Punjab government has decided to establish three more industrial zones in different districts of Punjab. 2,041 acres have been set aside by the government for establishment of industrial zones in Gujranwala, Gujrat and Sialkot i.e golden triangle of Punjab.
All the presidents of chambers of commerce and industries, commissioner, deputy commissioners and other stakeholders stressed upon the establishment of new industrial estate in each district of Gujranwala division besides one centrally located special economic zone as already established zones are insufficient for their projected growth.
It was decided to establish these economic zones in these areas because the division is the largest administrative civil division of Punjab with over 16 million populations and area of 17,206 square kilometres. The division contributes approximately eight percent to the country’s GDP besides 20 percent to exports and about 40 percent in form of foreign remittances.
The golden triangle has strong base for industrial manufacturing goods for national and international markets. Indigenous products like sports goods and apparel, surgical instruments, leather products, cutlery, ceramic ware, sanitary products, metal processing, switch gears and transformers, pumps and motors, articles of plastic and PVC, fans, carpets and furniture etc have great potential for exports.
Rs 500 million has been allocated for the establishment of these industrial zones and acquisition of land.