News Column

MoIT setting up ICT Parks to promote exports

July 31, 2014

Ministry of Information Technology and Telecommunications (MoIT) is in a process of shifting from small Software Technology Parks (STPs) to holistic ICT Parks to encourage emerging technologies.

The proposed Information and Communications Technology (ICT) Parks will be developed with state-of-the-art infrastructure, aiming to bring together world-class technology in a multi-purpose environment.

The parks will promote academia/industry collaboration to mitigate gaps between academia and IT industry, boost IT exports and provision of cloud-based ICT infrastructure and shared services and to create a `springtime' environment and culture conducive to vibrant and dynamic innovation.

The ministry, in its list of new initiatives, has said that in addition to IT companies, enterprises from a wide spectrum of sectors will be encouraged to locate to the ICT parks. This will help encourage establishment of RandD centres to facilitate the IT, telecom, pharmaceutical, medical devices, biotechnology and nano-technology, banking and space sector, promotion of renewable energy.

It said the concept of ICT Parks had been approved by the Planning Commission and MoIT was in the process of preparation of PC-II in consultation with World Bank Office in Pakistan. The World Bank has expressed its desire to invest up-to US$ 45 million in this project.

For more stories covering the world of technology, please see HispanicBusiness' Tech Channel

Source: Daily Pakistan Today

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters