Muhammad Omar
ELITE MEMBER
- Joined
- Feb 3, 2014
- Messages
- 13,558
- Reaction score
- 15
- Country
- Location
Wednesday, November 11, 2015
Islamabad—The French Ambassador Martine Dorance, Tuesday, observed that French automobile companies were keen to invest in Pakistan. Therefore, concessions can be given in the start to new French entrants in Pakistani automobile market” she floated a proposal to Federal Minister for Industries and Production Ghulam Murtaz Jatoi. According to Ministry of Industries and Production, the Minister agreed to the proposal saying that pacific concessions had already been added as a strategy in the new Auto Policy 2015.
Speaking about the French automobile industry, the Ambassador said that many French companies were interested in investing and settings up assembly plants in Pakistan. She revealed that major interest was shown by Renault–Nissan Alliance, a Franco-Japanese strategic partnership between automobile manufacturers Renault, based in Paris, France, and Nissan, based in Yokohama, Japan, which together sell more than one in 10 cars worldwide.
Speaking in a meeting, the hoped that Pakistan and France could bring bilateral relations to a new frontier under her leadership. Dorance also said that localization of spare parts by French companies could also be discussed to assist the infrastructure of French cars assembly Jatoi also discussed the possibility of green technology and wind energy cooperation between both countries. The Ambassador said that a delegation of business people could be sent at the beginning of next year and stakeholders from specific sectors can meet their Pakistani counters parts on such visits.
Jatoi assured full cooperation of his Ministry and will help alleviate all hindrances to attract investment. The Minister for Industries & Production stressed that the Pakistani market has a high demand for smaller cars keeping in mind the income level of its people. He added that Pakistan is a strategic asset, which can act as a hub to Asia for Western partners such as France.