Islamabad: The Japanese delegation led by Mr. Kenichi Ayukawa, Global Vice President of Suzuki Motor Corporation called on the Federal Minister for Industry and Production, Rana Tanwer Hussain.
The meeting was attended by the Federal Secretary of Industry and Production, Chief Executive Officer Engineering Development Board Mr. Waseem Ajmal Chaudhary, Mr. Raza Abbas Shah and Joint Secretary for Business Development Syed Sibt-e-Abbas Zaidi. ).
Welcoming the delegation, the Federal Minister of Industry and Production said that the automobile industry is an important sector for Pakistan’s economy, contributing significantly in terms of employment, economic growth, technology transfer and industrial development. The government supports the localization of the car industry by providing tax breaks and other incentives to car manufacturers and by investing in research and development. Incentives for new technologies for electric and hybrid vehicles are provided by free imports of factories and equipment to build EV factories. Recently, 43 companies have been granted production certificates for the local production of EV 2/3 wheels.
Federal Minister Mr. Suzuki said that his journey to develop the local industry is committed to innovation, quality and customer satisfaction. During the past four decades, Mr. Suzuki has played a key role in the development of the local automotive industry, contributing significantly to job creation, economic development and technology transfer through joint ventures and technical assistance agreements between local and foreign suppliers. how to localize some high-tech components.
Mr. Kenichi Ayukawa, Global Vice President of Suzuki Motor Corporation shared that Suzuki has been manufacturing vehicles in Pakistan for the last 40 years. We also export vehicles to other countries. The recent launch of Suzuki Swift and GS-150 motorcycle exports from Pakistan marks a milestone in Pakistan’s journey to become a global player in the automotive industry.
The federal minister said exports are the government’s top priority. The automobile industry has been facilitated through an incentive/subsidy regime for the past three decades. It is time that this sector, which has been encouraged for a long time, began to contribute significantly to export earnings for the country. The government is ready to provide all necessary support for the success of this national initiative. This joint approach of the government demonstrates its commitment to fostering a conducive business environment that promotes the growth and sustainability of Pakistan’s automotive industry.
Kenichi Ayukawa, Global Vice President, Suzuki Motor Corporation, said that Suzuki Motors Corporation plans to set up a biogas plant in Karachi.
Federal Minister Rana Tanveer Hussain assured the visiting delegation that the government will provide the necessary support and assistance to Suzuki Motor Corporation for its operations and expansion in Pakistan.
