Punjab Industrial Expo 2015: Apparel park expected to attract $2b, says official

PIEDMC chief says event will highlight province’s potential.


Our Correspondent April 04, 2015
PIEDMC chief says event will highlight province’s potential. CREATIVE COMMONS

LAHORE:


The Punjab apparel park is expected to attract investments worth $2 billion, said Punjab Industrial Estate Development and Management Company (PIEDMC) Chairman S M Tanveer.


The official was speaking at the inaugural ceremony of the Punjab Industrial Expo 2015 on Saturday.

“We are committed to strengthen the industrial roots of Punjab,” he said. “Apart from the Apparel Park in Sheikhupura, the PIEDMC is working on establishing three other industrial estates in Punjab, which will provide employment opportunities to thousands of people.

“This year’s show is even bigger, both in terms of turnout and the companies’ participation,” he said, adding that foreign companies and delegates are participating in the Expo along with many leading industrial groups.

PIEDMC-led Punjab Industrial Expo 2015 is focusing on highlighting the potential of Punjab’s industrial base besides putting forward the provincial government’s determination to ensure growth of its industrial economy.

Renowned national and multinational companies in various categories including FMCGs, automotive, pharmaceuticals and electronics are participating in the exhibition. As per the expectations of the management, over 100,000 visitors including foreign delegates are expected to visit the Expo daily, which will consequently help companies increase their customer base.

Special facilities have been established to guide foreign companies interested in investing in the industrial sector of Pakistan.

Published in The Express Tribune, April 5th, 2015.

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