After the ingress of two South Korean giants (Hyundai/ KIA) in the Japanese dominated Pakistani automobile market.Chinese manufacturers are also showing quite a lot interest in setting up assembling plants in the country. A Chinese delegation manufacturers and assemblers of automobiles counting heavy-duty trucks, engines, auto parts and tires have also shown quite a lot of interest in setting up vehicle manufacturing plants in Pakistan. The delegation, consisting of representatives of about 500 auto companies that articulated the objective for investment through a visit to the Islamabad Chamber of Commerce and Industry (ICCI).
Delegation members that consisted of notable companies counting Jinan Zhongzhan International Trade, Jinan Bonaite Trading Company, Hebei Xinjiu Heavy Duty MachineryMakes Company, Sinotruck and Shanghai Cheezmail E-Commerce Company, persisted that they were producing vehicles in line with European Union standards and were eager to survey business opportunities for vehicle, engine and auto-part manufacturing in Pakistan.
The members said that firstly they are concerned in finding local partners for supply of automobiles and auto parts in Pakistan and on booming operation of business they would try to set up auto manufacturing plants and bonded warehouses via joint ventures and investment in Pakistan.
The delegation members uttered they also sought after to share their technical knowledge and proficiency with Pakistani manpower in this field. It was resoluted that the ICCI would organize 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 uttered that heavy duty trucks and vehicles have large scope in Pakistan as road freight transportation added over 90% of the goods transported by land.