It was 2009 when Yamaha first made headlines in Pakistan about investing $ 150 million into a motorcycle plant from where it would manufacture motorcycles to sell locally and export globally but there were hurdles. In a country where we beg for aid and trade, it took Yamaha almost 5 years to get the required approval.
The hurdles included corruption, attempts by local motorcycle manufacturers to block the investment through PAMA, bribery, etc etc.
Credit where credit’s due, after taking charge as Chairman of Board of Investment (BoI), Mohammad Zubair swiftly removed all the hurdles in Yamaha’s investment and got them the approval.
Speaking on Sunday, Mohammad Zubair said, “Yamaha had been trying to get this approval which involved very complex issues since 2009. Just within two months after assuming the charge of Chairman BoI, I have been able to get this done with 100 per cent transparency resolving several complex stages”.
Yamaha is already quite active in India and has even introduced the cheapest motorcycle over there with a quite a vast portfolio which it also plans to introduce over here.