NIP developing industrial park at Korangi Creek

Karachi: The National Industrial Parks Development and Management Company (NIP) is in the process of developing Korangi Creek Industrial Park (KCIP) in Korangi Creek.

According to NIP sources, Jurong International Company, Singapore, renowned internationally for their expertise and wide experience in this field has developed the design concept and master plan of this Industrial Park, whereas Nespak has been given the responsibility for subsequent architectural design, engineering services and supervision of this project.

The park will have two zones namely high density and low density zones. The high density zone is reserved for gems and jewellery and IT while the other zone will accommodate garments, food processing, printing/packaging and light engineering.

The Company will establish its own estate management for the maintenance of the park, its utilities, environment and commercial buildings with a view to satisfy customer's requirements, so as to sustain the investment goals of estate owners and occupants.

The second NIP project, Bin Qasim Industrial Park (BQIP) is being set up by the company on a 930-acre land at Pakistan Steel Downstream Industrial Estate in Karachi. NIP entered into an agreement with Pakistan Steel Mills (PSM) for handing over the physical possession of land for developing, marketing and managing of an Industrial Park catering for medium/large entrepreneurs.

The third project Auto Cluster Industrial Park (ACIP) has been planned at Sheikhupura Road in Lahore, which is spread over an area of over 170 acres of land. In this project auto vendors will be provided manufacturing, assembling and warehousing facilities.

The company offers plot sizes ranging from 4 to 16 kanals to the potential entrepreneur. The prime objective of setting up the ACIP is to support just-in-time deliveries to Original Equipment Manufacturers (OEMs) in the vicinity. This would enable the auto manufacturers to increase their production and add revenue generation to the entire supply chain.

Meanwhile, NIP has signed an agreement with Pakistan Stone Development Company (PASDEC) to establish and develop marble cities at Risalpur and Warsak and demarcation of 100 acres of land for marble city, Risalpur has been completed.