October 2004
Set up an implementing Institution to fulfill the aim of upgrading technology in key sectors
- TUSDEC be created as a guarantee limited company, wholly owned & funded by GoP
- TUSDEC be managed by private sector with 2/3 board members from private and 1/3 from public sector
- TUSDEC CEO from private sector
- TUSDEC to establish:
- Technology Upgradation Centres (TUC)
- Common Facilities Centres (SDC)
- Design Centres
- Support Centres
- Maintenance Centers
- TUCs be vehicles for technology acquisitions
- TUCs be run by cluster based public/private partnership
- SDCs be dovetailed with TUCs
- Skill Development initiatives included in critical areas to be monitored
TUSDEC
- A Company set up under section 42 of the Companies Ordinance, 1984
- Incorporated on 24 Jan 2005 as Guarantee Limited Company having share capital
- A ‘Not for Profit’ Public/Private Partnership
- Wholly owned subsidiary of Pakistan Industrial Development Corporation (Pvt.) Ltd. (PIDC).
- Paid up Capital Rs.150 Million divided into 15 Million shares of Rs.10 each
