The Punjab government is spending more than Rs 160 million during current fiscal year on the upgradation of existing industrial estates of Daska, Gujrat, Gujranwala and Sargodha.
Official sources told Business Recorder here on Sunday that under the programme missing facilities would be ensured in Daska, Sargodha, Gujrat and Gujranwala industrial estates aimed at facilitating the local business community.
Besides this the government has decided to initiate the 'Cluster development' scheme for imparting training and skill development to industrial workers in various trade fields. The step was being taken for the promotion and increasing manufacturing capacity of industrial sector of these cities.
The government has set aside Rs 8 billion for extending loan facilities to SMEs and other interested persons who are willing to start new industrial projects in the province. Under the programme loan facility upto Rs 5 million was available on 8.5 percent mark-up for upgradation of existing industrial units and for setting up new industrial projects in the province, the sources added.