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Karachi:Yamaha to set up motorcycle plant - LahoreEstate - 09-20-2009 06:13 AM
TOKYO: Yamaha, a leading Japanese company, has prepared a plan to make an investment of $150 million in motorcycle manufacturing on a large-scale in Pakistan.
This was stated by President of Yamaha Takashi Kajikawa in a meeting with Pakistan’s Ambassador to Japan Noor Mohammad Jadmani at the company’s headquarters at Hamamatsu.
President Takashi said that the plant would be established in National Industrial Park at Bin Qasim, Karachi.
Giving salient features of the project, Takashi informed Ambassador Noor Jadmani that the company in the first phase would assemble around 22,000 motorcycles by 2012, after that it would manufacture the motorcycles by using various domestically manufactured parts in Pakistan.
In the final phase, the company would start manufacturing motorcycle engines in Pakistan by 2017.
‘The company intends to make Pakistan a base for exports to neighbouring Asian and African countries,’ Takashi informed the Pakistani Ambassador.
The plant, he said, would provide job opportunities to about 25,000 Pakistan engineers, technicians and labourers.
The company has already submitted its proposals to the Board of Investment in Islamabad, he noted.
Ambassador Noor Jadmani, speaking on the occasion, greatly appreciated the initiative from Yamaha Motorcycle Company and briefed Takashi on the investment friendly policies of the present democratic government of Pakistan.
The Pakistan envoy also informed privileges, facilities and tax concessions offered in Exclusive Japanese Special Economic Zone being established in Pakistan.
He thanked and encouraged the Japanese to make investment in Pakistan in a big way and assured government’s complete support, assistance and patronage in this respect, according to Iftikhar Babar, Economic Minister in Pakistan Embassy. — APP
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