Suzuki Motor Corporation is poised to bolster its footprint in Pakistan with plans to establish a biogas plant in Karachi.
This strategic move was articulated by Kenichi Ayukawa, the Global Vice President of Suzuki Motor Corporation, during a high-level meeting held in Islamabad on Thursday. The meeting convened Ayukawa and Rana Tanveer Hussain, the Federal Minister for Industries and Production.
Hailing the delegation, Minister Hussain underscored the pivotal role of the automotive industry in Pakistan’s economic landscape. He highlighted its substantial contributions spanning employment generation, economic expansion, technology infusion, and industrial advancement.
Notably, the government is steadfast in its commitment to fortifying the local automotive sector, extending tax exemptions and other inducements to automakers, and investing in research and development initiatives.
Furthermore, to foster the adoption of cutting-edge technologies, incentives are being extended for Electric Vehicles (EVs) and Hybrids, encompassing duty-free import privileges for plant and machinery essential for establishing EV manufacturing facilities.
This proactive stance has already yielded tangible results, with 43 companies securing manufacturing certificates for the local production of EV 2/3 wheelers.
Suzuki’s envisaged biogas plant in Karachi aligns with the broader strategy to enhance sustainability and operational efficiency while contributing to the nation’s energy diversification efforts.
This development signals a promising trajectory for Suzuki’s endeavors in Pakistan, reflecting a shared commitment to economic prosperity and environmental stewardship.
