Industrial Clusters are basically geographical concentrations of interconnected companies, specialized suppliers, and service providers and associated institutions in a particular field those are present in a country or region faced with common opportunities and threats.
Clusters enhance the productivity and induce competition among enterprises and also encourage the growth of support industries and at the same time improve the skill levels. The development and upgrading of clusters is an important agenda for economic growth in national economies. Handicrafts clusters development initiatives are an important new direction in economic policy in macroeconomic stabilization, privatization, opening of markets, and reducing the cost of doing business.
PSIC proposed a project “Diagnostic study of industrial and handicrafts clusters in Punjab” at a cost of Rs.20 Million.