High tech auto manufacturing Paapam chief seeks Indian investment.

[Harry Potter]

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High tech auto manufacturing Paapam chief seeks Indian investment.
By: Salman Abduhoo | January 12, 2012 | 0 Comments
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High tech auto manufacturing Paapam chief seeks Indian investment

LAHORE – Pakistan Association of Automotive Parts & Accessories Manufacturers Central Chairman Syed Nabeel Hashmi has said that PAAPAM is seeking for technical collaborations with Indian companies for high tech auto parts manufacturing in Pakistan.

On his return from visit to India, Nabeel Hashmi while talking to The Nation, said that Paapam was looking forward to develop contacts with Indian manufacturers, besides analysing the possibility of joint ventures with them. He said Pakistan Association of Automotive Parts & Accessories Manufacturers had organised a 50-member delegation visit to India to study the Indian Automotive Industry.

He said that delegation visited India to introduce its members to the international markets and build up their businesses keeping in view the global economies and scales.

He said Auto expo New Delhi was an important part of the Indian auto sector and our Pakistan delegates had ample opportunity to see their own Indian counterparts and study their products.

He said our targets were to see if we can benefit from competitive raw materials and machinery that may be procured from India. But we prefer technology based trade rather then just finished goods coming into Pakistan, he reiterated. On a question, he said that non tariff barriers (NBTs) imposed by India, were also creating hurdles for the Pakistani manufactures to export even those products which were competitive in the Indian market.

According Nabeel Hashmi, PAAPAM has the potential to meet the demands of the country’s auto industry and that there is no urgent need to import items from neighbouring countries. The dependence on local production will help the country’s auto industry. Auto parts industry currently employs 175000 persons at auto parts venders and over 8000 in various assembly plants, he said.

He said that PAAPAM has its serious reservations over the imports of ‘parts’, only the raw materials for the sector should be allowed to be imported from the neighboring country.”

Briefing about his visit, he said that Pakistan High commissioner Shahid Malik welcomed the PAAPAM delegation at the Pakistan High Commission where views on trade with India and MFN status issues were discussed. Participants included M Shafique-ur-Rehman Councellor, Brig Sarfraz S Chaudhri Defence & Army Adviser and Naeem Anwar Minister Trade High Commission for Pakistan.

The Ambassodor Shahid Malik appreciated the value addition being done by PAAPAM members to the Pakistan economy and noted his full support to the engineering base of Pakistan. He assured the delegation of taking cognizance of Pakistan’s local industrial setup and its concerns whilst discussing opening of trade with India.

Paapam Chairman Syed Nabeel Hashmi asked Shahid Malik that the association shall always welcome manufacturing and technology based investments from India. Further all trade opening should be two ways rather then one way. PAAPAM’s concerns on Indian NTB’s were also made know to the ambassador. The delegation was also received earlier with full protocol at the Autoe Xpo 2012, New Delhi by Mr Vinnie Mehta, Executive Director of the Automotive Component manufacturers Association of India. The Chairman Paapam Syed Nabeel Hashmi whilst expressing the associations delight to be at the EXPO discussed future participation possibilities of Pakistani Autoparts manufacturers in 2014 and also asked ACMA to participate at the PAKISTAN AUTOSHOW 2012 being held in Karachi later this year. Exhibitors from 22 countries participated in the show which included Autoparts makers, Global Car, two wheelers, Trucks and Buses were on display. Over 50 new varieties of new cars and transport vehicles have being officially launched at the show. Famous global brands including Mercedes Benz, Range Rover, Chrysler, Rolls Royce, Renault, Honda, Toyota, Suzuki, Volk Wagon, Ford, Mann, Jaguar, Harley Davidson put up their best pavilions against local indian brands Mahindera, Bajaj, Hero and TATA. Entry to the show had to be restricted to 100,000 visitors per day due to the overwhelming response of the public.

High tech auto manufacturing Paapam chief seeks Indian investment | The Nation

[Adnan Faruqi]

why not ask it from brother china?? sorry we can't invest in a dangerous situations and when we are not friends.

[ghazaliy2k]

why not ask it from brother china?? sorry we can't invest in a dangerous situations and when we are not friends.

If you were a dictator for a day (or a century, whatever amount of time it would take for what you wanted to see happen), how far would you be willing to go to show that you desired for India to have united front geopolitically with Pakistan and China, taking into account the territorial issues and irritants of the Dalai lama and Terrorist groups housed in Pakistan?

What would you expect India to be shown/given in return?

People like you and anon45 are those who don't want any better invornment in the region and don't want over 2 and a half Billion people (neighbours) to live peacefully. But let me tell YOU guys soon your kind of people will obsolete and we WILL WON THE PEACE IN THE REGION

[DMLA]

why not ask it from brother china?? sorry we can't invest in a dangerous situations and when we are not friends.

Though I do not conform with your basic thesis, I actually do think that you may have a point (though I may be driving at it in tangent). Indian business cannot invest as long as climate is not conducive for the same. With the "talks" breaking down at every small issue and elements on both sides bent on breakup of any semblance of a relationship, I do not see bilateral investments in the next 5-10 years at the very least. My own family is involved in textile machinery and after an eventful "attempt" at exporting some few years ago, we have completely abandoned any plans for the future.

But who can predict the future!!

[rai_kamal]

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I think in the article the pakistani counterpart is only talking about import of some high tech auto part..
No problem if we don't invest there but the import of some autopart should be allowed for export..
Also, pakistan should get the trust from indian industries to do business..
And plz plz plz, don't try reverse engineer the technology as your soul mate...plz..