Punjab Industries and Trade Minister Mian Aslam Iqbal has said that the PTI government has laid the foundation of industrial revolution by setting up new industrial zones across the province. He expressed these views while chairing a departmental meeting here on Monday. He further said that the biggest industrial estate of the country is being set up in south Punjab; "industrial estate being set up on 20,000 acres of land at Layyah-Muzaffargarh Road will change economic conditions of the region".
According to him, the Quaid-e-Azam Business Park is being set up in Sheikhupura and Prime Minister will soon lay its foundation stone. More than US $1 billion investment will be made in this business park being set up on 1550 acres of land. Two hundred thousand employment opportunities will be generated with the setting up of industrial units in this business park.
"Moreover, industries are being set up expeditiously in industrial zones being set on more than 9000 acres of land at Faisalabad and more than $2 billion investment has been made so far while investment agreements of more than $1 billion have been made with foreign investment companies. Around 450,000 employment opportunities will be created with the process of industrialization at Allama Iqbal Industrial City Faisalabad," he added.
He said that it is a noble service to create employment opportunities for the downtrodden segments of society and the Punjab government is adhering to its policy for generating employment opportunities through industrialization. "A policy has been formulated to ensure 100 percent colonization of industrial estates," he maintained.
He further said that an exit policy has also been chalked out to set up industrial units on plots being vacant for long in these industrial estates. "The Punjab Small Industries Corporation has set up 24 small industrial zones in big cities of the province and livelihood of thousands of families is linked with these small industrial estates," he added.
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