3,000 acre of land to be provided for Gwadar Industrial Zone expansion

QUETTA: The Balochistan provincial government would provide 3,000 acres of land for expansion of Gwadar Industrial Zone in order to make it functional, Secretary Industries and Trade Noor Muhammad Jogezai said on Wednesday.

The provincial government was taking practical steps to give incentives to investors and industrialists to develop industries and enhance its activities, he said while chairing a meeting of the Gwadar Industrial Estate and Development Authority. Besides protection of investment, industries 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 utilised for any other purpose.

He said all the hurdles in the way of the development of the industrial zone would be removed.

Jogezai said 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.