The Punjab government has formulated a strategy for setting up maximum number of cottage and small-scale industries, particularly agro-based industries in the province.
Official sources told Business Recorder here on Monday that the government has set aside huge funds for development of small industries to create more employment opportunities both for skilled and semi-skilled persons.
The agro-based industries would be established preferably in remote and neglected areas by giving incentives and concession to the respective areas entrepreneurs. The Punjab Small Industries Corporation (PSIC) would extend full guidance, assistance and loan facilities to the interested businessmen and newcomers for setting up and upgrading their industrial units in the province.
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