The Punjab government has constituted the Board of Management (BoM) for the execution of development works/up-gradation of infrastructure in small Industrial Estate-I, Gujrat.
Gujrat Chamber of Commerce and Industry (GCCI) President Qamar Zaman Gill has been appointed the president of the board while Adnan Naseem Sethi, president SIE Association, Gujrat, Mazhar Warriach, Nazim UC-56 Gujrat, Director (ED&W), Punjab Small Industries Corporation (PSIC), Lahore, Regional Director PSIC, Gujranwala and Chief Executive Officer (Designate), Small Industrial Estate-I, Gujrat have been named as members of the board.
Sources told Business Recorder here on Wednesday that initially, the tenure of the Board of Management is two years. For development works, all types of facilities/assistance will be provided by PSIC on full time basis, the sources added.
They said a flexible and liberal industrial policy has been introduced to promote industry in the province. The provincial government was trying to minimise the interference of government departments in the industrial sector in order to ensure a pressure-free environment for business community. "The government is keen to enlarge the industrial base," the sources said.
Sources also said the Punjab government has initiated restoration of various industrial estates in the province in collaboration with the private sector through the Punjab Industrial Estates Development and Management Company. The restoration of the industrial infrastructure through public-private partnership was launched from Multan with Rs 100 million on experimental bases.
The venture is being expanded to other areas. Industry, services and agriculture are the mainstay of any economy, the growth and resilience of which would increase prosperity, the sources said, adding, competitiveness of industry would increase if the manufacturing costs as well as the costs associated with doing business locally are brought down. The manufacturing costs, including financing cost, are generally managed well by industry.