Auto Parts Technology Park to be set up: Aslam

LAHORE: Provincial Minister for Industries and Commerce Mian Aslam Iqbal has said that Auto Parts Technology Park would be set up on nine acres of land in Quaid-e-Azam Business Park, Sheikhupura.

He said this while chairing a meeting held to review performance of PIEDMC, progress on the ongoing schemes and implementation strategy of new schemes. He observed that the technology park would have product designing, training centre, parts manufacturing unit, testing and other facilities. He said that the Punjab government had paved the way for the industrial revolution by setting up new industrial zones in the province. Colonization of industrial estates can accelerate economic growth, so PIEDMC should focus on colonization of industrial zones, he said.

Aslam Iqbal said that Sundar Industrial Estate was being expanded to facilitate the industrialists and increase investment. He directed that the land acquisition model for the extended project should be made in consultation and PC-I of new schemes would be completed by July 15, 2021.

The security of Chinese and other foreign investors should also be further improved. He directed the authorities concerned to start development work in Chunnian Aqua Business Park. The minister said that Bahawalpur industrial estate would be inaugurated after Eid. Sundar-Raiwind and Manga-Raiwind roads will be widened to improve traffic flow in Sundar industrial estates.

PIEDMC Chairman Syed Nabeel Hashmi said that development work in Quaid-e-Azam Business Park Sheikhupura would be completed by December 31, 2022 and Rs2,950 million would be spent on development work in the industrial zone in the new financial year. Industry Secretary Wasif Khurshid, Punjab Board of Investment and Trade CEO Dr Arfa Iqbal, Economic Adviser Javed Iqbal, PIEDMC CEO and other officers concerned attended the meeting.