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Thread: Yamaha to invest $150million in Pakistan

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    Thumbs up Yamaha to invest $150million in Pakistan

    This is the latest and confirmed news. I heard the news on GEO and also came across this LINK

    I see it as a prologue to an entirely new era in "motor biking" in Pakistan. For the first time Yamaha will locally manufacture bike from 125 to 150cc range, plus the bikes will be featured with EFi technology.

    Lets hope they bring something according to the desires of the biker's community.

    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    Guys I just went through this article in Business Recorder of dated January 28, 2013... I think there is still some hope for YAMAHA... or it is just a statement from Mr.Saleem Mandiwala ... Only time will tell...

    .
    .
    .
    Foreign Direct Investment

    Saleem Mandviwalla, who retains the charge of Chairman, Board of Investment, expressed satisfaction over the improvement in FDI inflows to the country during the first half this fiscal. "That improvement in the FDI inflows was mainly driven by the investments in the oil & gas exploration and financial sectors by the global companies in the country. This is a sign of hope despite all the problems Pakistan is facing. I am expecting two major FDIs to come to Pakistan very soon. First one of these is a 150 million dollars investment by Yamaha motorcycles, for which the ECC approval has recently been received. Second, we are now preparing to approach the ECC with another summary of 400 million dollars investment from Lotte PPTA Limited," he informed.

    Last year, the Parliament finally approved the 'Special Economic Zones Bill', which was championed by Saleem and his team at BOI. The SEZ Law allows the government to create industrial clusters with liberal incentives and infrastructure, to offer investor facilitation services to enhance productivity, and to reduce cost of doing business. Saleem pointed out that various countries have been showing keen interest to invest just because of the passage of this bill. However, he stressed that the success of this measure will be possible if provincial governments become proactive in their engagement.



    Complete artilcle on this link

    'Pakistan's external account worries would go away if remittance flows from parallel systems are routed through the official channels' | Business Recorder



  3. #182
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    Default good news

    Yamaha to invest 150million in Pakistan -1138805

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    ^+1
    This is now confirmed and official news. Good times will come..
    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    Yamaha Plz came back as the way u were in 90,s
    And plz come with 125+cc engine for God sake
    Can,t think of a better signature

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    Hope this happens to its earliest.
    I am only responsible for what I say, not for what you understand..

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    I postponed buying CG when i got rumored about CG150 then it drained out after PBC official vist now I was planning again a CG-Replica just like SilentBiker and now Yamaha Rumor is in the sky .... ** SH*T **
    https://www.pakwheels.com/forums/motorcycle-travel-diaries/277725-sober-riders-visit-khunjerab-adventurous-way-via-nori-pass

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    ^^^ hahah... True .... but wait till this budget.
    I am only responsible for what I say, not for what you understand..

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    I hope we see some yamaha models this year..would buy 1 in no time
    The one thing that unites all human beings, regardless of age, gender, religion, economic status, is that, deep down inside, we all believe that we are above-average drivers.

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    ^ me too
    Can,t think of a better signature

  11. 03-03-2013, 07:40 AM
    r1

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    expected Yamaha launch
    expected AHl 150cc
    expected Ravi new model
    2013 sounds great for we bikers


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    u meant to say.. hum sab ummeed say hain.

    Sent from my HTC One X using Tapatalk 2
    Rise from the ashes,.....

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    yeeaahh..

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    As for Yamaha, the new model may take some time unless they first bring some CBU models..so we might have to wait but the new sun will rise..
    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    i also fan of yamaha it's good news

  17. 04-03-2013, 08:19 AM
    r1

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    Quote Originally Posted by vickytulla View Post
    I postponed buying CG when i got rumored about CG150 then it drained out after PBC official vist now I was planning again a CG-Replica just like SilentBiker and now Yamaha Rumor is in the sky .... ** SH*T **
    Vicky bhai postpone your idea again for three years

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    some senior member including pasha sahab did eloborated his finding and they are shared on the PBC website only I saw a thread there...

    Quote Originally Posted by r1 View Post
    Did PBC contact Yamaha for further more information? What i think Yamaha require 2, 3 years for production because at the moment its just a news. I myself waiting if the launch FZ series in Pakistan.

    Yea same feeling... any ways I am bringing up the cruiser soon on road again .. as business has started to breath without vantilator and I can give some time to hobby now.

