ICCI calls for re-allocation of I-17 Sector to set up new Industrial Estate in Islamabad - Press Release issued by Islamabad Chamber of Commerce and Industry.

Islamabad -- May 28, 2020 (PPI-OT)

Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)

Quote

Muhammad Ahmad Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) has called upon CDA to re-allocate Sector I-17 for establishment of new industrial estate in Islamabad that would boost industrial development in the region and create jobs. He said that there was no scope for setting up new industry in the existing industrial estates in Islamabad. He said that Prime Minister Imran Khan had announced new incentives for the construction industry that would also be beneficial for establishment of new industrial estate in the federal capital, which was the dire need of the hour.

Muhammad Ahmed Waheed said that about 10 years ago, an industrial estate was announced in Sector I-17 of Islamabad and for this purpose the locals were paid the price of land but due to some unknown reasons I-17 The sector has been de-notified for industrial estate. However, this move has disappointed the potential investors who were interested in setting up new industries in Islamabad.

ICCI President said that an industrial zone has also been proposed to be set up in Islamabad under CPEC project but the CDA has made an excuse that it does not have space to set up an industrial zone in...

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