The Punjab Industrial Estates Development and Management Company (PIEDMC) will set up a facilitation desk for guidance of investors. PIEDMC Chairman Rizwan Khalid Butt said this while talking to a group of investors here on Thursday. The group is planning to set up factories at the PIEDMC-run industrial estates. The desk will be located at Quaid-e-Azam Industrial Estate. “We will guide investors on investment decisions through research-based studies”, he said.
He said investors that PIEDMC had set up eight industrial estates on a total area of 5,000 acres and every acre of land produced 100 jobs on an average which meant the PIEDMC would create 500,000 jobs in the next one-and-a-half years. He said majority of the industrial estates were near completion and now the real challenge was to suggest the investors what type of industrial units they should set up on these industrial estates. He said the PIEDMC would set up one industrial estate in each district of the province to create jobs and give rise to the provincial GDP.
The industrial growth was essential to ensure fruitful results to the economy, he added. He said the PIEDMC was developing business-friendly policies to support the business community by and large besides answering to the issues relating to industrial expansion in the province. He said the PIEDMC was following a multi-tier strategy in the province to promote industrialization to address the issues relating to industrial coding, environmental policy framework, sector clustering, waste management and many more. He said the Punjab government was in the process of formulating a policy framework for industrial networking in Punjab. “The PIEDMC was fully supportive to this initiative in order to facilitate the industrial units set up within the industrial estate premises,” he added.
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