In the recent development, Chinese investors are planning to construct an automobile and chemical city in Gwadar under the umbrella of CPEC. According to a private news channel, Chinese investors along with concerned government authorities have started their homework for initiating an automobile city in Gwadar. In this context, local automobile companies have been advised to join hands with Chinese companies as this would be beneficial for the sales of local industry and would also help in the transfer of technology. It is yet to be seen that when will Chinese authorities turn their paperwork into reality. Considering the uprise in Chinese firms and contractors coming in to Pakistan to reap the benefits from the development of China-Pakistan Economic Corridor, an accelerated move should not come off as a surprise. Add the overwhelming presence of Chinese automobile firms, both for commercial and passenger vehicles at this year’s Pakistan Auto Parts Show 2017, the intention is quite clear. The only decisive matter is when?
Industry experts are claiming that this step will accelerate Pakistan’s automobile industry to push the boundaries of progress after a long period of stagnancy. Currently the local automobile manufacturer are working at their full capacity to meet the increasing demand but considering the backlog of 2-3 months on a majority of cars, it is clear that the big-3 can’t simply keep up with the orders, which has lead to an unprecedented increase in premium of these cars.
