Universal Packages is building a plant in KCIP
, investing Rs600m in packaging industry.
The NIP Board has given its approval for setting of a 48-MW gas-fueled power facility for KCIP
in recent times and asked to bring the facility online in part wise.
As soon as the industrial units established at KCIP and start production, this industrial zone alone will start contributing Rs40 billion annually to GDP and provide approximately 30,000 direct and 180,000 indirect employments.
Irresistible investment opportunities are available for different sectors including Gems and Jewellery, Information Technology and Software Development at KCIP.
While describing the salient features of KCIP project he said it was launched by NIP with guaranteed uninterrupted power supply through 48 MW captive power plant and all essential utilities like water, gas and telecommunication at their doorstep.
KCIP will have its own estate management for maintaining the estate under Board of Management of resident industrialists.
KCIP foresees its customers initiating construction of their industries soon.
It must be noted that BQIP and KCIP
have been setup over 1,200 acres of land in the Pakistan Steel Downstream area and in Korangi Industrial Area respectively.
As soon as the industrial units, which include consumer, food warehousing/logistics and pharmaceutical, garments/textile, light engineering, packaging and printing established at KCIP
start production, this industrial zone alone will start contributing Rs40 billion annually to GDP and provide approximately 30,000 direct and 180,000 indirect employments.
The establishment of KCIP therefore was the need of the hour.
Earlier addressing the guests, Chief Executive Officer of NIP, Mohsin Syed, said that for the first time NIP was introducing the biometric system with the help and assistance of NADRA, which would provide a foolproof security system to industrial units established under KCIP.