Under CPEC: Punjab shortlists industrial estates

The provincial government of Punjab has shortlisted as many as 7 existing and 11 potential industrial estates for investment under China-Pakistan Economic Corridor (CPEC).
According to documents available with Business Recorder, the provincial government shortlisted 7 existing industrial estates including (i) Quaid-i-Azam Apparel Park (QAAP) on Motorway M2, Sheikhupura, 1,536 acres land, preferred investment Build-Operate-Transfer (BOT)/ Joint Venture (JV), (ii) Rahim Yar Khan Industrial Estate on N-5, 462 acres land, plots available, (iii) Bhalwal Industrial Estate, 20 minutes from Motorway M2, 445 acres, plots available, (iv) Vehari Industrial Estate, 40 KM from N-5, 240 acres, plots available, (v) Chunian Industrial Estate, Chunian Bypass Road, 282 acres, preferred investment BOT/JV, (vi) Bahawalpur Industrial Estate, on N-5, 485 acres, preferred investment BOT/JV and (vii) M3 Industrial City Faisalabad, Motorway M3, 4,056 acres, plots available.
The potential Industrial Estates for BOT/JV investment whose feasibility study has been completed are: (i) Rawalpindi Industrial Estates, N-5 (State + Private Land), area 450 acres, (ii) Gujrat Industrial Estates, Bhimber Road (State + Private Land), 288 acres, (iii) Faisalabad (Pansara Gojra Road) (State Land), 105 acres, (iv) Dera Ghazi Khan (near Airport) (State Land), 50 acres, (v) Bhakkar (Jhung Bhakkar Road) (State Land), 300 acres, (vi) Jhang, (a). Shorkot (Shorkot Gojra Road) (State Land), 175 acres (b). Jhang (Gojra Bypass Road) (State Land), 150 acres, (vii) Wazirabad (G.T. Road Wazirabad) (State Land), 300 acres, (viii) Sahiwal (Chak no. 86/9 L) (State Land), 375 acres, (xv) Okara (Depalpur Okara Road) (Private Land), 200 acres, (x) Chakwal (Near Balkassar Interchange M2) (Private Land), 400 acres and (xi) Any Specific Areas Identified by Investors for Industrial Estate.
The government would provide one-window facility operation, 100 percent foreign equity allowed, remittance of capital, profits and dividends allowed, international arbitration enforcement, dedicated force for security and emergency/medical coverage. It would also give incentives of exemptions on customs duties for initial import of capital goods, machinery and equipment for establishment of Industry, 10 years income tax exemption, dedicated power supply for Special Economic Zone (SEZ), modes of development: public, private and public-private partnership and dduty free access into the European Union countries. The government would promote Punjab Industrial Estates Development & Management Company. Punjab Board of Investment & Trade, Punjab-China Bureau: facilitation to Chinese businesses and Special Economic Zone Authority Punjab (SEZA).