NA Standing Committee Impressed with IMC’s Operations

Members of the National Assembly Standing Committee on Industries and Production visited Indus Motor Company to witness the manufacturing process of vehicles.

The delegation was led by the Chairman of standing committee Mr. Sajid Hussian Turi, MNA. Members include Mr. Nasir Khan Musazai, Mr. Muhammad Akram, Sahibzada Sibgatullah, Ms. Sajida Begum, Mr. Usama Qadri, Mr. Muhammad Pervaiz Malik, Mr. Riaz Ul Haq and Mahar Irshad Ahmed Khan. Senior officials from the ministry of industries were also present.

The Committee paid its visit to different sections of the manufacturing plant and was amazed to witness the localization, which the company has achieved. They applauded the efforts of IMC to create local engineering activity, local economic activity and the company’s contribution towards the distribution of wealth and employment generation.

The committee was pleased with the extent of investment IMC has undertaken and capacity expansion. The committee members were pleased to see the elements of discipline and skilled workforce and investment by IMC in human capital development. At every step quality is being ensured through Process Automation and Coordinate Measuring Machines. It has been observed that Toyota Global Standards have been followed in all processes.

The committee also lauded IMC’s contribution and value sharing through CSR. Million tree drive and other key initiatives are examples of responsible corporate citizens and should be followed by other organizations.

The Committee appreciated the role of Management for providing the good quality/ standards products in Pakistan and launching of new models of cars.

“Government should ensure the consistency of policies to provide a predictable and transparent environment which is a prerequisite for industrialization and economic growth,” said CEO IMC, Ali Asghar Jamali.

He added that the Government should support in promoting localization which will ultimately lead to employment opportunities, transfer of technology and open doors to export.

The auto industry is home to 3 million direct and indirect labour and the Government has to ensure that investment and localization achieved by the auto industry for the past many decades should be safeguarded so that existing players and new entrants are motivated to invest more.

Highlighting the challenges to industry, CEO said that rupee devaluation, imposition of Federal Excise Duty and Additional Custom Duty has impacted the auto industry adversely. Government should promote Make in Pakistan by encouraging industrialization.

Hence, he added, the current situation requires that the Government and policymakers should not digress from their commitment to promote the local industry.

The committee has promised to take up the taxes and duties matters to the relevant authorities in order to support the biggest manufacturing sector of Pakistan.