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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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    Yamaha's case to be discussed at ECC meeting

    Yamaha's case to be discussed at ECC meeting | Business Recorder



    The government will again take up the case of incentives to Japanese Company M/s Yamaha in the upcoming meeting of Economic Coordination Committee (ECC). The company intends to invest $150 million in Pakistan to manufacture motorcycles of 100 cc and above.

    Board of Investment (BoI) tried to successfully persuade the Federal Board of Revenue (FBR) and Ministry of Industries to allow M/s Yamaha to start constructing their plant in the light of decision taken in ECC an and SRO issued by FBR during Pakistan People's Party's tenure.

    A meeting of the representatives of BoI, FBR and Ministry of Industries held here on Wednesday to mend their divergent views on the early decision of ECC and SRO, allowing Japanese company to set up a manufacturing plant in Pakistan. The meeting initiated by BoI has been convened on the directives of Minister for Finance Ishaq Dar. Board of Investment is desperate for a success story to encourage of foreign investors to make investments in Pakistan. M/s Yamaha's investment of $150 million could lead the inflow of foreign investment as Pakistan is in dire need of investment. The country can also make this case an example for other foreign investors, Chairman BOI Mohammad Zubair told Business Recorder.

    An official of BoI, who familiar with the decision of the meeting, said the stakeholders have divergent views on the early decision of ECC and the language of the SRO subsequently issued by FBR in this respect. The stakeholders in the meeting agreed to take back the early decision of ECC again to the same economic forum, which is scheduled to meet next week, in a bid to make it more comprehensive, removing all loopholes. The representatives also agreed to notify incentives to Yamaha in four days after the ECC takes decision.

    Former Finance Minister, Saleem H Mandviwalla, tried hard to guarantee incentives for new entrant. A meeting was convened on March 14, 2013 in this regard by Ministry of Industries on the directives of the then Finance Minister, Saleem Mandviwalla, in which a subcommittee was constituted under the chairmanship of the CEO Engineering Development Board (EDB).

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

    The tariff rates have been notified by FBR after 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 January 4, 2013 stating that in line with a summary on "Policy for New Entrants" submitted by Ministry of Commerce and approved by the ECC of the Cabinet case No ECC-135/14/2012 dated October 23, 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, localization level shall reach a minimum of 85 percent. 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.

    The 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.

  3. #222
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    what ever is situation
    Yamaha announced somewhere that they will give 100 - 125 cc bikes in 2015
    For Riding Jackets & Gloves, Armors, Saddle Bags, Knee & Elbow Guards etc: https://www.facebook.com/PbcMotorSport?fref=ts

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    Yamaha to set up motorcycle plant



    Yamaha to set up motorcycle plant

    THE NEWSPAPER'S REPORTER
    Share Email 0 Comment(s) Print
    Updated
    2013-08-20 08:146
    ISLAMABAD, Aug 19: Finance Minister Senator Ishaq Dar on Monday assured top officials of Yamaha motor company of Japan that its case of setting up a motorcycle plant near Karachi would be taken up at the next meeting of Economic Coordination Committee (ECC) to resolve all issues leading to installation of the plant without further delay.


    Managing Director of Yamaha Motor company Ito Yasushi called on Senator Ishaq Dar and apprised him of the difficulties being faced by him to set up the plant in Pakistan. Yamaha planned to start production from its plant from 2015.


    Mr Yasushi informed Mr Dar that he had been running from pillar to post for the last four years to install the Yamaha motor-cycle plant, and it was only recently the process of setting up the plant has picked up with the present government coming into power. The finance minister regretted the delay, and said his government is committed to facilitate foreign investment in the country and would ensure that a smooth process was laid out to facilitate investment in the country.


    Only three days ago, the acting ambassador of Japan, Akira Kono held a meeting with BoI Chairman, Mohammad Zubair, and discussed issues relating to Japanese investors, particularly the Yahama plant issue.


    The Japanese envoy showed his concern on security issues and the problems being faced by the existing Japanese investors and new potential investors in Pakistan.


    The Japanese motorised vehicle-producing company is in full gear to set up its sales and manufacturing subsidiary in Pakistan with an investment of $150 million.


    The state-of-the-art plant will be spread over 50 acres at the National Industrial Park near Bin Qasim where motorcycles with engine capacity of 100cc and above would be manufactured.


    Yamaha aims to achieve high ratio of localization in manufacturing, starting from 25 per cent since the first day of commercial production up to 85 per cent in five years.


