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[Pakistan] SITE to establish Indus Technology Park
SITE to establish Indus Technology Park
RECORDER REPORT
KARACHI (July 1) : The Sindh Industrial Trading Estate, (SITE) Ltd.
is to establish Indus Technology Park at an initial cost of Rs 150
million at Site Super Highway Estate behind Gulshan-e-Maymar to train
graduates in software and to increase Pakistan's share in software
exports. The Site Ltd. has earmarked 50 acres of land for the park.
Revealing plan for the Indus Technology Park, Mir Hussain Ali,
Managing Director SITE Ltd. told a Press briefing at a local hotel on
Tuesday that the idea of technology park had been conceived following
the success of such parks in India, Malaysia and Singapore. It will
provide turnkey solutions to all the software technology needs under
one roof.
He said that the park would be notified as an Export Processing Zone
to avail of all the facilities and concessions under EPZ Scheme.
Besides, the incentives and facilities allowed by the Pakistan
Government under the policy framework and incentives package for
software and related services will also be available to the park.
A managing committee under the chairmanship of industries secretary,
has been constituted to monitor the execution of the scheme. The
committee also includes representatives of EPB, EPZA, Site
Association of Industry, and representatives of various software
companies involved in information technology. Further an executive
committee has been constituted under the chairmanship of managing
director, Site Ltd, to facilitate the establishment of this park.
Elaborating main objectives of the Indus Technology Park, Mir Hussain
Ali said that it aimed to promote software exports from Pakistan; to
bring Pakistan's name on the international information technology
(IT) map; and enable the talented youth to develop their skills and
to provide facilities and incentives of international standard to
investors under one roof.
Copyright 1999 Business Recorder (www.brecorder.com)
http://www.brecorder.com/story/S0011/S1102/S1102106.htm