    Quote Originally Posted by racer7 View Post
    Vicky bhai postpone your idea again for three years
    https://www.pakwheels.com/forums/motorcycle-travel-diaries/277725-sober-riders-visit-khunjerab-adventurous-way-via-nori-pass

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    Quote Originally Posted by r1 View Post
    Did PBC contact Yamaha for further more information? What i think Yamaha require 2, 3 years for production because at the moment its just a news. I myself waiting if the launch FZ series in Pakistan.
    That's why I said that the new model may take some time, unless they bring CBU models in the mean time. But change will surely come now.
    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    Woooohooo!!!!

    Yamaha Japan in Pakistan is like..... The Dark Knight Rises


    Yamaha to invest $150million in Pakistan - batmobile
    31.5497 N, 74.3436 E

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    New entrant in motorcycle industry: Mandviwalla fails to guarantee incentives | Business Recorder


    New entrant in motorcycle industry: Mandviwalla fails to guarantee incentives

    Former Finance Minister, Saleem H Mandviwalla, failed to guarantee incentives for a noted motorcycle brand as new entrant despite all efforts till last day, well informed sources told Business Recorder.The company has announced investment of $150 million in Pakistan to manufacture Yamaha motorcycle in Pakistan.

    A meeting was convened on March 14, 2013 in this regard on the pressure of the then Finance Minister, however, Secretary Industries, Shafqat Naghmi foiled his endeavour to notify the incentives for M/s Yamaha in the that meeting by constituting a submit committee under the chairmanship of CEO Engineering Development Board (EDB). CEO EDB is brother in law of Secretary Industries and a former employees of one the subsidiaries of House of Habib.

    Official documents reveal that Secretary Industries observed that new entrant policy should be defined based on economic considerations wherein new entrant in the automotive sector may be allowed a head start over existing players and lead time for development of vendors and related infrastructure. He suggested that EDB may include motorcycle as part of the auto policy.

    The tariff incentive for different auto sector may, however, be different for all kind of vehicles including motorcycles. The Chairman emphasised the need for a clear definition and qualifying criteria for new entrants covering all aspects including technology. The representative of Board of Investment (BoI) suggested that for the time being the exercise should be confined to the new entrant motorcycle as contained in the SRO issued by FBR.

    DECISIONS

    The chair decided to set-up a sub-committee under the chairmanship of CEO, EDB and with members from Board of Investment and Ministry of Commerce to review the new entrant policy and formulate new policy framework for new entrants in the motorcycle sector for which EDB shall develop the Terms of References (ToRs) which will finalise it recommendations within 15 days after issuance of the notification.

    New entrant policy for motorcycles sector was not included in AIDP (2007-2012). New entrant policy for motorcycle of 100cc and above was notified by FBR vide SRO 09(I)/2013 on January 4, 2013 to encourage new investment and technology in this sub-sector.

    As per decision of the ECC of the Cabinet the tariff structure for motorcycle sector was defined as under which is applicable across the board and are subject to review after one year.

    The tariff rates have been notified by FBR by amending relevant SROs.

    Raw materials, 0 percent duty; sub components/ components 7.5 percent duty; sub-assemblies, 15 percent duty; CBU (all engine capacities), 57.5 percent duty; CKD kits not manufactured locally, 10 percent duty and CKD kits manufactured locally, 38.75 percent duty.

    The policy for new entrants was notified by FBR vide notification No SRO 09(1)/2013 dated 4th January 2013 stating that in line with summary on "Policy for New Entrants" submitted by Ministry of Commerce approved by the ECC of the Cabinet case No ECC-135/14/2012 dated 23rd October 2012 which specifies that the additional customs duty leviable under this notification shall not be charged on sub-components and components imported in any kit form by a manufacturer declared to be a new entrant approved by the new entrant committee comprising representatives of Ministry of Industry, Ministry of Commerce and Board of Investment for the motorcycles of 100cc and above with new technology for a period of five years from start of commercial production subject to following major conditions.

    At the start of commercial production by new entrants, localisation level shall be kept at a minimum of 25 percent. By the end of five years, localisation level shall reach a minimum of 85 percent.

    The new entrant committee shall be chaired by Secretary Industries comprising representatives of Board of Investment and Ministry of Commerce that shall receive and approve requests of new entrants in motorcycle sector and extension of benefits under new entrant policy. The committee shall also be empowered to decide on proposals relating to introduction of new technologies by the existing manufacturers as well as the localisation plan.

    The agreement template for new entrants, including the localisation plan, will be developed by EDB in consultation with the National Tariff Commission (NTC). The agreement would be designed in such a way that new entrant scheme is not misused.

