Tata Motor’s Nano is all set to move to a new destination and desires to speed up on Pakistani roads but that is only possible when the governments of India and Pakistan eliminates the root troubles standing tall in the way of joint ventures and investments between the two countries.
The idea of taking Nano to an international location like Pakistan sounds great and a Pakistani business house known by the name of The International Multi Group of Companies (IMGC) seems quite interested in this venture. Apart from being in diverse businesses like edible oil and film imports, the company has now expressed interest in importing vehicles from India’s mammoth Tata Group, including the Nano and CNG buses.
“We already have a letter of intent with the Tata Group as we were are very much interested to bring in their CNG buses. At a later stage, if restrictions in the trade policies of both India and Pakistan are removed, we are keen to introduce the Tata Nano in Pakistan,” as stated by IMGC Global Chairman Amjad Rashid.
The company IMGC aims to import CNG buses from Tata but things are grim due to several restrictions in Pakistan’s trade policy. According to Pakistan’s trade policy, only a limited number of vehicles are allowed to be imported in the country and above all the majority of them need to be assembled within the country.
Whereas, the Reserve Bank of India’s policies do not allow joint ventures and investments in Pakistan.
Mr. Amjad Rashid further expressed, “We raised these issues about firm policy structure with Indian Commerce Secretary Mr. Rahul Khullar when he was in Islamabad last month to discuss the matters with the Pakistani Commerce Secretary and thereafter he promised to execute on the same to get these restrictions removed.”
Even Mr. Rashid stated that his group with the annual turnover of about USD 200 million is quite keen to unveil small people’s car Nano in Pakistan. He said, “This is truly an ultimate objective for the group. We already have a letter of intent. Once the bottlenecks are removed, we would import the CNG buses and the next step would be the Nano.