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Quaid-e-Azam park could generate $4 bn in apparel exports
28
Dec '16
The Quaid-e-Azam apparel park is expected to generate $4 billion in apparel exports annually after it is fully operational. The park is all set to replace the Sundar Industrial Estate as the flagship project of Punjab Industrial Estates Development and Management Company (PIEDMC), said Rizwan Khalid Butt, the new chairman of the organisation.

Butt also said that the Quaid-e-Azam apparel park is solely designed for apparel export and a number of Chinese firms are interested in investing in it. He added that the completion of this park is a challenege for him and his top most priority.

The park covers an area of over 1,500 acres along the Lahore-Sheikhupura motorway and its plots will be sold on a first come first serve basis. The time frame for setting up production units will be 6 months, said Butt.

Around 1,000 acres of land within the park will be provided to production units of knitted or woven garments. Each unit will get a 10-acre plot. The rest of the space will be utilised for service area. (KD)

Fibre2Fashion News Desk – India


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