ISLAMABAD: The government is setting up two Industrial Parks in Karachi and Lahore for textile and engineering equipments to promote country’s exports. The first- called Korangi Creek Industrial Park-is being set up in Karachi while Rachna Industrial Park is being established at Sheikhupura Road, Lahore by National Industrial Parks Development and Management Company (NIPDMC).
Official sources at NIPDMC on Sunday said, in addition, the government of Punjab initiated a project close to Lahore on motorway. This project is called Punjab Garment City Industrial Estate and would provide an opportunity to garment industries for taking advantages of the GSP+ facilities.
Highlighting the details of proposed Industrial Parks and Estate Zones, the sources said in Korangi Creek Park, the garments and value added textiles clusters in Low Density Zone (LDZ) is consisted of around 19 acres which is 18 per cent of the total saleable area of 103 acres.
They said this cluster has been successfully sold to industrialists who would be setting up manufacturing units in the weaving, garments and home textile sectors etc.
Light engineering cluster consists of around 26 acres of the total saleable area of 103 acres in the LDZ. This cluster has been successfully sold to auto vendor, lighting equipments, steel fabrication, collapsible tubes and plastic items etc manufacturers.
The sources said Rachna Industrial Park on Lahore Sheikhupura Road is being set-up in area of over 174 acres to accommodate small and medium scale industries, scattered in and around Lahore and adjoining cities of Sheikhupura District for the Light Engineering, Auto parts Industries, Textile and other sectors.
Rachna Industrial Park will be first of its kind, focusing on Light Engineering, Auto Vending Industries in the area because there are around 500 Auto Vendors scattered in and around Lahore and adjoining cities like Gujranwala, Sialkot, Wazirabad and Sheikhupura.
The manufacturers like Honda Atlas, Millat Tractor, Rustam Sohrab Cycle and vendors associated with them are also based on Lahore-Sheikhupura Road.
It will provide an excellent platform for systematic and orderly industrial growth.
Development work at Rachna Industrial Park and its Access Road is in progress and a good interest has been shown by Light Engineering, Auto Parts, Textile and other industries to buy a plot in Rachna Industrial Park to set up units there.
With regard to Garment City, the sources said it is hoped that this industrial estate will get special economic zone status by the federal government.