Suzuki Motor eyes new biogas plant in Karachi

May 23, 2024 (MLN): In an attempt to strengthen its presence in Pakistan, Suzuki Motor Corporation has expressed its interest in setting up a biogas plant in Karachi.

The interest was conveyed by Kenichi Ayukawa, Global Vice President of Suzuki Motor Corporation, during a meeting with the Federal Minister for Industries and Production, Rana Tanveer Hussain, on Thursday in Islamabad.

While welcoming the delegation, the Federal Minister for Industries and Production remarked that the auto industry is a key sector for Pakistan's economy, providing significant contributions in terms of employment, economic growth, technology transfer, and industrial development.

The government is supporting the localization of the automotive industry by providing tax breaks and other incentives to automakers, and by investing in research and development.

Incentives on new technologies of Electric Vehicles and Hybrids are being provided including duty free import of plant and machinery for setting up plants for EV manufacturing.

Recently, 43 companies have been issued manufacturing certificates for local manufacturing of EV 2/3 wheelers.

The Federal Minister stated that Pak Suzuki journey in the development of local industry has been marked by steadfast commitment to innovations, quality and customer satisfaction.

Over the last four decades, Pak Suzuki has played a vital role in the development of the local auto vending industry, contributing significantly to job creation, economic growth and technology transfer through arranging joint ventures and technical assistance agreements between local and foreign suppliers, hence paving the way for localization of several high-tech parts.

Kenichi Ayukawa, Global Vice President, Suzuki Motor Corporation shared that Suzuki has been manufacturing and exporting vehicles in Pakistan for the last 40 years.

Recently, the inauguration of the export of Suzuki Swift and GS-150 motorcycles from Pakistan marks a pivotal moment in Pakistan’s journey toward becoming a global player in the automobile industry.

The Federal Minister said that export is the top priority of the Government. The auto sector has been facilitated through an incentivized / concessionary regime for the past three decades.

It is time that this sector which has been incentivized for a long may start contributing significantly toward export revenue for the country.

"The government is ready to provide all the support needed to succeed in this national cause," he added.

This collaborative approach of the government shows its commitment to fostering a conducive business environment that promotes growth and sustainability of the Pakistan Auto industry.

The Federal Minister, Rana Tanvir Hussain assured the visiting delegation that the government will provide necessary support and facilitation to Suzuki Motor Corporation in business operations and expansion in Pakistan.

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