    New entrant would mean a potential assembler/manufacturer, whether local or foreign, bringing in new technology for the first time in Pakistan and have had no assembly/manufacturing of similar motorcycles in Pakistan in the past. Any existing player bringing in new technology would be eligible for tariff incentives to the extent of parts and components to new technology.

  23. #200
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    Quote Originally Posted by nabilM View Post
    New entrant in motorcycle industry: Mandviwalla fails to guarantee incentives | Business Recorder


    New entrant in motorcycle industry: Mandviwalla fails to guarantee incentives



    Former Finance Minister, Saleem H Mandviwalla, failed to guarantee incentives for a noted motorcycle brand as new entrant despite all efforts till last day, well informed sources told Business Recorder.The company has announced investment of $150 million in Pakistan to manufacture Yamaha motorcycle in Pakistan.

    A meeting was convened on March 14, 2013 in this regard on the pressure of the then Finance Minister, however, Secretary Industries, Shafqat Naghmi foiled his endeavour to notify the incentives for M/s Yamaha in the that meeting by constituting a submit committee under the chairmanship of CEO Engineering Development Board (EDB). CEO EDB is brother in law of Secretary Industries and a former employees of one the subsidiaries of House of Habib.

    Official documents reveal that Secretary Industries observed that new entrant policy should be defined based on economic considerations wherein new entrant in the automotive sector may be allowed a head start over existing players and lead time for development of vendors and related infrastructure. He suggested that EDB may include motorcycle as part of the auto policy.

    The tariff incentive for different auto sector may, however, be different for all kind of vehicles including motorcycles. The Chairman emphasised the need for a clear definition and qualifying criteria for new entrants covering all aspects including technology. The representative of Board of Investment (BoI) suggested that for the time being the exercise should be confined to the new entrant motorcycle as contained in the SRO issued by FBR.

    DECISIONS

    The chair decided to set-up a sub-committee under the chairmanship of CEO, EDB and with members from Board of Investment and Ministry of Commerce to review the new entrant policy and formulate new policy framework for new entrants in the motorcycle sector for which EDB shall develop the Terms of References (ToRs) which will finalise it recommendations within 15 days after issuance of the notification.

    New entrant policy for motorcycles sector was not included in AIDP (2007-2012). New entrant policy for motorcycle of 100cc and above was notified by FBR vide SRO 09(I)/2013 on January 4, 2013 to encourage new investment and technology in this sub-sector.

    As per decision of the ECC of the Cabinet the tariff structure for motorcycle sector was defined as under which is applicable across the board and are subject to review after one year.

    The tariff rates have been notified by FBR by amending relevant SROs.

    Raw materials, 0 percent duty; sub components/ components 7.5 percent duty; sub-assemblies, 15 percent duty; CBU (all engine capacities), 57.5 percent duty; CKD kits not manufactured locally, 10 percent duty and CKD kits manufactured locally, 38.75 percent duty.

    The policy for new entrants was notified by FBR vide notification No SRO 09(1)/2013 dated 4th January 2013 stating that in line with summary on "Policy for New Entrants" submitted by Ministry of Commerce approved by the ECC of the Cabinet case No ECC-135/14/2012 dated 23rd October 2012 which specifies that the additional customs duty leviable under this notification shall not be charged on sub-components and components imported in any kit form by a manufacturer declared to be a new entrant approved by the new entrant committee comprising representatives of Ministry of Industry, Ministry of Commerce and Board of Investment for the motorcycles of 100cc and above with new technology for a period of five years from start of commercial production subject to following major conditions.

    At the start of commercial production by new entrants, localisation level shall be kept at a minimum of 25 percent. By the end of five years, localisation level shall reach a minimum of 85 percent.

    The new entrant committee shall be chaired by Secretary Industries comprising representatives of Board of Investment and Ministry of Commerce that shall receive and approve requests of new entrants in motorcycle sector and extension of benefits under new entrant policy. The committee shall also be empowered to decide on proposals relating to introduction of new technologies by the existing manufacturers as well as the localisation plan.

    The agreement template for new entrants, including the localisation plan, will be developed by EDB in consultation with the National Tariff Commission (NTC). The agreement would be designed in such a way that new entrant scheme is not misused.

    New entrant would mean a potential assembler/manufacturer, whether local or foreign, bringing in new technology for the first time in Pakistan and have had no assembly/manufacturing of similar motorcycles in Pakistan in the past. Any existing player bringing in new technology would be eligible for tariff incentives to the extent of parts and components to new technology.
    Summary of this please ?

    <marquee> iCoNvicT </marquee>

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