PIE speeds up con­struc­tion work of Ve­hari In­dus­trial Es­tate

The Pak Banker - - Front Page -


The Board of Di­rec­tors of Pun­jab In­dus­trial Es­tates has de­cided to speed up the con­struc­tion work of Ve­hari In­dus­trial Es­tate and to com­plete it dur­ing cur­rent fi­nan­cial year at Ve­hari Dis­trict. In a row it is the third In­dus­trial Es­tate, which would be com­pleted dur­ing fi­nan­cial year 2012-13, fol­low­ings Rahim Yar Khan and Bhal­wal In­dus­trial Es­tates in the prov­ince of Pun­jab.

This was stated by Chair­man Pun­jab In­dus­trial Es­tates De­vel­op­ment and Man­age­ment Com­pany while talk­ing to me­dia af­ter the BOD meet­ing. He said that BOD had given go ahead sig­nal to cer­tain mea­sures which would ex­pe­dite es­tab­lish­ment of Ve­hari In­dus­trial Es­tate very soon.

This came in the back drop of Pun­jab Chief Min­is­ter Mian Muham­mad Shah­baz Sharif mak­ing a spe­cial al­lo­ca­tion of Rs. 300 mil­lion for said project the Chair­man PIEDMC re­marked. Chair­man PIEDMC SM Tanveer told that the Ve­hari In­dus­trial Es­tate would be spread over 375 Acres and Govt. of Pun­jab had al­ready pro­vided a state land for this pur­pose. It may be re­called that PIEDMC, which is premier in­fra­struc­ture de­vel­op­ment or­ga­ni­za­tion of the prov­ince, is pay­ing spe­cial at­ten­tion to less de­vel­oped ar­eas and aims to es­tab­lish 36 In­dus­trial Es­tates in the prov­ince. PIE will de­velop In­fra­struc­ture fa­cil­i­ties like roads, elec­tric­ity, wa­ter sup­ply, waste dis­posal sys­tem and in­sist prospec­tive in­dus­tri­al­ists to setup their projects in Ve­hari In­dus­trial Es­tate be­long­ing to sec­tors like Textile units ,Gin­ning, Food Pro­cess­ing, Hand­i­crafts, Shoe in­dus­try, Cottage in­dus­try, Ar­ti­fi­cial Jew­ellery, Agro based in­dus­try, Ware houses, to sup­port in­dus­try of all these stated sec­tors, says Chair­man PIEDMC.

SM Tanveer Chair­man PIEDMC in­formed that all the in­dus­trial units set up at Ve­hari In­dus­trial Es­tate would have in­come tax hol­i­day for one year to the zone de­vel­op­ers and five years to the zone in­vestors. Be­sides that all for­mal­i­ties would be pro­vided through one win­dow op­er­a­tion. He said that the es­ti­mated de­vel­op­ment cost of Ve­hari In­dus­trial Es­tate Phase-I would be Rs. 1,000 mil­lion.

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