Jan 25, 2021 | By PIEDMC

The policy introduced by the Punjab Industrial Estate Development and Management Company to facilitate the establishment of industries in the Sundar Industrial Estate

The policy introduced by the Punjab Industrial Estate Development and Management Company to facilitate the establishment of industries in the Sundar Industrial Estate, to create new jobs, and to accelerate the wheel of economic growth paved the way for a revolution in the industrial sector. The Colonization, Transfer and Non-Utilization Policy was introduced in early 2020 on the direction of the Provincial Minister for Industry and Commerce Mian Aslam Iqbal and Chairman PIEDMC Syed Nabil Hashmi. As a result of this industry-friendly policy of PIEDMC, 71 new industries have been set up in Sundar Estate in just one year in which thousands of new jobs have been created. Relief up to Rs. 50 crore was given in terms of the transfer fee, non-utilization fee, and pending fines. This has not only benefited the economically distressed industrialists but has also helped in resolving disputes and problems that have been pending for many years. Talking to the industrialists about the success of the PIEDMC policy, Chairman PIEDMC Syed Nabil Hashmi said that the purpose of introducing this policy was to achieve the target of 100% colonization in Sundar Estate and provide maximum relief to the owners.





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