Pakistan invites Japanese automobile firms to help localisation

39870 - Pakistan invites Japanese automobile firms to help localisation

ISLAMABAD: Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar has invited the Japanese auto companies to explore the potential of exporting auto parts to other countries from Pakistan.

The minister said this during a meeting with Wada Mitsuhiro, newly appointed Ambassador of Japan to Pakistan, who called on him on Friday.

The minister said that these incremental steps would revolutionise the automobile industry of Pakistan by connecting it to global supply chain and distribution channels.

He apprised the ambassador on Mobile Device Manufacturing Policy, adding the new policy has started bearing fruit now and Pakistan’s existing economic environment provides an excellent opportunity for Japanese companies to invest in mobile phone manufacturing.

The ambassador shed light on mutual cooperation between JICA and the Ministry of Industries and Production to enhance the export base and suggested a bilateral forum for issuance of certificates for international standards of export goods like auto parts, tyres, chemicals, IT & communications and enhancement of engineering development skills.

During the meeting, both sides shared the key areas of cooperation in the industrial sector and the modernization of the local engineering industry. They discussed the business opportunities for Japanese automobiles companies under the framework of new automobile policy focusing on localisation and making the auto sector export-oriented.

The meeting ended on a high note that mutual cooperation between Pakistan and Japan would be extended in light of new automobile, SME and existing mobile manufacturing policies and improved ease-of-doing-business steps taken by the government of Pakistan for the industrial sector.

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