ISLAMABAD: After the entry of two South Korean giants in the
predominantly Japanese dominated Pakistani auto market, Chinese
manufacturers have also shown interest in setting up assembling plants
in the country.
On Saturday, a Chinese delegation
representing 500 auto manufacturers and assemblers visited the Islamabad
Chamber of Commerce and Industry in this regard.
The delegation includes Chinese manufacturers and assemblers of cars, heavy duty trucks, engines, auto parts and tyres.
Some
of the prominent companies represented in the delegation included Jinan
Zhongzhan International Trade Co Ltd, Jinan Bonaite Trading Co Ltd,
Hebei Xinjiu Heavy Duty Machinery Makes Co Ltd, Sinotruk, and Shanghai
Cheezmail E-Commerce Co.
The delegation members stressed
that they were producing EU standard vehicles and were interested to
explore business opportunities in Pakistan.
The members
said that initially they are interested in finding local partners for
supply of automobiles and auto parts in Pakistan and on successful
operation of business they would try to set up auto manufacturing plants
and bonded warehouses through joint ventures and investment in
Pakistan.
The delegation members said they also wanted
to share their technical know-how and expertise with Pakistani manpower
in this field.
It was decided that the ICCI would
organise a seminar to create awareness in the local business community
about auto products and prospects of business collaborations with
Chinese counterparts.
ICCI President Sheikh Amir Waheed
said heavy duty trucks and vehicles have large scope in Pakistan as road
freight transportation contributed over 90 per cent of the goods
transported by land.
