Volkswagen to Setup a $135 Million Plant in Balochistan

[SSGcommandoPAK]

In collaboration with Premier Motor Limited, the German automaker, Volkswagen is planning on investing $135 million on a vehicle manufacturing plant in Balochistan. The land for this project has already been acquired and the plant will be fully operational by 2021.

The development comes in the aftermath of ‘category-A Greenfield investment status’ awarded to Karachi-based Premier Motor Limited under its agreement with Volkswagen.

The partnership will initially manufacture double-cabin vehicles and vans. Premier group is also the only distributor of Audi cars in the country and the Greenfield status was awarded by the Ministry of Industries and Production, confirmed Engineering Development Board (EDB) Deputy General Manager Asim Ayaz.

13 out of the 15 interested players have been awarded the Greenfield status in line with the new Auto Policy which aims at bringing in investment and more competition among automakers in Pakistan’s Japanese-dominated car industry.

The entry of new automakers will not only reduce the prices but also lead to increased competition for quality, therefore, providing the masses with more options. It will also create a large number of jobs in the country.
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https://propakistani.pk/2019/04/09/...5gtZgccpj7zxqXHveJaPtz9OKXw414BZw2Qd3ODTNgBK8

 

[maximuswarrior]

Very good development.

 

[bananarepublic]

In collaboration with Premier Motor Limited, the German automaker, Volkswagen is planning on investing $135 million on a vehicle manufacturing plant in Balochistan. The land for this project has already been acquired and the plant will be fully operational by 2021.

The development comes in the aftermath of ‘category-A Greenfield investment status’ awarded to Karachi-based Premier Motor Limited under its agreement with Volkswagen.

The partnership will initially manufacture double-cabin vehicles and vans. Premier group is also the only distributor of Audi cars in the country and the Greenfield status was awarded by the Ministry of Industries and Production, confirmed Engineering Development Board (EDB) Deputy General Manager Asim Ayaz.

13 out of the 15 interested players have been awarded the Greenfield status in line with the new Auto Policy which aims at bringing in investment and more competition among automakers in Pakistan’s Japanese-dominated car industry.

The entry of new automakers will not only reduce the prices but also lead to increased competition for quality, therefore, providing the masses with more options. It will also create a large number of jobs in the country.
.....................................
https://propakistani.pk/2019/04/09/...5gtZgccpj7zxqXHveJaPtz9OKXw414BZw2Qd3ODTNgBK8

Finally Baluchistan is getting its fair share of investment

 

[baqai]

bloody good news, Baluchistan needs attention and we need sexy Golf GTI's

 

[CrazyZ]

gwadar??

 

[TheNoob]

OOOF.

Surprise news.
Now... lets see if they actually do it.

 

[maximuswarrior]

OOOF.

Surprise news.
Now... lets see if they actually do it.

This isn’t Hindustan gayboy.

 

[Syed1.]

This isn’t Hindustan gayboy.

maximus jani itna opar se anay ki zarorat nahi thi...

 

[maximuswarrior]

maximus jani itna opar se anay ki zarorat nahi thi...

Is ko niche se bhi pakarhna baaqi he.

 

[CrazyZ]

No wonder Japan wants to all of sudden enhance ties. Their strangle hold on the Pakistani car market is planned to be broken.

 

[Jinn Baba]

Probably in Gaddani (near Karachi) if Balochistan. Doubt its Gwader or somewhere like Quetta. Can someone confirm?

 

[Syed1.]

Probably in Gaddani (near Karachi) if Balochistan. Doubt its Gwader or somewhere like Quetta. Can someone confirm?

Most likely it'll be in Hub which is just stones throw away from Karachi.

 

[Zee-shaun]

This has got to be fake news because just a few days ago Sushma Didi said she had succesfuly isolated Pakistan.

 

[Indus Pakistan]

Very good development.

Not really mate. More rent seeking. More of the assembly mafia. Think about this. $135 million for a car plant is minnows.

 

[CrazyZ]

Probably in Gaddani (near Karachi) if Balochistan. Doubt its Gwader or somewhere like Quetta. Can someone confirm?

I see huge industrial potential in Gwadar. Its empty, no one to complain. Try setting a large mill or factory in India or Bangladesh. Millions of people will protest against it because of land loss.

Great solar resources, easy access to fossile energy from the gulf or central asia... A lot of Chinese infrastructure investment. I can see the Germany/EU moving in as well.

Great news. where ever its located.