AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

In order to make vibrant economic activities and industrial development there was a great need of setting up more small industrial estates in this export-oriented city and hub of cottage industry of the country.

The Punjab government should take initiatives for the development of industrial estates along with Sialkot-Daska, Sialkot-Sambrial and Sialkot-Pasrur roads to facilitate the exporter community of the area. The government should also take steps for establishing Special Economic Zone (SEZ) for further accelerating the pace of export activities in the area.

Most of the exporters and manufactures and trade bodies' representatives while talking to Business Recorder on Sunday said that the establishment of new estates would be much supportive in reducing the pressure on existing small industrial estate Sialkot as well as provide employment opportunities to the industrial workers at their doorstep that will stop rapid rural migration towards city. Currently a large number of industrial workers belonging to Pasrur, Narowal, Zafarwal, Daska and Sambrial are coming daily to Sialkot for their employment purposes and according to a rough estimate thousands skilled and semi skilled workers were engaged with local industries like soccer ball, surgical instruments, leather, gloves and martial art uniforms manufacturing etc.

The most of SMEs were doing their business in residential area of the city due to lack of proper business locality and the setting up new estates would not only accommodate the SMEs but also vending industry. The functioning of industrial units in residential areas creating certain problems for the dwellers as well as creating serious envionmental issues.

The vending industry is an integral part of export industry and there was a need of providing proper place for further accelerating the business activities in this export city but also accommodating the vending industry.

Punjab Small Industries Corporation (PSIC) should select suitable land for the development of new industrial estates at earliest possible. There was a rapid development of Garments and Sportswear industries in Sialkot but textile industry was confronting with severe shortage of trained skill labour. There was an immediate need of setting up of "Training Institute" for producing skilled industrial workers according to local industrial needs

Local trade bodies have urged upon the government that Sialkot should be declared Export Processing Zone (EPZ) for a considerable increase in export volume. Sialkot is a hub of cottage industry and totally export-oriented city of Pakistan that earning over US 2.50 billion dollars through its exports annually.

In addition to this Vending industry is an integral part of export industry and there was a need of two to three industrial estates in Sialkot not only for further accelerating the business activities for accommodating the vending industry.

At present there is only one small industrial estate in Sialkot and there is immediate need of a well planned small industrial estate with necessary infrastructure because new industrial estate is important to cater the need of small, medium and micro level industry of Sialkot.

Copyright Business Recorder, 2020

Comments

Comments are closed.