Punjab government has identified human capital development as the single most important factor for increasing economic growth in the province and considered the provision of quality education, which also includes technical and vocational skills, as the prime building block in the formulation of productive human capital.
In this respect, Punjab government has established a large number of technical institutes under TEVTA with the aim of skill development of the Punjab workforce focusing on developing skills useful for employment in industries, sources said, adding: "The provincial government will also support public-private partnerships to support HR development and skills training programmes."
Punjab Chief Minister Sardar Usman Buzdar said that new industrial policy will augur well for the people by generating 1.2 million job opportunities. Through this policy, working capacity of 0.5 million workers will also be enhanced.
The CM maintained that the government is striving for a 10-percent average annual increase in industrial-growth. Setting up of small and medium size industry will be encouraged by the government under a loan support program, as it will generate employment opportunities, he added.
He reiterated that interests of the traders and industrialists will be safeguarded and necessary incentives will be given to them because development of the national economy is directly linked with the strengthening of trade and industry. He said that business-related facilitations will be provided through business registration portal and one window centres will be set up for facilitating traders and industrialists.
The CM said that Allama Iqbal Industrial Estate will be established in Faisalabad where an industrial hub will be set up on an area of 3317 acres with an amount of Rs 23 billion.
He said that nine industrial centres will be established on 10,000 acres of land to promote the industry in the province and added that necessary steps are being taken in this regard. Along with it, 150 acres of land has been provided in Gujranwala while 63 acres of land is arranged in Wazirabad for setting up small industrial estates, he said.
Sardar Usman said that 6000 citizens will get different types of job opportunities due to direct investment of six foreign companies.
He said that the Punjab University of Technology will be established in Rasool area of Mandi Bahauddin with an amount of Rs 2 billion. Moreover, 7000 graduates of TEVTA institutions will be given interest-free loans, he added.
The CM said in a statement that the mission of setting up of a welfare state has been started and the target will be achieved soon.
He said that the protection of rights of the citizens and their welfare is the responsibility of the state.
"The government is following the agenda of public welfare under the vision of Prime Minister Imran Khan. The government wants to do a lot for the welfare of the needy segments of the society and the purpose of Ehsas Programme is to heal the pain of the people," he added.
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