The National Logistic Cell (NLC) has made up our minds to invest in auto sector in collaboration with a German company in order to cater the emerging call for of heavy business automobiles following the graduation of China-Pakistan Financial Hall (CPEC), DawnNews reported on Friday.
“National Logistic Cell has deliberate to set up manufacturing crops [in Pakistan] with German Company to produce top movers,” stated Engineering Construction Board (EDB) leader Tariq Chuadhry.
The NLC will to begin with be making an investment Rs500 million to Rs700 million to set up a manufacturing plant in Pakistan in a bid to manufacture heavy business automobiles in collaboration with German MAN truck and Bus Company, the authentic additional stated.
Within the first segment, vans can be produced to meet the necessities of Pakistan Military whilst in the second one segment — protecting in view the emerging call for beneath CEPC — heavy business automobiles can be produced as smartly, it’s been learnt.
Round 700 to 1,000 heavy automobiles shall be produced once a year and later at the manufacturing capability will probably be enhanced accordingly, the reputable stated.
MAN Truck and Bus, with headquarters in Munich, is likely one of the main global providers of industrial automobiles and shipping answers in Europe, with manufacturing crops in 3 Ecu nations in addition to in Russia, South Africa, India and Turkey.