Pakistan has invited Japanese companies to help for localization and making the auto sector export-oriented in automobile sector.
Federal Minister for Industries and Production, Makhdum Khusro Bakhtyar met Wada Mitsuhiro, newly appointed ambassador of government of Japan to Pakistan, in his office. During the meeting, both shared the key areas of cooperation in industrial sector and modernisation of local engineering industry.
The minister discussed the business opportunities for Japanese automobiles companies under framework of new automobile policy focusing on localisation and making the auto sector export-oriented. He invited the Japanese auto companies to explore potential of exporting auto parts to other countries. He said that these incremental steps would revolutionize the automobile industry of the country by connecting it to global supply chain & distribution channels.
Furthermore, the minister apprised the ambassador on Mobile Device Manufacturing Policy. He said that new policy has started bearing fruit now and Pakistan’s existing economic environment provides excellent opportunity for Japanese companies to investment in mobile phone manufacturing. The ambassador shed light on mutual cooperation between JICA and Ministry of Industries and Production to enhance export base and suggested bilateral forum for issuance of certificates for international standards of export goods like auto parts, tyres, chemicals, IT & communications and enhancement of engineering development skills.
The meeting ended on a high note that mutual cooperation between Pakistan and Japan would be extended in light of new automobile, SME and existing mobile manufacturing policies and improved ease-of – doing-business steps taken by government of Pakistan for industrial sector.
