Robert BOSCH Automotive, a German auto parts manufacturing company, has signed an agreement Koh-i-Noor Trading, a private Pakistani concern, for sale and distribution of universal auto parts in the country. The agreement was signed between the two concerns at ceremony at Rawalpindi Chamber of Commerce and Industry (RCCI), said a press release on Wednesday.
Speaking on the occasion, Vice President Robert BOSCH Automotive Andreas Bodeman said the purpose of this investment was to explore the Pakistani auto sector. Acting RCCI President congratulated both the parties for this accord and expressed the hope that the provision of German auto parts in the country would not only help break the monopoly but also the motorists would have access to the co-operatively inexpensive and quality products.