Dr. Joseph
Baumert, Member Volkswagen Board of Management, today called on Prime Minister
Shahid Khaqan Abbasi at the Prime Minister’s Office.
Mr. Andreas Sprindler, Head of
Overseas Production, Mr. Oliver Glaser, Head of Asia Pacific, Mr. Klaus – Bo
Steindorff, International Policy Foreign and Governmental Relations and Mr.
Yuri Konushin, Head of CKD, Syed Arshad, CEO Premier Systems Pvt Ltd., accompanied
Mr. Joseph Baumert. Secretary Board of Investment was also present during the
meeting.
The Prime Minister welcomed the
decision of Volkswagen to invest and undertake business venture in Pakistan and
assured all possible facilitation and support to the company.
Highlighting
the strengths of Pak economy, the Prime Minister observed that
investor-friendly policies of the present government, the economic turnaround
achieved in the last four years and improved security situation, offered the
international business community huge incentives to invest and reap the
benefits from a fast growing economy.
He said that with its low
motorization rate in the region and an enhanced road networks—especially in
wake of CPEC project and greater spending on communication infrastructure,
Pakistan offered great opportunities to the international automobile companies
to fill in the existing demand-supply gap through local production.
The
Prime Minister also highlighted various features of the Auto Policy (2016-2021)
that offers tax incentives and greater incentives to the new entrants in order
to enable the introduction of new brands, develop market shares, create
distribution and aftersales service networks and develop part-manufacturer
base. The Prime Minister expressed the hope that
Volkswagen’s production in the country would add quality vehicles at
international standards. Dr. Joseph Baumert
thanked the Prime Minister for meeting his delegation. He expressed the hope
for a successful business venture in Pakistan.