Air Link Acquires Rs572 Million Industrial Land in Lahore
- Abeera Marium Siddiqui
- January 22, 2025
- 3:18 pm
- 32
- Business
Air Link Land Acquisition: Air Link acquires land in Lahore, marking a big step in its smartphone production expansion. The company, a leading player in Pakistan’s technology sector, recently invested Rs572 million in two industrial plots. These include a 3-acre plot for Air Link Communication Limited and a 5-acre plot for Select Technologies (Pvt.) Limited, its subsidiary.
The industrial land is located in Sundar Green Special Economic Zone, Lahore. This area offers tax incentives and other benefits under the Special Economic Zones Act, 2012. The acquisition will help Air Link reduce costs and increase efficiency.
Meeting Growing Market Demand
Air Link plans to shift 80% of its smartphone production to this new site. The remaining 20% will stay at its current facility for now. Over time, all operations will move to the new location.
This move is part of Air Link’s strategy to meet rising demand for smartphones. The company holds a 20-25% market share in Pakistan, making it a key player in the industry.
Strong Partnerships with Global Brands
Air Link works with major brands like Apple, Samsung, Huawei, Xiaomi, and Tecno. These partnerships allow the company to bring top-tier products to the Pakistani market. Air Link also produces smart TVs in collaboration with Xiaomi at its Lahore facility.
In the fiscal year 2023-24, the company reported a 382% profit increase. This success shows its ability to grow even in a competitive market.
Why Sundar SEZ is a Smart Choice
The Special Economic Zones Act, 2012, provides significant advantages to businesses operating in SEZs. These include:
- A 10-year income tax holiday.
- Duty-free imports of plant and machinery.
These benefits will help Air Link lower costs and boost production. The company can then offer affordable and high-quality smartphones in Pakistan.
A Journey of Growth and Innovation
Air Link started as a private company in 2014. By 2019, it became a public limited company. Over the years, it has grown through smart investments and strong leadership.
The new industrial land acquisition is another step toward innovation. It positions Air Link as a leader in Pakistan’s smartphone industry.
Conclusion
Air Link’s Rs572 million investment in Sundar SEZ is a major move for the company. It will increase production, reduce costs, and strengthen its market position. With these steps, Air Link is set to shape the future of smartphone manufacturing in Pakistan.
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