Renault to start convention cars in Pakistan by 2018, says Board of Investment
French vehicle manufacturer Renault will start convention cars in Pakistan by 2018, a Board of Investment (BoI) suggested on Thursday.
“Renault has motionless to deposit in Pakistan. They will start convention cars in Pakistan by 2018,” a BoI pronounced in a statement, claiming a growth was a outcome of a “hectic efforts and persuasion” by Finance Minister Ishaq Dar.
“During Eidul Azha holidays, Finance Minister Ishaq Dar and Dr Miftah Ismail, authority BoI, visited France and met a tip care of Renault,” a communiqué added.
Dar has speedy Renault and Peugeot, another heading French vehicle manufacturer, to deposit and advantage from a expanding vehicle marketplace in a country.
Dar woos French automakers Renault and Peugeot to deposit in Pakistan
The financial apportion had in Sep met member of a dual vehicle manufacturers in Paris and briefed them about a country’s vehicle policy, that offering appealing incentives and concessions to unfamiliar investors.
Pakistan wants to shake adult a Japanese-dominated vehicle marketplace and disencumber a hold of Toyota, Honda and Suzuki, whose locally fabricated cars are sole during comparatively high prices though loiter behind alien vehicles in terms of peculiarity and specifications.
Established in 1899, a vehicle association produces a operation of cars and vans, and has also made trucks, tractors and tanks, among others vehicles in a past.
Article source: http://tribune.com.pk/story/1219792/renault-start-assembling-cars-pakistan-2018-says-board-investment/