Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Yamaha to invest $15 million in motorcycle industry
03-27-2010, 11:51 AM
Post: #1
Yamaha to invest $15 million in motorcycle industry
Staff Report

ISLAMABAD: Yamaha Japan has proposed to invest $15 million for the manufacture and sale of motorcycles of advanced functions, high quality and sophisticated designs in the 125cc and 150cc categories in Pakistan.

This was discussed during a meeting, in which Yamaha Japan’s General Manager Ito Yasushi and Director Nick Ohmura called on Board of Investment Chairman Saleem H Mandviwalla in the office on Friday.

They discussed the investment opportunities in Pakistan in the motorcycle industry.

The 125-150cc motorcycle categories are currently being imported from Europe and Latin American. Yasushi gave a detailed presentation on behalf of Yamaha elaborating on their plans to construct a state-of-art manufacturing and employee training facilities. They have already developed such services in Indonesia, and expressed his desire to introduce the same in Pakistan.

Commencing in 2010 they would produce 22,000 motorcycles in the first year with a workforce of 450 employees and would gradually increase their production to over 750,000 motorcycles in 2020 and employ a total of 8,100 employees in Pakistan. They have divided their project into three phases. The first phase includes the injection of 4.3 billion yen, which would include training of personnel and production. The second phase would include an injection of 7.4 billion yen and the third phase would include an injection of 3.3 billion yen, which would include 90 percent localisation of their manufacturing. Yasushi further stressed that Yamaha Pakistan would be a hub factory for export and Yamaha would commit to export motorcycles from Pakistan.

However, they pointed out to the BoI chairman that the new Pakistan’s automotive policy being developed does not include motorcycles, which around the world is defined as an automotive. They requested that the policy be amended to include motorcycles so that they could avail the terms and conditions of the policy in the proposal including the five-year import duties exemption for CKD parts.

BoI chairman welcomed the Japanese delegation and appreciated the Japanese companies and businessmen in Pakistan. He highlighted the policy parameters of investment in Pakistan. While stressing he underlined the policy, which allowed 100 percent foreign equity in the major sectors and full repatriation of profits and dividends in all the sectors.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  When the right time's to invest in Pakistan property? LRE-Azan 0 958 09-15-2018 02:06 PM
Last Post: LRE-Azan
  PM Imran Khan motivate investors to invest in Pakistan - Latest Update LRE-Azan 0 1,030 09-11-2018 03:03 PM
Last Post: LRE-Azan
  Chinese Ambassador Engrossed To Invest In Automobiles Accessories LRE-Azan 0 1,485 11-07-2017 03:50 PM
Last Post: LRE-Azan
  FDI: Movenpick to invest $30m in Pakistan Salman 0 2,278 02-10-2014 02:45 PM
Last Post: Salman
  Turkish group to invest in infrastructure projects Salman 0 6,565 11-11-2013 12:31 PM
Last Post: Salman
  Qatar willing to invest in energy, housing sectors Salman 0 7,798 11-09-2013 04:28 PM
Last Post: Salman
  Shahbaz Sharif for promoting investment, industry Salman 0 2,949 06-24-2013 11:38 AM
Last Post: Salman
  Malik Riaz, Abu Dhabi Group to invest $ 35B Salman 0 2,904 02-18-2013 06:53 PM
Last Post: Salman
  Chinese firms willing to invest in Pakistan Salman 0 2,897 12-07-2012 12:31 PM
Last Post: Salman
  Turkish businessmen ready to invest in Pakistan Salman 0 2,913 06-16-2012 01:09 PM
Last Post: Salman
  No industry allowed in residential areas: LDA Salman 0 2,592 02-15-2012 01:24 PM
Last Post: Salman
  Mutual funds industry crosses Rs 300bn mark Salman 0 2,109 12-21-2011 01:25 PM
Last Post: Salman
  Motorcycle manufacturers seeks govt support to achieve 100% localisation Lahore_Real_Estate 0 2,098 10-06-2011 03:16 PM
Last Post: Lahore_Real_Estate
  Township industry warns of protest against outages Lahore_Real_Estate 0 2,227 09-30-2011 05:40 PM
Last Post: Lahore_Real_Estate
  ZONG to invest more in Pakistan Lahore_Real_Estate 0 2,047 08-18-2011 03:23 PM
Last Post: Lahore_Real_Estate
  ICCI President urges development of recycling industry Lahore_Real_Estate 0 2,249 08-08-2011 02:31 PM
Last Post: Lahore_Real_Estate
  Yamaha to invest $150m in Pakistan Lahore_Real_Estate 0 1,940 08-04-2011 12:55 PM
Last Post: Lahore_Real_Estate
  PIBC for overseas Pakistanis to invest in energy, housing sectors Lahore_Real_Estate 0 2,542 06-16-2011 12:10 PM
Last Post: Lahore_Real_Estate
  Zardari invites Turkish businessmen to invest in Pakistan Lahore_Real_Estate 0 2,697 12-24-2010 04:36 PM
Last Post: Lahore_Real_Estate
  Gas supply to Punjab industry suspended Lahore_Real_Estate 0 2,276 12-13-2010 01:31 PM
Last Post: Lahore_Real_Estate

Forum Jump:


User(s) browsing this thread: 1 Guest(s)