He said that improvement in investment climate in Punjab has resulted in multinational invest in industrial estate constructed by the Punjab Industrial Estates in Multan and Lahore. He said that top ten ranked multinational companies were already working in Sundar Industrial Estate and now a US-based multinational company will be investing at Multan Industrial Estate. He disclosed that a US-based multinational soft drinks co has chalked out a plan to invest Rs 8b in its proposed plant at Industrial Estate Phase II. The said firm has bought 34 acres in which it would setup seven line production facilities to provide all their products under one roof.
The PIE Chairman told when the provincial government handed over this old project to Punjab Industrial Estates Development and Management Company in order to revive industrial activity, it was not functioning properly.