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Punjab to revive closed industrial estates

LAHORE: Punjab Caretaker Industries Minister Khawaja Jalaluddin has said the province attaches priority to reviving 70 per cent redundant industrial estates, established specifically for small and medium enterprises, and providing entrepreneurs one window facility to deal with all the departments.

Speaking at a function organised by the Federation of Pakistan Chambers of Commerce and Industry, he said the caretaker set-up would continue with the agenda pursued by the previous government, but would also avail itself of the opportunity to initiate some steps for the benefit of industries.

For instance, he said, a 32-acre land was allocated in the Multan Industrial Estate for establishing a workers’ colony, adding the Punjab government would build the colony to enable skilled labourers to live near the industries they were working in.

He said houses would be rented out to the industries which could allot them to their workers. Provision of land in other industrial estates would also be explored as at present only the Sundar Industrial Estate had that facility, he added. He said shortfall in cotton production was the main reason for the textile crisis in the country, adding cost of cotton in spinning was around 70 per cent of the total.

He said the government would take urgent steps to introduce BT cotton seed immediately from original manufacturers and continue local research as well which might take some time to produce results. FPCCI President Tanvir Sheikh urged the minister to take immediate remedial steps for the revival and improvement of textile, leather and dairy sectors.

Sorce: Business Recorder

Punjab to revive closed industrial estates
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Punjab to revive closed industrial estates
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