Saturday, October 13, 2012

Multan Industrial Estate near completion NEWS

The 667 acres Multan Industrial estate, Phase-II is nearing completion and will be ready by December 2012. This was stated by the Chairman Punjab Industrial Estates SM Tanveer that the industrial community has taken keen interest in investing in this estate. The projects restarted in 2011 after allot of efforts and will boost the economy of the area and provide jobs to 65,000 persons.
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.

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