KARACHI: A number of local and multinational companies
have been facing difficulties in getting approval of their building
plans submitted with the Korangi Creek cantonment board on the plots
acquired by them at Korangi Creek Industrial Park (KCIP).
The project is being developed by the National Industrial Parks Development and Management Company (NIP), and according to experts, it may run into snags because of non-serious attitude of Cantonment Board Korangi Creek.
Khawaja Amer, a spokesman for the NIP said a total of 20 building plans had been submitted to CBKC to date and of these only five had been approved.
The last building plan was approved on Dec 28, 2012 and since then the NIP did not receive any building plans from the CBKC.
The building plans submitted by various reputed corporate entities, including manufacturing of consumer products, food and pharmaceutical, garments/textile, light engineering and packaging and printing had been pending with CBKC.
He said NIP had requested the CBKC that delay in approval of building plans is causing anxiety among investors.
In the current economic and prevalent law and order condition in the city, it is very difficult to attract good corporate houses to promote industrial growth in the country, he added.
He urged the KBKC to approve building plans so that industrial activity may commence at the KCIP.
As per directives of the government, he said, the NIP had been trying to facilitate investors in getting their building plans approved through its one-window operation. But despite efforts, NIP could not get it through from the CBKC.
He feared that the attitude of CBKC may create hurdles in regaining the confidence of investors in Karachi who are looking safer industrial investment, like KCIP which offers perimeter wall with controlled entry and exit to the complex spreading over an area of 250 acres for safe and secure environment to investors.
To date, he said, approximately 90 per cent of the total saleable area in the low density industrial zone has been sold out while a number of applications are still in the pipeline.
The KCIP project, developed at an estimated cost of Rs3.3 billion with an investment opportunity of Rs20bn, would provide approximately 30,000 direct and 180,000 indirect employments.
The project is being developed by the National Industrial Parks Development and Management Company (NIP), and according to experts, it may run into snags because of non-serious attitude of Cantonment Board Korangi Creek.
Khawaja Amer, a spokesman for the NIP said a total of 20 building plans had been submitted to CBKC to date and of these only five had been approved.
The last building plan was approved on Dec 28, 2012 and since then the NIP did not receive any building plans from the CBKC.
The building plans submitted by various reputed corporate entities, including manufacturing of consumer products, food and pharmaceutical, garments/textile, light engineering and packaging and printing had been pending with CBKC.
He said NIP had requested the CBKC that delay in approval of building plans is causing anxiety among investors.
In the current economic and prevalent law and order condition in the city, it is very difficult to attract good corporate houses to promote industrial growth in the country, he added.
He urged the KBKC to approve building plans so that industrial activity may commence at the KCIP.
As per directives of the government, he said, the NIP had been trying to facilitate investors in getting their building plans approved through its one-window operation. But despite efforts, NIP could not get it through from the CBKC.
He feared that the attitude of CBKC may create hurdles in regaining the confidence of investors in Karachi who are looking safer industrial investment, like KCIP which offers perimeter wall with controlled entry and exit to the complex spreading over an area of 250 acres for safe and secure environment to investors.
To date, he said, approximately 90 per cent of the total saleable area in the low density industrial zone has been sold out while a number of applications are still in the pipeline.
The KCIP project, developed at an estimated cost of Rs3.3 billion with an investment opportunity of Rs20bn, would provide approximately 30,000 direct and 180,000 indirect employments.
