Provincial government ensures provision of 3,000 acre land for expansion. PHOTO: FILE
QUETTA: The Balochistan government has agreed to provide 3,000 acres of land for the expansion of Gwadar industrial zone in order to make it further functional, said Industries and Trade Secretary Noor Muhammad Jogezai on Wednesday.
Chairing a meeting of the Gwadar Industrial Estate and Development Authority, he said that the provincial government was taking steps to offer incentives to investors and industrialists.
Besides protection of investment, industrialists would be allotted land on fair price and soft conditions, Jogezai added.
“Real estate activities should be discouraged in the industrial zone,” said the secretary, adding that the plots allotted for setting up industries should not be utilised for any other purpose.
“All hurdles in the way of development of the industrial zone should be removed.
“The industrialists should be assured that the government is in favour of development of industries and revival of sick units.”
Tax exemption in offing
He said that possible tax exemption would also be ensured for the industries, adding that the development of industrial zone would help ensure employment opportunities for thousands of people, which would prove to be a milestone for the development of the province as well as the Makran belt.
Jogezai directed further improvements to the plan and urged swift work on the Gwadar industrial zone.
It was also decided to shift the office of the industrial zone from Karachi to Gwadar in a bid to enhance industrial activities in the zone.
Published in The Express Tribune, July 21st, 2016.
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