Stone laid for Rs 100-mn project at SITE Superhighway

Karchi: Sindh Industries Minister, Rauf Siddiqi has said that industrial estates across Sindh are being developed at par with international standards to provide conducive business environment to investors. 'This will not only encourage the local entrepreneurs to set up new industries in Sindh but also attract foreign investment,' he said while speaking as chief guest at a stone laying ceremony of Rs 100 million project at SITE Superhighway.

He said the Government is striving to alleviate unemployment through massive industrialisation and inauguration of this project was in line with the government's commitment to provide world class infrastructure and facilities for local and foreign investors.

Siddiqui said the government has framed a business-friendly scheme under which, investors will not need any prior approval, sanction or NOC for setting up an industrial project in the province. He described security as prime concern behind construction of boundary wall around Phase-I SITE Super Highway.

In the initial phase, the Minister informed SITE Super Highway Association Office, along with a mosque, a 50-bed hospital and a Fire Brigade Station will be constructed under public-private partnership within 18 months.

While briefing about current status of other development projects, he said that over Rs 350 million are being spent on 53 new schemes while 23 schemes are under execution at various estates of SITE Limited and 33 new schemes for Karachi were in the pipeline.

The Minister also said Sindh government has set up four Development and Management Companies with an investment of Rs 1 billion, which would take up infrastructure development in industrial enclaves of Landhi, Korangi, Federal B Area and North Karachi.

He also said that six schemes at SITE Super Highway Phase-l would be completed at a cost of Rs 32.2 million. These includes construction of road costing Rs 21 million, construction of building at Rs 9.2 million and street light on various roads at a cost of Rs 2 million. The Secretary SITE Ltd, Managing Director, SITE Ltd besides Mehtabuddin Chawla, Jamshed Chandiwala and other dignitaries were also present on the occasion.