Toyota Pakistan To Start Exporting Auto Parts to Egypt
In a significant milestone, Toyota Pakistan has signed an agreement with Toyota Egypt to export high-quality auto parts to Egypt. After this deal, the car assembler joined the automaker club that exports vehicles to other countries. Other notable names in this club are Sazgar Engineering and Changan Pakistan.
Toyota Pakistan Statement
As per a press release by the company, this collaboration is a remarkable achievement for IMC and a significant step towards establishing its global footprint. It is also the first time for any local automotive part to be part of the Toyota Global Supply Chain, opening new horizons and encouraging other such manufacturers to follow suit,” it read.
The first consignment of semi-processed raw material to be shipped to Toyota Egypt will mark the beginning of an era from the export point of view by any OEM in Pakistan, and plans are in place to continue in this direction.
This partnership with Toyota Egypt is the first step to meet requirements set under the Auto Industry Development and Export Policy (AIDEP) 2021-2026. This is a significant milestone that will not only augment IMC’s export capabilities and serve as a testament to IMC’s quality standards but also contribute immensely towards the development of Pakistan’s growing auto industry.
Statement by IMC CEO
At a small ceremony held at the company’s plant at Port Qasim, IMC’s Chief Executive, Ali Asghar Jamali, said that seeing the ‘Make in Pakistan’ dream cross international borders is a big moment for us and the country. “Becoming part of Toyota’s global supply chain is an affirmation of IMC’s commitment to see Pakistan on the world map and strengthening its overall economy,” he added.
Jamali also stated we are looking forward to further enhancing our capabilities with this collaboration, but it does not stop here; we plan to go further and beyond this to place Pakistan’s auto industry as a symbol of reliability and quality globally.”
He further said, “What’s more, this step will bolster connectivity between Africa and Pakistan and boost trade links under the government’s “Look Africa” policy. “