The company is expected to complete investment procedures next year and break ground for the project in 2017 if it is approved. The IP is planned to cover 370 hectares of agricultural land under Sagri’s management in Binh Chanh District.

Relevant agencies in the city had a meeting to evaluate the proposed IP project of Sagri.

According to the HCMC government’s plan, the city will set aside 500 hectares of land at IPs for projects in supporting industries in 2015-2020 as well as develop multistory workshop buildings with total floor space of 100,000 square meters for small and medium enterprises (SMEs) in the industries.

Priority will be given to attract SMEs to supporting industries to back the development of manufacturing and engineering, electronics-information technology, chemical-pharmaceutical-plastics-rubber, and food processing sectors.

In addition to the industries, the city government will continue calling for investments in apparel, leather and footwear as well as develop material sources for these industries. The city will select some typical industrial and supporting industries products in the next few years to supply domestic and foreign markets.

Earlier, HCMC drew up a plan to develop 6,000 hectares of IP and 1,900 hectares of industrial cluster. The HCMC Export Processing and Industrial Zones Authority (Hepza) said the city now has approved 23 IPs covering a total of 5,788 hectares, including 18 IPs under construction and put into operation.