(EDB) Inaugurates Pakistan’s Largest Automobile Event In LAHORE
Lahore: 4th March, 2016 – The Cheif Executive Officer Engineering Development Board – Tariq Chaudhry inaugurated the Pakistan Auto Show 2016 at the Expo Centre in Lahore. This annual event will continue from the 4th to 6th of March 2016. Organized by the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM), the grand event features more than 135 international & local Auto-manufacturers and related enterprises. This pioneering exhibition showcases the robust growth and vast potential of Pakistan’s Automobile industry. It reflects the nation’s pursuit to become the future hub for auto manufacturing, since Pakistan is already the cheapest source in the world, for producing tractors.
Speaking to the media, during the spectacular inaugural ceremony, The Cheif Executive Officer Engineering Development Board – Tariq Chaudhry stated that: “Pakistan’s Automobile Industry continues to play a pivotal role in strengthening the national economy and elevating the image of Pakistan as a progressive country with a strong industrial base. The government is deeply committed to take all possible measures to encourage large-scale investments and enhance the business friendly environment for the Automotive and engineering sectors. We endeavour to provide a more enabling infrastructure, on war footings, to set up industries all over Pakistan. I congratulate our local industrialists and engineers who have achieved remarkable success in establishing a sophisticated engineering sector, which is creating tremendous new opportunities for value-added exports.” Chairman PAAPAM Mumshad Ali stated that “The demand for automobiles is expected to rise continuously over the next 3-5 years. Countries of comparable population, such as Indonesia, produce 1.3 million vehicles annually. The big challenge for the Government is to give confidence to local assemblers & vendors to make immediate investments in capacity expansion to meet the upcoming demand.
The Chief Organizer of Pakistan Auto Show 2016 and the former Chairman of PAAPAM – Syed Nabeel Hashmi said that: “Over the years, the Pakistan Auto show has emerged as the most resourceful platform for enabling a Paradigm-Shift in Pakistan’s Automotive industry. Today, this Mega event attracts more than 75,000 visitors from all over Pakistan and abroad to see the revolutionary technologies being deployed in Pakistan. These participants include the global Automobile Brands, along with spare-parts manufacturers, component suppliers, Original Equipment Manufacturers (OEM vendors), automobile traders, investors, buyers and enthusiasts, who want to expand their business networks and gain more information about the innovations and products in this sector.” Mr Hashmi further added that its the Automotive Industry only which being a captial and highly value added indsutry can can boost Pakistan’s large scale manufacturing to over 6%-7%. The Indsutry gives massive employment as well as upgrades the society at large technologically. Mr Hashmi also asked for completion of the Lahore Expo centre which being in the stage it is cannot fully accommodate the whole auto indstry under one roof.The inaugural day at the show, saw an overwhelming response from industry stakeholders, international large-scale buyers and diverse consumer segments, as the Pakistan Auto Show features; cars, tractors, trucks, buses, 4X4, Motorcycles, three wheelers and exotic cars, while promoting a wide array of advanced technologies and solutions, including; Engines, Casting, Forging, Sheet Metals, Jigs & Fixtures, along with electronics, car-paints, tools, tires, batteries, plastic parts, Rubber parts and accessories. During the event, the visitors can also acquire valuable information on Car-financing, Auto-insurance, Service-centres and other relevant offerings.
The three day event also facilitates valuable training sessions, cohesive initiatives and technological collaborations among the Auto-engineering and trading communities in the industry, to accelerate industrial development said Mashood Ali Khan, Senior vice Chairman PAAPAM.The event also attracts relevant Government officials, regulators, precision-engineering experts, Raw Material suppliers, used-car dealers, service, repairs, body-work professionals, Automobile Financing companies and other Service Providers. The industry experts will hold extensive deliberations to overcome the challenges and devise collective growth strategies. Several prestigious universities will present their insightful Academic projects during the event.
The participating companies include leading auto manufacturers from several industrially advanced countries, including; Toyota, Honda, Suzuki, Isuzu, Hino, UD Nissan and Yamaha from Japan, Massey Ferguson Tractors and Land Rover from UK, Fiat Tractors from Italy, FAW Trucks & Cars from China and many more.