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Bajaj Auto unhappy over Pakistan's protectionist approach towards automobile sector.
Bajaj Auto unhappy over Pakistan's protectionist approach towards automobile sector
LAHORE: India's second largest two-wheeler maker Bajaj Auto has expressed unhappiness over Pakistan's protectionist approach towards the automobile sector, preventing the firms from the neighbouring nation to sell products here. The company's Chairman Rahul Bajaj, who was a part of an Indian business delegation here, however added that the trade between the two countries was moving forward at a considerable pace and this was a good sign as far as bilateral relations was concerned.
"Who could think after the Mumbai attacks that we would be here in Lahore in 2012, discussing trade prospects with our Pakistani counterparts," he added. However, Bajaj said he was unhappy as there was "no progress" in trade in the automobile sector, which is protected under Pakistan's negative list for doing trade with India.
"As my concern is with the automobile industry, I do not think Pakistan will soon (remove restrictions in this sector). However, if things go smoothly on the trade front, the matter may be reviewed after a year or so," he said. Pakistan has already said it intends to do away with the negative list by December, paving the way for giving India Most Favoured Nation-status by next year.
The Indian business delegation attended the two-day business conference here that was addressed by Prime Minister Yousuf Raza Gilani and Foreign Minister Hina Rabbani Khar earlier this week. The Pakistani automobile industry is very small compared to that of India.
According to data available on the website of Pakistan Automotive Manufacturers Association (PAMA), the total passenger car sales in March this year stood at 14,469 units, compared to 2,29,866 units in India, Society of Indian Automobile Manufacturers (SIAM) had said in its monthly release.
Source: Bajaj Auto unhappy over Pakistan's protectionist approach towards automobile sector - The Economic Times
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Guys, Boundaries on the earth, are like scars on a face: they're more or less permanent, no matter what is done. Sad but a damn truth it surely is.
Anyways, I recently read another news about this matter, but didn't post it. It was about some minister in Pakistan alleging that the new proposals are cleverly inviting Indian companies, to kill their domestic industry.
Even last time, Lamborghini delegation visited them to expand business, but apparently some bribing was done by another company and the Lambo guys went back. This info was shared by a member from Pakistan on Xbhp.
Their domestic industry I might add, is nothing compared to what we have. Just some 70cc honda bikes are the norm there, and their premium most 150cc bike can't compete with most of the 125's we have in India. So, they're right in a way, but citizen welfare is also a concern, isn't it?
The Pakistan guys deserve better bikes than CD 70. I think Bajaj should start manufacturing there, once and for all. Things may get better soon though.
LAHORE: India's second largest two-wheeler maker Bajaj Auto has expressed unhappiness over Pakistan's protectionist approach towards the automobile sector, preventing the firms from the neighbouring nation to sell products here. The company's Chairman Rahul Bajaj, who was a part of an Indian business delegation here, however added that the trade between the two countries was moving forward at a considerable pace and this was a good sign as far as bilateral relations was concerned.
"Who could think after the Mumbai attacks that we would be here in Lahore in 2012, discussing trade prospects with our Pakistani counterparts," he added. However, Bajaj said he was unhappy as there was "no progress" in trade in the automobile sector, which is protected under Pakistan's negative list for doing trade with India.
"As my concern is with the automobile industry, I do not think Pakistan will soon (remove restrictions in this sector). However, if things go smoothly on the trade front, the matter may be reviewed after a year or so," he said. Pakistan has already said it intends to do away with the negative list by December, paving the way for giving India Most Favoured Nation-status by next year.
The Indian business delegation attended the two-day business conference here that was addressed by Prime Minister Yousuf Raza Gilani and Foreign Minister Hina Rabbani Khar earlier this week. The Pakistani automobile industry is very small compared to that of India.
According to data available on the website of Pakistan Automotive Manufacturers Association (PAMA), the total passenger car sales in March this year stood at 14,469 units, compared to 2,29,866 units in India, Society of Indian Automobile Manufacturers (SIAM) had said in its monthly release.
Source: Bajaj Auto unhappy over Pakistan's protectionist approach towards automobile sector - The Economic Times
--
Guys, Boundaries on the earth, are like scars on a face: they're more or less permanent, no matter what is done. Sad but a damn truth it surely is.
Anyways, I recently read another news about this matter, but didn't post it. It was about some minister in Pakistan alleging that the new proposals are cleverly inviting Indian companies, to kill their domestic industry.
Even last time, Lamborghini delegation visited them to expand business, but apparently some bribing was done by another company and the Lambo guys went back. This info was shared by a member from Pakistan on Xbhp.
Their domestic industry I might add, is nothing compared to what we have. Just some 70cc honda bikes are the norm there, and their premium most 150cc bike can't compete with most of the 125's we have in India. So, they're right in a way, but citizen welfare is also a concern, isn't it?
The Pakistan guys deserve better bikes than CD 70. I think Bajaj should start manufacturing there, once and for all. Things may get better soon though.
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