Chinese Company Interested In Setting Up Steel Plant In Punjab

A Chinese company expressed interest in establishing a steel mill with a million tons’ capacity in Punjab during a meeting with the Punjab Board of Investment and Trade (PBIT). Officials assured the delegation of safety and security of investment and personnel. The company has been promised easy access to raw materials such as water, limestone and coal as well as a steady supply of laborers and skilled workers who will be trained as per Chinese company’s requirements. The company would also be given a 30-year lease in a mineral rich area with an easy option to keep extending the lease in 10-year installments.