    The annual production of motorcycles in Pakistan is around 1.8 million, almost all the domestic models.

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    Default Yamaha to set up motorcycle plant

    Thats a great news but people i don't know whats going on, as we know that DYL motorcycles are already in a joint venture with YAMAHA JAPAN and they are already manufacturing and assembling bikes which are dhoom, junoon, mini-100....

    So is the news about a new plant in karachi?

    please if anyone can explain?

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    ^^As per my information, DYL is no more in contract with Yamaha Japan. Their contract ended in 2012 and Yamaha didn't show any interest to renew it. That's why we are not seeing any single bike in market containing Yamaha name anywhere. These all are DYL motorcycles, "Dawood Younis Limited", though they are enjoying the old reputation of Yahama by offering crap bikes to their customers....

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    Motorcycle maker's $150 million planned investment in doldrums



    August 28, 2013
    MUSHTAQ GHUMMAN0 Comments
    Yamaha to invest $150million in Pakistan - emailButtonYamaha to invest $150million in Pakistan - printButtonYamaha to invest $150million in Pakistan - pdf button


    <saqib></saqib>Yamaha to invest $150million in Pakistan - br blackM/s Yamaha Motorcycle Company's planned $150 million investment in Pakistan is in doldrums as the Japanese embassy has rejected recent decision of the Economic Coordination Committee (ECC) of the Cabinet on "New Entrant Policy." Akira Kono, Japanese Charge d' Affaires, in a letter to the Finance Minister, has expressed disappointment over the decision of the ECC. The copies of that letter have also been sent to different Ministries including the Ministry of Foreign Affairs.

    "The decision made by the Economic Coordination Committee (ECC) on August 22, 2013 on New Entrant Policy in motorcycle industry seemingly has put Yamaha Motor Co Ltd in a difficult position where they may have to abandon their planned investment in this country," he added. The top Japanese diplomat quoted the ECC press release as saying that the decision of August 22, 2013 appears to have added the following elements to the New Entrant Policy: (i) the minimum investment entitled for this policy would be 100 million dollars up to the commercial operation date; and (ii) new technology will be defined by the Engineering Development Board (EDB) and recommended by a Committee comprising Chairman, BOI, Secretary Commerce, and Secretary Industries and have to be approved by the ECC.

    Japanese embassy maintains that the decision on minimum investment level makes it impossible for Yamaha Motor Co Ltd to enter the Pakistani market. In the investment plan Yamaha developed in close consultation with the Board of Investment, a $150 million investment in phases over several years was discussed and that too only if the market conditions allowed. In the view of Yamaha Motor Co Ltd, investment of 100 million dollars before they start commercial operation in 2016 is beyond its scope and capacity. Yamaha Motor Co Ltd also fears that the decision on the definition and approval of new technology may add further cumbersome procedures. The committee on the New Entrant Policy has already approved Yamaha Motor Co Ltd as a new entrant in June 2013.

    "Yamaha has concerns if the ECC's decision means that Yamaha Motor Co Ltd has to go through additional procedures every time it introduces "new technology" which will cause difficulties in pursuing its investment plan," Kono maintained. The embassy further argues that the investment decision by Yamaha Motor Co Ltd was based on the tariff reduction and the new entrants' policy decided by the ECC in October, 2012. The SRO to implement this decision was issued in January 2013 (SRO 09(I)/2013). Should the new requirements, added later, inhibit the company from pursuing its investment plan, such inconsistency of policy would send an extremely negative signal to other potential Japanese investors in general.

    "Judging from the conversation, I had with your good self on the evening of August 22, this does not seem to be your intention. I understand that you kindly intended to take actions to enable Yamaha Motor Co Ltd to begin their investment. However, it would seem that the ECC's decision of August 22 has an effect to the contrary," Kono continued.

    Finance Minister Ishaq Dar has been requested to look into the matter and take appropriate measures so that Yamaha Motor Co Ltd could start their investment in accordance with the SRO issued in January (SRO 09(I)/2013. The then Finance Minister, Salim Mandviwala, had made considerable effort to get clearance for Yamaha Company but could not succeed. He also faced allegations of bribery for proactively pursing the case of M/s Yamaha. He denied all charges, saying it was his responsibility to ensure incentives promised in the agreement.

    <center style="color: rgb(0, 0, 0); font-family: Arial, 'MS Trebuchet', sans-serif; line-height: 18px;">Copyright Business Recorder, 2013</center>

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    Pakistan should invest in R&D and develpore its own good brands for local use and export, this would be the best decision in favour of our country's economy, already chundaz are giving tuff time to japnese manufacturers.

