Descon diversifies into agri sector, invests in two agri-tech businesses

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Descon is one of the largest conglomerates in Pakistan’s key sectors including Construction, Power-generation, and Chemicals.

In its continuing endeavor to spur economic growth in Pakistan, Descon has signed an investment agreement to acquire shareholding in two dynamic enterprises – ‘Vital Agri Nutrient’ (VAN) and ‘Vital Green’ (VG), as part of its strategy to diversify into the Agricultural sector, which is undoubtedly the backbone of Pakistan’s economy.

Both the companies will benefit from this strategic alignment with an enterprising entity, utilizing the resources and expertise at Descon’s disposal to achieve the next phase of their growth.

Descon seeks to support these two companies and other such businesses in building technology and infrastructure to organize, empower and enhance the quality of lives of millions of Agri value chain participants in Pakistan. In the initial phase, Descon will support VAN and VG in unlocking their growth potential, while synchronizing the supply-chain for value-addition.

Descon Vice-Chairman, Faisal Dawood expressed his pleasure on this alliance, stating, “These strategic investments validate the impact that Vital Agri Nutrient and Vital Green have had so far in agriculture and Descon will assist them in enhancing their impact by providing the required strategic, financial and governance support.

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