LAHORE: Transfer of technology and localisation of parts is gaining pace as exports of automobile parts have reached $80 million in 2011, said Engineering Development Board (EDB) Chief Executive Officer Aitzaz Niazi at the opening ceremony of the Pakistan Auto Parts Show on Monday.
The three-day exhibition kicked off in style at the Expo Centre as stalls of international and national automobile manufacturers and parts makers cramped the two major halls of the exhibition centre.
EDB launched an ambitious market expansion programme in 2005 for the engineering sector and achieved remarkable success by giving exposure to over 150 companies to the global sourcing chain, Niazi said.
The EDB chief executive officer advised the auto industry to vigorously explore global markets not only to enhance business but to meet challenges at domestic level as well.
Representatives from Japan, Germany, UAE, Italy, Holland, Sri Lanka, China and Australia are attending the auto show. Product range includes completely assembled vehicles including cars, trucks, buses, tractors, motorcycles along with more than a thousand types of auto components.
Indus Motor Company (IMC) CEO Parvez Ghias said that investment in developing the engineering base and enhancing the skills of engineers has helped the company achieve 50% localisation of parts.
He revealed that IMC is going to add one more model to the Hilux-IMV family very soon which would not only enhance options for the customers but parts suppliers would also get orders for the new IMC variant.
Talking about the company’s contribution, Ghias said that IMC has given business worth Rs22 billion to the vendors for purchase of parts and assemblies in fiscal 2011.
Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) Chairman Syed Nabeel Hashmi said that PAAPAM members now manufacture 70 per cent parts of passenger and light commercial vehicles, 90 per cent of motorcycles and tractors and 45 per cent of heavy commercial vehicles.
He added that the most shining sector was motorcycles due to the strength of local content and minimal intervention of the government.
Published in The Express Tribune, October 25th, 2011.
COMMENTS (2)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
I each sector consistant and stable policy should be announced by the Govt. In such policies local industries should be encouraged to boast production and it is possible only when Govt. gives incentives to industries. Out of 60 billion market, we are loosing 50 billion as a result of imports in Auto sector. We should focus on localization and gives incentives to industries are leaders in localization. Beacuse it will save our hard earned foreign exchnage and generate employment opportunities. Suppose if we are now just manufacturing 20% of total market demend, remaining 80% can generate thousands of jobs thereby inducting thounads of human resource. Such exhibitions can play a vital role in promotion of auto products and Govt, should encourage holding such exhibitions in foreign countries also.
Where is Pakistan's first car REVO??? we never support tough initiatives like Adam Motors but countries like US always comes to save GM. The sad story of PROFICIENT pickup is also part of our history.