TechLahore

Gorgeous Karachi is about to get another software park

The Government of Sindh has announced that DTS, a Japanese IT firm, is investing $50M to build a 5 acre software park in the SITE industrial area, along the Superhighway that connects Karachi with Hyderabad.  Construction on the project has already started. Once the DTS facility is completed, it will employ between 1,200 to 2,000 people. This is significant job creation for Karachi’s IT workforce. This news, hot on the heels of several Chinese, UAE and Saudi investment announcements, underscores a positive trend towards increasing FDI in Pakistan’s technology and industrial sectors. In fact, at the inauguration ceremony for the DTS park, Mr. Hironao Takahashi, the CEO of the company announced his intent to push DoCoMo, the Japanese mobile telco behemoth, to also invest in Pakistan. How’s that for enthusiasm!

An extract from the story and the link after the break.

Japanese firm to invest $50 million in IT Park: Rauf
RECORDER REPORT KARACHI (October 31 2008): Sindh Minister for Commerce and Industries Rauf Siddiqui has said that the renowned Japanese IT firm DTS would invest 50 million dollar in the Information Technology (IT) Park project, besides providing 1,500 jobs.

“The government is committed to extend all out support to the foreign investors, especially Karachi is open to foreign investors in all sectors,” he said while addressing a foundation stone laying ceremony of the firm at SITE Superhighway, Ahsan Abad on Thursday.

He said the company would invest 50 million dollar in the IT sector of Pakistan in five years. The government is working on a road map of investment plan and with the implementation of the plan, more Japanese investors would attract towards Pakistan, he said.

The DTS has been provided with five acres of land in SITE Superhighway for the IT-Park project and it would start construction very soon.

He said the project would provide jobs to some 2,000 people, he added. Rauf said the two other Japanese companies would be allotted land at the site. He said President DTS Inc Japan Hironao Takahashi would urge the international Japanese cellular company Docomo to invest in Pakistan.

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