The Punjab government has advanced loans amounting to Rs 1,010.784 million for setting up 1231 industrial projects in different industrial towns of Punjab. Reliable sources told Business Recorder here on Saturday that the accomplishment of these new industrial projects would generate employment opportunities for the skilled, seem skilled and educated people in the Punjab.
The present government had concentrated and working on to bring about an industrial revolution for ensuring strong industrial base. In addition to this, the government was actively considering establishing "Enterprises Development Organisation" shortly in the Province. The prime concept of the proposed enterprise development organisation was to organise the cottage industry and to provide solid footing to the artisans in the Province.
Under the programme, special steps would also be taken for providing facilities to the artisans to promote local products and to provide technical assistance and marketing facilities to the cottage industry and artisans in the Punjab.
The programme would not only encourage cottage industry but also enable the artisans to produce local products using their skill and help in increasing their income.
Sources further revealed that under a phased programme 50 Cluster Development Centres of Technology Upgradation Centres would be set up in different major industrial cities of Punjab.
Under the programme product development centre for composite based material for Sports goods industry (Sialkot), Business Support Centre for Electrical fittings Industry (Sargodha), Wood Furniture Facility Services Centre and showroom (Chiniot) and Support Centre for Development of Auto parts (Lahore) would be accomplished in the current year.
Similarly, the establishment of Cluster Development Centre for Metallurgy casting die and agriculture (Daska), Cluster Development Centre for Technology of Domestic Electrical appliances (Gujranwala), Cluster Development Centre for Development and Promotion of Light Engineering Industries (Multan) and Cluster Development Centre for Light Engineering Industries special focus on Textile machinery & spare parts in Faisalabad had been included in current annual development programme and work these clusters would be carried out soon sources said.
The step was being taken to provide maximum assistance and extending support to upgrade technology for the business communities engaged with these business, sources added.
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