3,000 Acre Of Land To Be Provided For Expansion Of Gwadar Industrial

QUETTA,(UrduPoint / Pakistan Point News - 20th july,2016) : Balochistan provincial government would provide 3,000 acre of land for expansion of Gwadar Industrial Zone in order to make it further functional, Secretary Industries and Trade, Noor Muhammad Jogezai said on Wednesday. The provincial government was taking practical steps to give incentives for investors and industrialists to develop industries and enhance its activities, he said while chairing a meeting of Gwadar Industrial Estate and Development Authority. Besides protection of the investment, the industrial would be allotted land on proper price and soft conditions, he added. The Secretary said, the real estate activities should be discouraged in the Industrial Zone, adding, the plots allotted for setting up of industries should not be utilized for any other purpose.

He said, all the hurdles in the way of the development of the industrial zone should be removed. Jogezai said, the industrialists should be assured that the government was in favour of development of industries and revival of sick industrial units. He said, possible tax exemption would also be ensured for the industries, adding the development of industrial zone would help ensure employment opportunities for thousands of people which would prove a milestone for the development of the province as well as the Makran belt. He also directed to further improve the master plan and make the Gwadar industrial zone functional aimed at speeding up industrial activities there. It was also decided to shift the office of the industrial zone from Karachi to Gwadar to enhance industrial activities at the industrial zone.