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Monday June 24, 2024

CDA hosts open house event on IT Park project

By Our Correspondent
May 16, 2024
CDA Chairman Muhammad Ali Randhawa, along with representatives from various IT organisations pose for a group photo at an event on May 14, 2024. — Facebook/Capital Development Authority - CDA, Islamabad
CDA Chairman Muhammad Ali Randhawa, along with representatives from various IT organisations pose for a group photo at an event on May 14, 2024. — Facebook/Capital Development Authority - CDA, Islamabad 

Islamabad:The Capital Development Authority (CDA) and the Pakistan Software Export Board (PSEB) jointly hosted an open house event to unveil their plans for an IT park in Islamabad.

Attended by key stakeholders from the IT industry, the event emphasised the pivotal role of IT parks in driving innovation, economic growth, and technological advancement in the region. CDA Chairman Muhammad Ali Randhawa, along with representatives from various IT organisations, including Member Technology and Director PSEB, shared their insights and perspectives on the significance and potential of the proposed IT Park. Randhawa, affirmed the commitment of the authorities to collaborate with industry stakeholders, regulatory bodies, and investors to ensure the successful establishment and development of the IT park. “The CDA is dedicated to providing the necessary infrastructure and regulatory support to make the IT park a nucleus of innovation, creativity, and economic prosperity,” he emphasised.

He further stressed the importance of creating a dedicated space for technology-based businesses, startups, and professionals to collaborate, innovate, and flourish. Member Technology underscored that the proposed IT park in Islamabad is a strategic initiative that will attract investment, create job opportunities, promote research and development, and contribute to Pakistan's digital transformation. Director PSEB highlighted the pivotal role of IT parks in enhancing the country's IT exports, global competitiveness, and supporting the growth of the IT industry.

The open house event included site discussions and visits, providing attendees with insights into the vision, objectives, and timeline for the IT park project. Participants engaged with industry experts, government officials, and potential collaborators, exchanging ideas and exploring partnership opportunities. The proposed IT Park in Islamabad aims to create a dynamic ecosystem fostering entrepreneurship, technology-driven solutions, and sustainable growth in the IT sector. It is set to become a landmark initiative in Pakistan's journey towards becoming a leading hub for technology, innovation, and digital transformation.