Chairman Special Technology Zones Authority (STZA) Amer Hashmi on Wednesday said that the country can generate about $5 billion in revenue by establishment of 16 technology parks in one year.
In a media briefing, Chairman STZA said that work had been started to establish five technology zones in different cities including Islamabad, Lahore and Haripur to facilitate IT companies.
The state land that was not in any use for the last many years had been given to the companies on lease to encourage promotion of knowledge economy in the country, he added.
He also said the Special Technology Zones Authority came into existence in October 2021 under the Act of Parliament and was being operated under the Cabinet Division.
It was highlighted that the concept of combined efforts and cooperation for promotion of Research and Development (R&D), between academia, government and the industry started from 1950s, at Stanford Research Park, California, USA.
Later the concept was followed with the development of Tsukuba Science City (Japan), Zhongguancun Park, Beijing, China, Daedeok Technopolis, Daejeong, South Korea etc.
The success of this concept triggered countries across the globe to initiate special legislations and regimes to enable and protect the growth of knowledge and innovation ecosystem and follow the path of wealth creation through knowledge-driven solutions and services.
Currently the United States has 115 clusters based on this concept, while China 169, UK 63, India 23,...
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