Auto Part Makers Request Government’s Support For Expansion
Auto part producers, who offer a range of products and components to original equipment manufacturers (OEMs), have asked the government to support the development of this industry sector.
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Like all other sectors, this one is reliant on governmental regulations. Before making a sizable investment in the car parts sector, stakeholders demanded a clear strategy with details of bonuses and prospective returns.
A long-term policy to safeguard the investment of over 400 auto vendors in Pakistan, who now produce about Rs 120 billion annually for three OEMs, is reportedly lacking, according to industry stakeholders.
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To support Pakistan’s auto suppliers, a number of problems must be fixed, and consistent long-term policies are required to accomplish so.
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