LAHORE: The Bhalwal Industrial Estate has become a big attraction for foreign investors due to its strategic location on Lahore-Islamabad Motorway, said Chairman Punjab Industrial Estates Development & Management Company Rizwan Khalid Butt.
He was talking to a group of foreign investors at his office the other day. He told the delegation that Chinese and overseas Pakistanis’ were rating Bhalwal Industrial Estate high for investment because of its short distance from Motorway, which is only five kilometres off the Salim Interchange.
“This site is situated in the middle of Lahore-Islamabad Motorway; therefore, local and foreign investors are showing extraordinary interest,” he added.
In addition, he added, two different investors from the US and UAE, respectively, are planning a plastic factory and a pharmaceutical unit there in near future.
He also informed the potential investors that the Board of Investment (BoI) Pakistan was all set to declare the Bhalwal Industrial Estate a Special Economic Zone. PIEDMC is in process of inviting bids for a grid station at the estate. He hoped that these two steps would attract more investment in future.So far, one hundred industrial plots have been sold out at the Bhalwal Industrial Estate, he added.
The selling spree would boost up further when the repairing of a road linking the site with Salim interchange would be completed. He said 90 per cent of development work has been completed and the remaining 10 per cent would be finished in two months.
The PIEDMC management is also discussing with the Technical and Vocational Training Authority to set up a training institute at the site for equipping local labourers with skills in different industrial disciplines. The management has already allocated a piece of land for this purpose at the site.
