Flag limited contains an expansive team of professionals, with a range of skills and experiences within the acquisition, design, development, construction and management of a variety of industrial estates types. Our company has the capacity, in house expertise and a team with proven experience to undertake high quality development projects in all property sectors.

Industrial estates developments are an important objective for all economies which intend to grow and compete in regional and global markets. Economic growth and employment are directly correlated with the presence of industrial parks in developing markets. Economic theory suggests that GDP is influenced by exports, investment, local demand and expenditure among other things. Therefore, in an attempt to grow industries of economic importance and promote export growth, Industrial Development Estates are created in markets to give impetus to the national economic growth and employment creation.
Industrial Development Estates are an effective instrument to promote industrialization. They are key contributors in attracting Foreign Direct Investment and increasing exports of value-added commodities.

Economies of scale:

Units located in an industrial estate can adopt centralized buying and selling. This kind of centralized buying and selling would enable member units to enjoy scale economies.

Economies of Agglomeration:

Presence of repair, maintenance and service facilities.

Availability of components.

Presence of financial institutions.

Interconnectivity:

The finished product of one unit might be the raw material for another unit. Since the units are located close by, it results in savings in transportation costs for the purchaser and assured market and reduced selling cost for the seller.

Low investment:

Since the government provides land for setting up industrial estates at affordable costs, the initial investment is less. Industrialists can acquire assets on hire-purchase or on lease and can benefit from higher output.

Availability of infrastructure:

The infrastructural facilities such as electricity, water, roads, telecom etc., are readily available in industrial estates. Entrepreneurs need not spend their time and money to get electricity connection, water supply and telephone connection. Therefore production can commence immediately without any wastage of time and resources

Availability of support facilities:

Apart from the basic infrastructure, banks, post offices etc., are located in industrial estates. This facilitates business transactions to a great extent.

Mutual cooperation:

The units in an industrial estate can cooperate among themselves and undertake joint research. Such research can be for exploring new markets, new sources of supply of raw materials, better processes etc., They can share best practices relating to quality standards, TQM, TPM, ISO standards etc. Such co-operation would benefit all the member units.

Focus on business:

The initial investment is low and all the basic and supporting infrastructural facilities are readily available. Therefore entrepreneurs can focus their full attention on the business and concentrate on its growth.

Increased employment opportunities:

Industrial estates create more employment opportunities and increase the mobility of labour. Since many of the units are labour intensive, there are opportunities for both skilled and unskilled workers.

Development of backward areas:

Industrial estates provide employment to the local youth. With their development a host of facilities such as banks, post offices, insurance companies, housing, schools, and health care facilities. This results in the development of backward areas and balanced regional development.