Published On: Sun, Oct 27th, 2013

Yamaha: SIGNING CEREMONY OF NEW ENTRANT AGREEMENT

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The signing ceremony of new entrant agreement has been signed between Yamaha, Japanese and Ministry of Industries on October 23, 2013 at 11:00 AM in the Board of Investment, Islamabad in the presence of Chairman, BOI Mr. Mohammad Zubiar. The agreement was singed by Mr. Shafquat Hussain Naghmi Secretary, Industries from Pakistani side while Mr. Yasushi Ito, Managing Director of Yamaha   from Japanese side. On this occasion the Chairman, BOI highlighted the initiative and credibility of the present Government and investment opportunities available in Pakistan. M/s Yamaha was also fully support by Minister for Finance, Mr. Ishaq Dar and Secretary Industries Mr. Shafquat Hussain Naghmi to materialized this mega project for manufacturing of Yamaha motor cycle plant at Karachi.

The Chairman, BOI informed that all steps are being taken by the present Government 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.
Mohammad Zubair also 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.

 

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