PESHAWAR
\nThe Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC), in collaboration with the Khyber Pass Economic Corridor (KPEC), launched Inclusive Business Development Park (IBDP), a pioneering initiative aimed at empowering entrepreneurs from diverse backgrounds, including men, women, persons with disabilities, and transgender individuals.
\nThe park was formally inaugurated by the Special Assistant to the Chief Minister Khyber Pakhtunkhwa for Industries, Commerce, and Technical Education, Abdul Karim Tordher here on Monday. The project is funded by the World Bank through the KPEC, demonstrating a strong commitment to foster inclusive economic growth in the region.
\nThe Inclusive Business Development Park, initially established in Peshawar Economic Zone, is a strategic effort to nurture small business ventures, enabling them to scale up and achieve long-term sustainability.
\nThe IBDP will serve as a model for future replication in other feasible locations across Khyber Pakhtunkhwa, aiming to create a robust network of inclusive business ecosystems throughout the province.
\nThe IBDP project is being executed by a consortium, including the World Bank, Khyber Pass Economic Corridor (KPEC) and Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC).
\nThe project is valued at PKR 71 million, with substantial contributions from both KPEZDMC and KPEC.
\nThe primary financial support is provided by the World Bank, supplemented by additional funding from KPEZDMC and KPEC.
\nThese organizations are committed to provide a comprehensive range of services to support resident startups, including those operating from homes and other scattered clusters. KPEZDMC will offer direct support to businesses housed within the IBDP, facilitating their ability to manage, trade, and exhibit their products effectively.
\nThe park will also provide essential civic amenities and a dedicated training facility to enhance the capacity of entrepreneurs and their workforce.
\nThe IBDP offers an extensive array of services designed to support small-scale manufacturers and entrepreneurs. It will facilitate the buying and selling of products for small-scale manufacturers, providing a crucial platform for market access. Unlike traditional business incubation centers, the IBDP will feature a production house also, allowing small-scale businesses to manufacture their products on-site.
\nThe park will function as an expo center and a hub for B2B matchmaking, creating opportunities for small-scale entrepreneurs to connect with potential business partners.
\nEntrepreneurs at the IBDP will benefit from Peshawar Economic Zone, drawing inspiration and encouragement from established industrial units operating in a full-fledged business environment. Ready-to-use office facilities based on plug and play model will be available, enabling entrepreneurs to quickly set up and start their operations.
\nThe IBDP is currently home to 17 innovative startups, primarily focused on engineering, design, and services. Among them are an electric bike manufacturer, a 3D printing startup, and a perfume maker, each contributing unique products and expertise to the vibrant entrepreneurial ecosystem.
\nThese ventures will benefit from the extensive support and resources offered by the park, positioning them for growth and success in a competitive marketplace.
\nDuring the inaugural ceremony the SACM Abdul Karim Tordher highlighted the Provincial Government\u2019s commitment, stating, \u201cThe Government of Khyber Pakhtunkhwa is dedicated to creating an inclusive and thriving business environment. He said that the launch of the IBDP is a testament to our commitment to empower entrepreneurs across all sectors, ensuring sustainable economic growth and prosperity for the entire region.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR The Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC), in collaboration with the Khyber Pass Economic Corridor (KPEC), launched Inclusive Business Development Park (IBDP), a pioneering initiative aimed at empowering entrepreneurs from diverse backgrounds, including men, women, persons with disabilities, and transgender individuals. The park was formally inaugurated by the Special Assistant to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-424446","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n