Federal Minister for Maritime Affairs Ali Haider Zaidi has announced that government has granted tax exemption to China Overseas Ports Holding Company (COPHC) for 23 years to facilitate establishment of its industrial units at Gwadar Port. COPHC would get tax exemption for installation of machinery, as a step towards relocation of Chinese manufacturing industry in Gwadar and engaging local labour.
The minister said the COPHC would also set up a desalination plant with the cost of Rs1.95 billion to provide 5,000 gallons of water per day to the people. Mr Zaidi said Pak-China Friendship Hospital would also be established on 68-acre land at an estimated cost of $100 million. Besides, he added, a coal power plant for generating 300MW electricity would also be set up in Gwadar.