Yamaha interested in establishing motorcycle plant in Pakistan

ISLAMABAD: A three-member delegation of Yamaha Corporation called on Chairman of Board of Investment (BoI), Saleem H Mandviwalla on August 02, 2011, expressing interest that the global entity will invest $150 million to establish their manufacturing facility of world renowned motorcycles in Karachi by acquiring 50 acres of land.

Talking to the media BoI chief informed that M/s Yamaha Japan has approached the Board through “our mission in Japan with the proposal to manufacture Yamaha Motorcycle in Pakistan.”

The motorcycle manufacturer will have EFI engine, automatic transmission, water cool & environment friendly exhaust system meeting European standard in this plant. It will not only meet the demand of Pakistani market but will also enable them to export their models to various CIS countries.

Adding to the statement he informed that keeping in view the current fuel and energy situation in Pakistan, Yamaha will produce the state of the art motorcycles with less fuel consumption of Rs 10 per 30min drive, which covers the distance of 40-50 km.

He stated that President of Pakistan during his visit to Japan on February 21-23, 2011 also held meetings with Yamaha officials and ensured that government had framed the rules and procedure for the foreign investors in the auto sector.

BoI is working to frame a policy on production of high technology products with environment and consumer satisfying features.

BoI being facilitator of investments in the country strongly feels that the New Entrant Policy of Automobile should focus on considerable interest of important international auto manufacturers in Pakistan market and meet the local demand and supply gap of various sectors.

Recognising that the existing assemblers/manufacturers of vehicles have over the years developed many parts and components locally and the fact that auto industry is still heavily dependent on import for various materials and components, with marginal exports Executive Officer of Yamaha Sumioka Ryouichi said “an import duty exemption of 5 years will support to increase the company’s marginal profits till 2020.”

He further said that investment by Yamaha in Pakistan will create 45000 jobs for locals and with the transfer of technology in manufacturing of motorcycles and exclusive training institutes being run by the company, vendor skill capability & capacity will also be developed.

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