Punjab Small Industries & Export Corporation limited was set in 1962 with the objective of supporting the individual in his endeavor to set up his own industrial unit. And help him and the small-scale industry to grow in Punjab. Today PSIEC Ltd. has grown to become a Rs. 2000 million profit making corporation, with committed workforce of about 1000 people. With growing interests in infrastructure development, distribution of raw materials, promotion of exports from state, providing marketing assistance to small scale industries & show casing & developing handicrafts through training & marketing finished products. As PSIEC Ltd. moves hand in hand with the individual in the 21st century, it envisages a border role for itself in laying the infrastructure for the industrial development in Punjab.
Development of industrial infrastructure
PSIEC Ltd. has been acting as a Catalyst & springboard for all round development and promotion of industries in Punjab through the development of Industrial infrastructure, namely Industrial Focal Points(IFP) ranging between 50 acres to 500 acres of land at various towns and cities of Punjab. Therefore to facilitate the spirit of industry, PSIEC Ltd. provides self sufficient industrial focal points. These industrial hubs, consist of developed plots equipped with power substations & distribution networks, telecommunication facilities, residential area for workers, common effluent treatment plants and parts for the clean environment.
PSIEC Ltd. has a distribution network of raw materials across Punjab. It is the handlig agency of SAIL, MMTC, IISCO, HZL, HCL. It is also First State Corporation to get itself accredited by Joint Accreditation system of Australia and New Zealand (JAS-ANZ) under ISO-9001.