Punjab Chief Minister Chaudhry Pervaiz Elahi inaugurating first phase of M-3 Industrial City Faisalabad at a local hotel said that with investment of $10 billion, largest industrial estate in the country was being established. He said the industrial estate was being made on 4500 acres. The CM also on the occasion announced establishing of IMAX theatre in Faisalabad.
The CM said the industrial estate would create job opportunities indirectly or directly for four million people. The CM disclosed that every year 7,00,000 new jobs were being created in the province.
Punjab CM said that with 528 acres were kept exclusive for Chinese investors in the industrial estate. He said separate zones were being established for foreign investors in the new industrial area. Pervaiz Elahi speaking about establishing of industrial units in the estate said that small and big 1,000 new industrial units would be established in M-3 Industrial City Faisalabad.
Punjab Chief Minster speaking about Sundar Industrial Estate on the occasion said it was an exemplary model of establishing of industrial estate in the Province. Punjab CM said that provincial government had allotted 13 kanal land in the heart of Faisalabad city for establishing of Faisalabad Institute of Textile and Fashion Design. He said land had also been provided in the City for construction of EXPO Centre.