Chinese company starts construction of Ceramics manufacturing unit
The first foreign ceramics factory has started construction of one of its kind ceramics unit with an investment of $70 million in Bhalwal Industrial Estate, which is managed by Punjab Industrial Estates.
According to Punjab Industrial Estate Development and Management Company, (PIEDMC) Chairman Nabeel Hashmi, the company has allotted 37 acres of land to a prominent Chinese company. This ceramics unit is expected to become operational by March 2020.
He said that PIEDMC has fetched its first direct foreign investment during the second year of PTI government, which is very encouraging. More development opportunities in the near future are expected, as PIEDMC has already been providing facilities to investors on a large scale. The company under one window service center would provide all services to the investors and industrialists within the stipulated time.