Punjab’s Minister For Industries And Commerce, Recently Told Media That Provincial Government Would Build An Auto Parts Technology Park.
Pakistani auto industry is having an eventful year. New cars launching every week or so, car prices going down in the new auto policy. Here’s another piece of news that will make things great from good. The Punjab government is planning to set up an Auto Parts Technology Park near Lahore. Cheers!
Punjab’s Minister For Industries And Commerce, Mian Aslam Iqbal, Recently Told The Media That The Provincial Government Would Build An Auto Parts Technology Park On Nine Acres Of Land In The Quaid-E-Azam Business Park In Sheikhupura. The Auto Parts Technology Park would have units for product design, training centres, parts manufacturing, testing, and other facilities. The spirit behind this project is to encourage the localization of auto parts in Pakistan so the consumers can enjoy low auto prices and timely deliveries.
Quaid-e-Azam Business Park
The Quaid-e-Azam Business Park is a Special Economic Zone (SEZ) of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) and one of the eight industrial parks working under the Punjab government. It is located on the Lahore-Islamabad Motorway.
The previous government initiated the project of building this park for a combination of different industries, including textile, pharmaceutical, plastic, janitorial products, garments, auto parts, cosmetics, and cold storage. Back then, they called it the Quaid-e-Azam Apparel Park. Later, the PTI government changed its name to Quaid-e-Azam Business Park, and Prime Minister Imran Khan inaugurated the park in July 2020.
A year later, Iqbal, the Punjab Minister for Industries and Commerce, has confirmed nine acres of the Quaid-e-Azam Business Park will be an Auto Parts Technology Park. Upon this news, the auto parts manufacturers said that the country needed such economic zones for the auto sector; however, the government should also ensure that the park should not be dominated by Chinese technology only.
Let’s see when the construction of this auto parts facility starts and how long it takes to set up.
This news was originally published at Pak Wheels.