We wrote about
how government neglected Yamaha’s exhaustive efforts to invest in Pakistan
and bring their line up of bikes with latest technology, produce
engines and have training facilities for our people. After nearly a ride
of 1-1/2 years, Yamaha finally gets the permission to carry out its
investment plan in Pakistan. Yamaha was at our door steps for more then
one-and-a-half year, our own policies were the hurdles in the way.
Finally, our President on his recent visit to Japan instructed the
Ministry of Industries and Production to get rid of all the bureaucratic
hurdles in Yamaha’s $150 million investment plan.
Chairman Board of Investment, Saleem H. Mandviwalla said that the
groundbreaking of the plant would be held within the next two months and
the plant would begin production by the end of 2012 or early 2013.
Yamaha plans to produce 500,000 bikes per annum for export and domestic
use. He also said that a Japanese company would build Karachi Circular
Railway and elevated expressway from Port Qasim to Karachi while
Mitsubishi company also wanted to pour in further investments in the
country adding that this company was already having five project in
Pakistan.
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