Crossing borders : World’s cheapest car to be launched in Pakistan

Tata Nano came to the streets of India in 2008 at Indian rupees 100,000.


Kashif Hussain May 03, 2011

KARACHI:


Tata Nano, the world’s cheapest car, will be assembled and sold in Pakistan after business groups of Pakistan and India have completed initial talks to bring the car across the border.


IMGC Global chairman Shaikh Amjad Rashid told The Express Tribune that his group with an initial investment of $10 million will assemble the low-priced Nano in Pakistan amid coordination with Tata Group of India. It has been decided that an existing assembly plant will be used initially for assembling the 623cc car.
The group has received a letter of intent from Tata Group, said Rashid.

The price of the car in the local market is still to be decided. The car came to the streets of India in 2008 at Indian rupees 100,000.

Resumption of dialogue between the two countries has revitalised many joint investment plans and investors on both sides have increased their contacts, said Rashid. He said that Indian trade secretary Dr Rahul Khullar during his visit to Pakistan assured Pakistani investors that barriers in the way of joint investment projects will soon be removed. Dr Khullar also promised that Pakistani traders will be allowed to set up trade offices in India.

Pakistani and Indian businessmen are increasing their contacts after the start of secretary level composite dialogue for increasing trade between the two neighbouring countries. The dialogue is expected to pave the road for better bilateral trade as well as joint ventures.

According to Pakistani traders, after the removal of non-tariff barriers there will be vast opportunities for exporting cement, marble and textile products to India while Pakistan will be able to acquire low-cost technology.

Published in The Express Tribune, May 4th, 2011.

COMMENTS (37)

Harish Advani | 10 years ago | Reply I'm surprised at the ignorance of some of the comments made above.If this car comes to Pakistan it will be a purely commercial deal,financed totally between two private sector companies.If it fails or succeeds it will be their gain or loss.As for some comments regarding the car being a 'Rickshaw',I think such people have a political axe to grind.Also no one is forcing anyone to buy the Nano.All that is expected and rightly so is a ''LEVEL PLAYING FIELD''.I rest my case.
Dr. Saleem Siddiqi | 10 years ago | Reply @Tony Singh: India is incapable of handling and controlling Kashimir. http://www.dawn.com/2011/05/06/india-tries-sports-job-training-to-pacify-kashmir.html It is giving Carot and Stick to hold it - but not for so long as they (Kashmiris) are determined to get an independence soon inshallah. Keep your fingers crossed.
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