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