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    pakistani awam k haq main jo bhi projects hain sab rukay hoy hain, or kachra mal or khatara projects dhara dhar approve bhi ho rahay hain or mal bhi bik rha ha,
    IRAN,PAKISTAN gas pipe line Project ka Iraninan part complete ha bus humain apni side ka kam krna ha.....or ham hain k is trf to dhyan de nhi rahay or new energy plans ki taraf dor rahay hain,(even it is less expensive project rather then other energy sources)
    kam se kam kachra bike hi na bnnay do agr koi acha bike nhi bna saktay to,
    ***SPEED+ACCURACY+AGGRESSION=YAMAHA RX115***

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    Motorcycle industry: ECC decides to revoke SRO 09



    September 05, 2013
    MUSHTAQ GHUMMAN0 Comments
    Yamaha to invest $150million in Pakistan - emailButtonYamaha to invest $150million in Pakistan - printButtonYamaha to invest $150million in Pakistan - pdf button


    <saqib></saqib>Yamaha to invest $150million in Pakistan - br blackEconomic Co-ordination Committee (ECC) of the Cabinet has decided, in principle, to revoke SRO 09 of January 04, 2013, after Federal Board of Revenue (FBR) unveiled certain aspects of the case to Finance Minister Senator Ice Dar. A copy of the "brief" by FBR revealed that a high-level committee with Secretary Commerce, Secretary Industry, Chairman BoI and the Chairman FBR as members examined the issue afresh and it was opined that the waiver of Additional Customs Duty (ACD) to the new entrants only is contrary to the decision regarding an across-the-board applicability of the new rates.

    Moreover, such waiver was neither proposed in the MoC's summary of September 19, 2012 or October 16, 2012 nor was it part of the ECC decision. Hence, through a note for the Finance Minister, it was proposed that the matter may be put up to the ECC for deciding it afresh. The sources said, Dar is trying to limit the damage caused by "illegal" policy implementation by his predecessor.

    The sources further stated that MoI&P continues to create problems as a summary moved by it as a result of the findings of the committee again had a very controversial proposal to reduce the start-up local content to just 17 percent for the new entrant against the agreed position of 25 percent. According to sources, the proposal further irked the ECC members as they did not want to create an uneven playing field for the existing players vis-a-vis the new entrants. As a result of last minute change yet again, the ECC insisted on a $100 million minimum investment as a condition.

    "ECC felt that this would not be a problem for Yamaha as they themselves have been lobbying to bring $150 million investment. Now in a letter written to BoI they have indicated that investment of even $100 million is difficult," the sources continued.

    According to sources, Yamaha is said to have exaggerated its claims of investments just to seek exemptions. The proposal shows that the first year investment is a mere 1/10 of the $150 million Yamaha was claiming. Official documents reveal that bad advice by consultants/lobbyists are creating a difficult situation for Yamaha as well as the Japanese embassy as they have not been explained proper procedures and due process of law in the country. As a result, the government, especially the Foreign Office, is being unnecessarily embarrassed.

    While talking to different stakeholders including those representing the OEMs and the vending industry, there was a strong call for a positive policy formulation and implementation. A major manufacturer wanted the government to get the stakeholders to sit together and draw a roadmap for the introduction of new technology in the country.

    A leading vendor said he is ready to sit down and create a balanced policy, which would not hurt the existing investor, help promote the indigenous vending industry and also attract reputable companies like Yamaha. Vending industry is also apprehensive about how the new technology is being defined. They want this definition to be based on the internationally recognised standards. Standards like EURO II & III have an internationally acceptable interpretation. Pakistan is currently at EURO II. The industry feels that a start-up of 25 percent is not justifiable for a EURO II product as all vehicles in Pakistan are currently at EURO II. "Incentives should be offered for products offering EURO III technology," he added.

