industrial Development Corporation (Pvt.) Ltd. (PIDC).

Primary location: Karachi