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Yamaha to invest in Pakistan - Lahore_Real_Estate - 03-16-2010 12:10 PM
Tuesday, March 16, 2010
By Irfan Siddiqui
Tokyo: The Japanese automotive giant Yamaha has seen positive progress in investment plan in Pakistan, sources related to this matter confirmed to The News.
The Yamaha Motors Japan general manager Nick Ohmura will be visiting Pakistan from March 24 to further discus the investment plan in its motorcycles assembling plant in Pakistan. In his visit Nick Ohmura will meet higher authorities in Pakistan including chairmen board of investment, ministry of industries and Japanese officials in Pakistan.
Sources say that higher authorities in Pakistani government noticed the problem facing Yamaha Motors investment in Pakistan and ordered the concerned ministries to resolve this matter immediately. Therefore Yamaha top executives in Japan were invited to Pakistan to resolve the issues, finalise their business plans and set up the schedule to start the project.
Sources related to this matter claimed that a lobby related with motorcycle industry in Pakistan was creating hurdles for Yamaha Japan to enter Pakistani market. Some big players occupying the motorcycle market of Pakistan do not want any new company, that too a leading Japanese brand, to enter the market and take share of existing demand. Sources opined that if Yamaha will invest in Pakistan the public will have more opportunities to select brands, quality, and competitive price.