    <center style="color: rgb(0, 0, 0); font-family: Arial, 'MS Trebuchet', sans-serif; line-height: 18px;">Copyright Business Recorder, 2013</center>

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    Now kindly explain in layman language :-)

    Sent from my GT-I9300 using PW Forums mobile app

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    now this is a lot and lot of reading bro ... is there a summarised version which says "YAMAHA (NOT) COMMING "
    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 vickytulla View Post
    now this is a lot and lot of reading bro ... is there a summarised version which says "YAMAHA (NOT) COMMING "
    The summary is that given the right amount of 'bribe' Yamaha can enter. Hell, given the right amount of cash Yamaha can set-up a factory right next to AHL in Shiekhupura

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    Yamaha to invest $150m on bike plant in 5 years

    September 11, 2013
    USMAN CHEEMA

    Yamaha to invest $150million in Pakistan - hr


    ISLAMABAD
    Board of Investment Chairman Muhammad Zubair on Tuesday announced that the government has granted permission to Yamaha Company to establish motorcycle plant in Karachi and the company would invest $150 million during the next 5 years but would start operations in December 2014.
    He, while praising the performance of current regime, said that the last government of Pakistan People’s Party did not issue licence to Yamaha that was applied in 2009 but under the new government, BoI in just 3 months made it possible. This would help boost the foreign direct investment and technology transfer in the country, he said.
    He said in a media briefing that Ishaq Dar took up the matter in Economic Coordination Committee of the Cabinet that after detailed deliberations and expediting the process, allowed the company to setup the plant. Yamaha at the initial stages would produce 25 percent motorcycles in Pakistan that will be increased with the passage of time.
    Muhammad Zubair said that the government had formulated a motorcycle policy just in 3 months while taking all the stakeholders on board. He said that government has offered incentives to local and foreign companies for introducing latest technologies.
    All steps are being taken to attract foreign direct investment and development of local industry. But local industry would have to introduce modern technology to be the beneficiary of new policy formed by the government, he added.
    Muhammad Zubair said that decision of Yamaha to establish its plant in Pakistan will encourage other famous brands to invest in different sectors of the economy as the country offers more lucrative business opportunities as compared to the regional countries.
    He also said that government was also negotiating with laptop manufacturers to establish their plants in Pakistan. He mentioned that Foreign Direct Investment fell significantly during the tenure of previous government.






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    Quote Originally Posted by nabilM View Post
    Yamaha to invest $150m on bike plant in 5 years
    Yamaha at the initial stages would produce 25 percent motorcycles in Pakistan that will be increased with the passage of time.
    Those initial models are going to be tough horses..
    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    recent news ticker on a leading news channel........JAPANI COMPANY 15 KROR DOLLER KI LAGAT SE KARACHI MAIN AIK JADEED MOTORCYCLE PLANT LGAY GI.......
    ***SPEED+ACCURACY+AGGRESSION=YAMAHA RX115***

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    SOME Encouraging news update about Yamaha in Pakistan...


    Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Japanese Deputy PM assures Pakistan support for major projects

    Japanese Deputy PM assures Pakistan support for major projects
    WASHINGTON, Oct 12 (APP): Finance Minister Ishaq Dar called on Japan’s Deputy Prime Minister Taro Aso and discussed Tokyo’s support for major Pakistani projects.During the meeting that took place on the margins of IMF-World Bank annual moot, Dar briefed Taro Aso about the macroeconomic policies of the new government. He informed Taro Aso, who is also Japanese finance minister, about the Yamaha Plant being set up in Pakistan. He hoped that the Japanese leadership would give a go ahead signal to the Japanese International Cooperation Agency (JICA) for major projects like Karachi Circular Railway for which the spadework had already been completed.
    The Japanese leader appreciated the bold decisions of the new government that had helped restore confidence of investors and multilateral agencies. He unequivocally stated that the Japanese government would support major projects in Pakistan.
    He said maintenance of economic momentum would attract more Japanese capital into Pakistan.

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    Another LInk

    complete article
    Yamaha Looks Beyond Southeast Asia for Growth - WSJ.com
    Yamaha Looks Beyond Southeast Asia


    CEO Hiroyuki Yanagi sees Africa and other parts of Southeast Asia as the next growth markets.

    .
    .
    .
    .

    WSJ: What about in South Asia?
    Mr. Yanagi: We want to expand business in Pakistan and Bangladesh as soon as possible. We had a production venture in Pakistan but we dissolved it five years ago. We are now planning to begin local production again, on our own this time.

    In Bangladesh, we import motorcycles from our plant in India on a small scale, but we are studying now the best way of running operations because of rising tariff barrier there.

    .
    .
    .

    .
    .
    -------------

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    Quote Originally Posted by 7thgear View Post
    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.(h)

    lets hope they bring something according to the desires of the biker's community.
    thanx dear for a wounder full news

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    Hope they launch the famous YZF R15 version 2.0
    If so then i will be the first one to buy that beauty

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