{"id":77710,"date":"2020-01-06T11:55:35","date_gmt":"2020-01-06T11:55:35","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=77710"},"modified":"2020-02-14T06:35:55","modified_gmt":"2020-02-14T06:35:55","slug":"allama-iqbal-industrial-city-faisalabad","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/allama-iqbal-industrial-city-faisalabad.html","title":{"rendered":"Here\u2019s All You Need to Know about Allama Iqbal Industrial City \u2013 A Model of Excellence in Industrialisation"},"content":{"rendered":"\n

IN THIS POST:
<\/strong>The Need & Impact of Industrialisation<\/a>
Overview of AIIC<\/a>
Latest Updates on AIIC<\/a>
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The Federal Government has recently initiated Allama Iqbal Industrial City (AIIC), Faisalabad, as part of the mega projects in Punjab<\/a>, to uplift the current standards of commercialisation and industrialisation in the region. Let’s find out how this mega project will play a major role in transforming the everyday life of a common Pakistani by bringing a paradigmatic shift in how the industrial sector operates and generates revenues for Pakistan.<\/p>\n\n\n\n

However, before we dive deeper into the details of this project, let\u2019s first understand the need to revitalise and impact of industrialisation in Pakistan. <\/p>\n\n\n\n

The Need and Impact of Industrialisation in Pakistan <\/h2>\n\n\n\n

In order to understand the need and impact of this initiative, you should first understand the meaning of the word “industrialisation\u201d. Simply put, industrialisation is a socio-economic shift in human settings. The most significant industrialisation shift was when people started to focus on manufacturing products in industries as opposed to utilising produce from farming. Later on, industrialisation also started to include steps to automate various steps of farming and agriculture with the use of machines. So, today when we count the several sectors of industries, we also take account of agricultural production in the country.<\/p>\n\n\n\n

As the industries in Pakistan started to evolve, the focus from production from hand was majorly shifted to machines; be it crops or clothes. Safe to say, the time-taking process of production by hand was largely simplified by the induction of machines and production multiplied over time at the same or even a lesser cost.<\/p>\n\n\n\n

Even though there are several financial and commercial activities in Pakistan that contribute to the country\u2019s economy and GDP, industries are, hands-down, among the most dominant contributors. This includes textile industries, leather industries, and other manufacturing industries. Now that you have a better understanding of the meaning of industrialisation in Pakistan, let’s pick from where we left off. <\/p>\n\n\n\n

The question, however, remains, why is industrial development important?  <\/p>\n\n\n\n

To begin with, industrialisation has the potential to generate skill-based employment opportunities, even in the areas where people do not have access to quality education. It also brings along education and training programmes for the growth of a particular region, while constantly encouraging advancement and innovation. Additionally, it also teaches better utilisation of resources in a limited time and cost.  <\/p>\n\n\n\n

The economic growth provided by this social change is by far the best reason why developing and developed countries make it a point to focus on increasing industries. Industrialisation has the power to completely transform an economy since the financial position of a country flourishes when more seeds of industrialisation are sown. Moreover, enhanced industrialisation also affects the living standards of people. And, the same is evident from the history and revolution of industries throughout the world. <\/p>\n\n\n\n

Overview of Allama Iqbal Industrial City<\/h2>\n\n\n\n
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