The Punjab Industrial Estates Development and Management Company (PIEDMC) in the Punjab province of Pakistan will develop a garment city in order to revitalise the garment industry. The garment city will be established in about 400 to 500 acres of land close proximity to Lahore. This proposed industrial estate would provide modern infrastructure.
The company is in process of constructing five other industrial estates in the province. The estates would make the garment sector more competitive and help accelerate manufacturing capacity.
PIEDMC was established in 2003 with a public-private partnership to achieve orderly, planned and rapid industrialization. The main objective is to develop a chain of new industrial estates along with upgrading existing ones in a dynamic and innovative manner by providing solutions to the problems of prospective entrepreneurs. Its mission is to provide world class quality infrastructure, environment, confidence and freedom for local and foreign investors to enhance their business activities.
In Punjab, the company’s policy of creating modern industrial infrastructure has generated more than 80,000 new jobs and attracted billions of rupees in fresh investment in Lahore’s Sundar Industrial Estate. PIEDMC has started to take efforts to get the status of special economic zone for all its industrial estates in order to expedite industrialization.