Yamaha motor cycle plant to be inaugurated in Pakistan

[Edevelop]

TOKYO – Minister for Finance Ishaq Dar held a meeting with a high level delegation of Yamaha Motor Corporation here.


The delegation was led by Motorcycle Business Operations, Senior Executive Officer Katsuaki Watanabe. The finance minister welcomed the decision of Yamaha Motors to start business in Pakistan, taking advantage of the new-entrant policy of the government. He informed the delegation that Pakistan offered excellent business and investment opportunities with low labour costs, geographical proximity to the Middle East and Central Asian Republics and South Asia as well as incentives for foreign investors.


He wished the Yamaha delegation the best in its business endeavours in Pakistan and assured that any issues faced by them would be resolved soon. He asked the Yamaha delegation to further market Pakistan by spreading the word about Pakistan's investment conditions amongst other Japanese companies. The Yamaha delegation briefed the finance minister about the progress of work on its motor cycle manufacturing plant.


Dar was informed that the plant would produce 31,000 units in the first year with a localisation of 25 per cent. He was further informed that Yamaha would achieve 55 per cent localisation in three years and 85 per cent in five years. Yamaha delegation stated that the delegation would bring new value to Pakistani market and increase the competitiveness of its industry. Yamaha would initially focus on the domestic Pakistani market and target exports at a later stage.


It was decided that the inauguration of the Yamaha motor cycle manufacturing plant would take place in April this and that Yamaha president would visit Pakistan on the occasion. The meeting was also attended by the Board of Investment chairman, the Pakistan ambassador in Tokyo and other senior officials from the Ministry of Finance and Pakistan Embassy.



Yamaha motor cycle plant to be inaugurated in Pakistan

 

[nair]

I have seen pictures of motor cycle plying in Pakistani roads......... This will surely change the standards in Pakistan....... They have some very good models and their quality standards are also high......

 

[rockstar08]

will create more jobs in Pakistan , good Step ..

 

[Max Pain]

I have seen pictures of motor cycle plying in Pakistani roads......... This will surely change the standards in Pakistan....... They have some very good models and their quality standards are also high......

true, the bikes produced are shitty and their design hasnt changed for decades, I so envy those indian bikes. there are so many of them, different models and different designs, wish our automobile industry was this developed and innovative.
i cant understand that we're making jets in out home but couldnt make decent bikes.

 

[FNFAL]

Je baat. Bikers rejoice!
My personal opinion is this will give customers a better choice than the 2 gen older suzuki gs150 doing rounds there...apart from the hundreds of honda assemblers....and at a cost effective price...

 

[thepakistani]

Can hope better advance bikes in Pakistan. Most bikes are 25 years old honda 70 and its replicas on our roads. Technology has gone way beyond with much better fuel consumption and exust gases. Now bikes like bmw s1000rr innovated abs brakes traction control stabillity sys are poring done in smaller cheaper bikes making them safer and comfortable. Electric bikes and scooters are most popular in world if we get electricity. Solar electricity unit for each house need to be introduced without texes in Pakistan.

 

[iPhone]

Ishaq Dar,.....pft, will probably vanish the entire motorcycle plant next.

 

[Aepsilons]

This is great to read ! I wish the best for Pakistan !

 

[Echo_419]

true, the bikes produced are shitty and their design hasnt changed for decades, I so envy those indian bikes. there are so many of them, different models and different designs, wish our automobile industry was this developed and innovative.
i cant understand that we're making jets in out home but couldnt make decent bikes.

Srsly the bikes I see on PK Roads are very bad & look like they are at least 3-4 decades old

 

[khanboy007]

yeah I remember this (Feb 2013)

Yamaha Building Motorcycle Plant In Pakistan

--------

thank God it's completed on time
great opportunity for employment and improving the standards of life

 

[AsifIjaz]

I wish this materializes.... we need better bikes plying on our road.. after a few models are rolled out Honda will be forced to roll out better models and technology... followed by a chnage in the crap chinese models being churned out..

 

[Viper0011.]

Ishaq Dar,.....pft, will probably vanish the entire motorcycle plant next.

The guy who's the brain behind bringing in these investments, will somehow make them "disappear"??? Nice!

 

[BetterPakistan]

A very good step by govt Yamaha has nice bikes. It will bring Foreign Investment, will create Jobs and new styles of bikes moving on the road of Pakistan.

 

[fatman17]

TOKYO – Minister for Finance Ishaq Dar held a meeting with a high level delegation of Yamaha Motor Corporation here.


The delegation was led by Motorcycle Business Operations, Senior Executive Officer Katsuaki Watanabe. The finance minister welcomed the decision of Yamaha Motors to start business in Pakistan, taking advantage of the new-entrant policy of the government. He informed the delegation that Pakistan offered excellent business and investment opportunities with low labour costs, geographical proximity to the Middle East and Central Asian Republics and South Asia as well as incentives for foreign investors.


He wished the Yamaha delegation the best in its business endeavours in Pakistan and assured that any issues faced by them would be resolved soon. He asked the Yamaha delegation to further market Pakistan by spreading the word about Pakistan's investment conditions amongst other Japanese companies. The Yamaha delegation briefed the finance minister about the progress of work on its motor cycle manufacturing plant.


Dar was informed that the plant would produce 31,000 units in the first year with a localisation of 25 per cent. He was further informed that Yamaha would achieve 55 per cent localisation in three years and 85 per cent in five years. Yamaha delegation stated that the delegation would bring new value to Pakistani market and increase the competitiveness of its industry. Yamaha would initially focus on the domestic Pakistani market and target exports at a later stage.


It was decided that the inauguration of the Yamaha motor cycle manufacturing plant would take place in April this and that Yamaha president would visit Pakistan on the occasion. The meeting was also attended by the Board of Investment chairman, the Pakistan ambassador in Tokyo and other senior officials from the Ministry of Finance and Pakistan Embassy.



Yamaha motor cycle plant to be inaugurated in Pakistan

Motorcycle market growth is in double-digets

 

[Jango]

Can we also please have a competitor to the tin can quality Honda and Toyota and Suzuki in Pakistan?

Kia would be perfect for the Pakistani market.