Lahore: Mr. S.M. Tanveer, Chairman Punjab Industrial Estates termed the Phase II of Multan Industrial Estate as the new milestone in the Industrial Development Era of the Southern Punjab.
He stated this after inauguration of the Phase 11 of Multan Industrial Estate by CM Punjab Mian Shahbaz Sharif here. Mr Tanveer thanked the Chief Minister Punjab on sparing some precious moments out of his important activities, to participate in the ceremony. Chairman PIEDMC told him that the new Phase, comprised of 667 acres, has been fully equipped with the all basic Infrastructure facilities like Power, Water and Gas etc. at the cost of nearly 1500 million, while total capital is generated by the company itself without putting burden on the national economy.
Chairman PREDMC also told that the multinational beverage companies like Coca Cola and Gourmet have started huge investment in setting up their latest plants in the new Phase of the Estate.
Punjab Industrial Estates Development & Development Company has also completed the Feasibility for 12 more Industrial Estates in the province which will result into a Network of such modern Estates in the Punjab.