100 per cent colonization of 23 small industrial estates govt policy

MD Punjab Small Industries Corporation Jamil Ahmed Jamil and Director Khalid Rehman called on Provincial Minister for Industries & Trade Mian Aslam Iqbal at his office Thursday to brief about the colonization of small industrial estates in the province.

The minister emphasised that 100 per cent colonization of 23 small industrial estates is a governmental policy adding that PSIC Small Industrial Estates Policy 2019 was formulated for this purpose and a package worth 5.8 billion was also offered to the allottees while offering an incentive of 50 per cent discount in non-constructional charges for establishing industrial units at vacant plots.

Similarly, a soft loan facility has also been offered under Punjab Rozgar Scheme to establish industrial units in small industrial estates, he added.   The minister said new small industrial estates will also be set up in DG Khan, Mianwali, Jhang, Sahiwal, Mandi Bahauddin, Sialkot, Lahore Motorway, Sargodha and Khewra along with the establishment of Sialkot Surgical City. The government has introduced a composite policy to promote industrialization for increasing gross domestic products through poverty alleviation, he added.

MD PSIC Jamil Ahmed Jamil informed that 100 per cent colonization has been completed in 14 small industrial estates and 503 industrial units were being established at 557 plots in different small industrial estates.