KARACHI - Federal Secretary  GM Rind officially received approvals of five building plan from CEO Cantonment Board Korangi Creek Rana Khawar.
The approved industrial units include the consumer, food & pharmaceutical, garments/textile, light engineering & packaging & printing. Construction of these industrial units is all set to commence at Korangi Creek Industrial Park (KCIP), taking the city of Karachi in to a new era of economic prosperity by contributing Rs. 40 billion annually to GDP and providing approximately 30,000 direct and 180,000 indirect employments.
The project designed by Jurong Singapore, renowned internationally for their expertise is being developed at an estimated cost of Rs. 3.3 billion which will have an investment opportunity of Rs 20 billion.
The project launched by National Industrial Parks Development & Management Company (NIP) through its own window operation system offers entrepreneurs with guaranteed uninterrupted power supply through 48 MW captive power plant and all essential utilities like water, gas and telecommunication at their doorstep.
The main attraction of this industrial zone is perimeter wall with controlled entry and exit to the complex spreading over an area of 250 acres at Korangi Creek offering a safe and secure environment to the industrialists. To date approximately 75 per cent of the total available plots have been sold-out while a number of applications are still in the pipeline. This shows the confidence that NIP has earned over the years through its hard work, transparent policies and efficient teamwork.