The sources said, all Pakistani senior officials and political leaders who visit Japan are being plausibly questioned as to why M/s Suzuki is not being given Greenfield status despite the fact that the company is making a huge investment in Pakistan.
M/s Suzuki, in a letter to a senior government functionary praised his role for his continuous support for the company''s investment proposal of $ 460 million.
"We have completed all the preparatory work to start the construction of our new plant. Funds have been arranged by our principal Suzuki Motor Corporation, Japan for direct investment and are ready to transfer. Now we are eagerly awaiting the approval of Greenfield incentives and benefits for the period of three years by the Government of Pakistan," said Masafumi Harano MD &CEO of Suzuki.
The CEO also assured that the company and its vendors will continue progressive localization, assuring that there will be no rollback of localization after allowing the Greenfield incentives and benefits to Pak Suzuki.
M/s Suzuki intends to invite Prime Minister Imran Khan and other top officials on the occasion of stone laying ceremony of the new plant. The ceremony will also be attended by the world wide auto sector business community.
M/s Suzuki began efforts to get Greenfield incentives during PML (N) government, indicating a proposed investment of $ 460 million if granted the status. The former government had tailored auto policy in a way that existing players would not get incentives of Greenfield offered to new players.
The two other key players i.e. M/s Indus Motors Company which manufacture Toyota and M/s Honda Atlas have invested billions of rupees on expansion without seeking Greenfield incentives.