Punjab Minister for Industries and Commerce Mian Aslam Iqbal has revealed that the government of Punjab is planning to set up Auto Parts Technology Park near Lahore in a bid to support the growing industrialization. The new facility will be constructed at the Quaid-e-Azam Business Park, Sheikhupura, a Special Economic Zone (SEZ) of the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) and one of the 8 industrial parks working under the Punjab government.
During a meeting with members of the Punjab Industrial Estate Development and Management Company (PIEDMC), the Minister pointed out that the Auto Parts Technology Park would be established on 9 acres of land and it would facilitate the auto sector in terms of product design, training centers, parts manufacturing, testing and allied facilities.
The industrial park is located near Lahore on the Lahore-Islamabad Motorway. This project was initiated during the previous government’s tenure with the name of Quaid-e-Azam Apparel Park. The name however, was changed during PTI’s tenure and Prime Minister Imran Khan inaugurated the park in July 2020.
The Quaid-e-Azam Business Park would have a combination of different industries including textile, pharmaceutical, plastic, janitorial products, garments, auto parts, cosmetics and cold storage. The minister boasted that the Punjab government had paved the way for an industrial revolution by setting up new industrial zones in the province. He emphasized:
“Colonization of industrial estates can accelerate economic growth, hence, PIEDMC should focus on colonization of industrial zones.”
Auto parts manufacturers said that the country needed such economic zones for the auto sector, but the government should also ensure that the park should not be dominated by Chinese technology only.
Full story: The Express Tribune