Auto industry to provide engineering base of the country


Indus Motors Company (IMC), being the platinum sponsor for Pakistan Auto Parts Show (PAPS 2011) that is going to be held in Lahore from October 24-26, 2011, has aimed to provide a common platform to local engineering firms for knowledge sharing and new ventures. Indus Motor Company (IMC) CEO Pervez Ghias said in a statement here on Friday.
He said, “Auto industry in Pakistan is committed to play its role in development of the engineering base of the country – sponsoring ‘PAPS 2011’ is a step in this direction that would showcase achievements of Pakistan auto industry in terms of localisation”. He said that IMC had taken this initiative to promote local auto parts industry and look towards more export opportunities.
Ghias praised the efforts of local vendors in developing the engineering base and enhancing the skill sets of local engineers that helped auto manufacturers in achieving 60 per cent localisation. IMC is fully committed to the localisation process and has already developed 60 vendors and has arranged 34 technical assistance agreements for transfer of technology.