LAHORE: Chinese company has begun construction on a ceramics factory on 37 acres of land with an investment of $70 million in Bhalwal Industrial Estate near Sargodha.
The unit, being constructed by the Oral Ceramics, is expected to begin operations by March 2020.
Punjab Industrial Estates (PIE) Chairman Nabeel Hashmi said the PIE has fetched its first direct foreign investment, which is very encouraging.
PIE has developed and currently manages Bhalwal Industrial Estate and eight other industrial parks across Punjab.
The completion of the project will help reduce import of ceramic tiles and other products and generate employment opportunities in the area, Hashmi said.
The federal government recently upgraded Bhalwal Industrial Estate and two other estates in Rahim Yar Khan and Lahore to special economic zones.—Staff Reporter
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