Yamaha to spend $150 million in Pakistan, set up new plant at Bin Qasim

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