ISLAMABAD: The Japanese motorcycle manufacturing company Yamaha will invest US$ 150 million for establishing a motor cycle plant in Karachi.
A business delegation led by senior manager, Yahama along with other members of the company called on the Advisor to Prime Minster on Industries, Mohammed Basharat Raja here on Thursday.
The delegation informed that the investment will provide the employment opportunities for about 45,000 people besides technology transfer for the motorcycle industry.
They said that the company will also provide technical education for the people which will help in economic development in the country.
The Advisor to Prime Minister welcomed the Japanese investment in the sector and assured full facilitation and cooperation of the government.
He informed the delegation that motorcycle industry has rapidly flourished in the country during the last four years and there was a huge market of motorcycles in the country.
Raja Basharat said that Pakistan was producing about 1.5 million motorcycles per annum and also exporting to other countries.
A large portion of the local population was consist of middle class which have the power to purchase the motorcycle and due to this reason Pakistan was the best place in the region for investing in auto-sector.
He informed the delegation that modern technologies would be introduced for manufacturing energy efficient and environment friendly motorcycles to create space in the international market.
Copyright APP (Associated Press of Pakistan), 2012
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