Saifullah Sani
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A joint Pakistani-Chinese venture intending to launch a tandem type hybrid car has approached the Ministry of Industries and Production (MoI&P) to get pioneer status. The company's representative Major General Mian Abdul Qayoom (retired) in a letter to Secretary Industries and Production, Raja Hasan Abbass has given details of the project and issues being faced by the company. Tandem type hybrid car is an electric car with an added petrol extender adding about 100 km range.
According to M/s Qural Cassettes Limited, the company submitted its proposal for the grant of pioneer status as envisaged in the government policy for the manufacture of electric cars in collaboration with M/s SHIHAO LOCOMOBILE, Chongqing of China. However, Engineering Development Board (EDB) did not consider the company eligible for the grant of pioneer status on the following grounds: (i) that the EDB had already granted an approval to M/s. Korakoram Motors for manufacturing electrical cars some time in 2013; and (ii) for grant of pioneer status, it has been stipulated that the applicant would make minimum investment of Rs 500 million.
M/s Qural Cassettes Limited maintains that to the best of its knowledge, Korakoram Motor has not, so far, commenced the manufacture of electric cars, as no such cars are seen on the road. The company argues that the condition for pioneer status is not appropriate as it tends to support only those who are already very rich and denies less privileged investors from "innovating" new ideas/technologies.
Tandem Type hybrid Car, the company adds, would be the first car of its kind produced in Pakistan, which would normally, be run electrically and use the "extender" as a stand-by-for another 100-miles, if the batteries cannot be charged immediately. This would be an ideal transport to be used in cities without causing environmental pollution. The company pleads that this joint venture with Chinese entrepreneurs deserves to be granted pioneer status, along with all other duty concessions permissible to Pioneer Industries, under the existing policy.
Joint Pak-Chinese venture to launch electric car | Business Recorder
According to M/s Qural Cassettes Limited, the company submitted its proposal for the grant of pioneer status as envisaged in the government policy for the manufacture of electric cars in collaboration with M/s SHIHAO LOCOMOBILE, Chongqing of China. However, Engineering Development Board (EDB) did not consider the company eligible for the grant of pioneer status on the following grounds: (i) that the EDB had already granted an approval to M/s. Korakoram Motors for manufacturing electrical cars some time in 2013; and (ii) for grant of pioneer status, it has been stipulated that the applicant would make minimum investment of Rs 500 million.
M/s Qural Cassettes Limited maintains that to the best of its knowledge, Korakoram Motor has not, so far, commenced the manufacture of electric cars, as no such cars are seen on the road. The company argues that the condition for pioneer status is not appropriate as it tends to support only those who are already very rich and denies less privileged investors from "innovating" new ideas/technologies.
Tandem Type hybrid Car, the company adds, would be the first car of its kind produced in Pakistan, which would normally, be run electrically and use the "extender" as a stand-by-for another 100-miles, if the batteries cannot be charged immediately. This would be an ideal transport to be used in cities without causing environmental pollution. The company pleads that this joint venture with Chinese entrepreneurs deserves to be granted pioneer status, along with all other duty concessions permissible to Pioneer Industries, under the existing policy.
Joint Pak-Chinese venture to launch electric car | Business Recorder
