The prices of land in the industrial estates in Pakistan are lesser than neighbouring developing countries and South Asian countries like Thailand, China and India.
The price per acre in Thailand is more than Rs 10 million, and the same level of price is prevailing in other neighbouring countries against the cost of per acre land in the Sundar Industrial Estate is Rs 3.5 million.
Punjab Industrial Estate Development and Management Company (PIE) Chairman Mohsin Syed stated this on the conclusion of his five-day official tour of Thailand, says a PIE press release issued here on Tuesday.
Talking about facilities made available to the industries set up in industrial estates in Thailand, Mohsin said the Thai government has provided 5 to 8 years income tax holiday and on import of all raw materials rate of customs duty is one to 2.5 percent besides the rate of corporate tax is 30 percent, whereas it is 35 to 43 percent in Pakistan.
He said these incentives have attracted the foreign investment in Thailand, and urged Pakistan government to follow this so as to attract foreign investment in the country.
He also said the Sundar Industrial Estate would provide maximum incentives to upcoming industrialists, and stressed that there should be a 30-year master plan where investors should avail unchanged policies so that they may work in a conducive atmosphere.