Yamaha to invest $150m on bike plant in 5 years

[Edevelop]

ISLAMABAD Board of Investment Chairman Muhammad Zubair on Tuesday announced that the government has granted permission to Yamaha Company to establish motorcycle plant in Karachi and the company would invest $150 million during the next 5 years but would start operations in December 2014.
He, while praising the performance of current regime, said that the last government of Pakistan People’s Party did not issue licence to Yamaha that was applied in 2009 but under the new government, BoI in just 3 months made it possible. This would help boost the foreign direct investment and technology transfer in the country, he said.
He said in a media briefing that Ishaq Dar took up the matter in Economic Coordination Committee of the Cabinet that after detailed deliberations and expediting the process, allowed the company to setup the plant. Yamaha at the initial stages would produce 25 percent motorcycles in Pakistan that will be increased with the passage of time.
Muhammad Zubair said that the government had formulated a motorcycle policy just in 3 months while taking all the stakeholders on board. He said that government has offered incentives to local and foreign companies for introducing latest technologies.
All steps are being taken to attract foreign direct investment and development of local industry. But local industry would have to introduce modern technology to be the beneficiary of new policy formed by the government, he added.
Muhammad Zubair said that decision of Yamaha to establish its plant in Pakistan will encourage other famous brands to invest in different sectors of the economy as the country offers more lucrative business opportunities as compared to the regional countries.
He also said that government was also negotiating with laptop manufacturers to establish their plants in Pakistan. He mentioned that Foreign Direct Investment fell significantly during the tenure of previous government

Yamaha to invest $150m on bike plant in 5 years

 

[Black Eagle 90]

They should also open some R&D facility in Sindh and Balochistan as well.

 

[A.Rafay]

Would love to buy Pakistan assembled Yamaha bike! I wonder what model it will be.

 

[Gentle Typhoon]

It seems like ages, I can post news article from 2009 onward stating Yamaha will build plant very soon in Pakistan. I think it is fake news being circulated just like coal discovered etc.

2009 -

Yamaha to build new bike plant in Pakistan

YAMAHA ARE TO invest $150 million in motorcycle manufacturing plant in Pakistan.

President of Yamaha Takashi Kajikawa announced the move at the company’s headquarters at Hamamatsu.

The plant is to be established in National Industrial Park at Bin Qasim, Karachi.

Mr Kajikawa said the company in the first phase would produce around 22,000 motorcycles by 2012, with a view to manufacturing motorcycle engines in Pakistan by 2017.

‘The company intends to make Pakistan a base for exports to neighbouring Asian and African countries,’ said Kajikawa.

Feb 2011 -

Yamaha to spend $150 million in Pakistan

TOKYO: Yamaha Motors Pakistan will spend $150 million and set up a new plant at 50 acres plot in Bin Qasim near Karachi said Hiroyuki Yanagi, President Yamaha Motors in a meeting with President Asif Ali Zardari here on Wednesday.

President Yamaha Motors said their company would bring advanced technology to Pakistan where initially 22,000 motorcycles of 125-150 cc, per year, would be manufactured in the factory with EFI engines and during the next ten years its production would reach to 750,000.

The company would also provide comprehensive training, technical education to its employees, dealers and vendors.

He said annual production of Yamaha Motors company is: cars 500,000, trucks/buses, 25,000, LCV's 40,000 units and agri tractors 50,000 units.

He said the project would create huge employment opportunity where 45,000 people would get jobs.

President Asif Ali Zardari told Hiroyuki Yanagi that Pakistan welcomes Japanese investment in various sectors and would provide attractive facilities and security to foreign investors.

He said that the foreign investors can get maximum benefits from prime location of Pakistan from where they can export their products to rest of the world. He said that Pakistan would prove a hub for foreign investors. (APP)

May 2011 -

Yamaha Japan may scrap plans for plant in Karachi

TOKYO: Yamaha Motors Japan may cancel its 150 million dollars investment plan to set up motorcycles manufacturing unit in Pakistan due to bureaucratic hurdles, sources close to the matter told The News on Friday.

Even President Asif Ali Zardari failed to get implemented his own orders to facilitate Yamaha Motors in establishing its unit in Pakistan, sources said.

Yamaha’s plan to set up its manufacturing plant in Karachi, for local sales and exports, was delayed due to bureaucratic snags and opposition from Dawood Yamaha, the Pakistani franchise holder.

India has started talks with Yamaha to review its plan and initiate the same project in India, sources said.

Yamaha may consider Indian offer due to cold response from Pakistan, sources said.

Yamaha was waiting for a response from Pakistan for last three years, sources said. During this period Yamaha’s senior officials met with President Zardari at least twice, and President Zardari welcomed them to invest in Pakistan but the bureaucracy created hurdles for Japanese automobile giant to initiate the project in Pakistan.

Yamaha Motor President Hiroyuki Yanagi met with President Zardari during his visit to Japan in February. Yanagi requested Zardari to remove the hurdles to Yamaha Japan’s entry in Pakistan, sources reminded.

Minister of Industries Mir Hazar Khan Bijarani, Chairman Board of Investment Saleem Mandviwala, Secretary Industries, and other officials were present at the said meeting where President Zardari issued orders to all the concerned people to immediately help Yamaha start its project in Pakistan. But the situation remains unchanged even after four months, sources said.

 

[Bilal.]

It seems like ages, I can post news article from 2009 onward stating Yamaha will build plant very soon in Pakistan. I think it is fake news being circulated just like coal discovered etc.

The reason is given below:

He, while praising the performance of current regime, said that the last government of Pakistan People’s Party did not issue licence to Yamaha that was applied in 2009 but under the new government, BoI in just 3 months made it possible. This would help boost the foreign direct investment and technology transfer in the country, he said.

 

[Xracer]

It seems like ages, I can post news article from 2009 onward stating Yamaha will build plant very soon in Pakistan. I think it is fake news being circulated just like coal discovered etc.

2009 -

Yamaha to build new bike plant in Pakistan




Feb 2011 -

Yamaha to spend $150 million in Pakistan




May 2011 -

Yamaha Japan may scrap plans for plant in Karachi

yes as Bilal.said Yamaha was trying for their license from 2009 but it got approved in pmln Govt