ISLAMABAD Under the Auto Development Policy 2016-2021 fifteen (15) newcompanies have been awarded the Greenfield status while two companies areawarded Brownfield status for revival of automobile sector units in thecountry.According to an official source the committed investment so far is morethan US $1169 million.The investors, which have been granted greenfield status will manufacturecars, light commercial vehicles, SUVs and heavy commercial vehicles.The companies awarded greenfield awards under ADP includes Kia Lucky MotorsPakistan Ltd, Foton, JW Auto Park (Pvt) Ltd, Regal Auto Mobile Industries(Pvt), Sazgar Engineering works ltd, United Motors (Pvt) Ltd, Master MotorsLtd, Khalid Mushtaq Motors (Pvt) Ltd, Pak China Motors (Pvt) Limited,Hyundai Nishat Motors(Pvt) Ltd, Topsun Motors and Engineering Services(Pvt) Ltd, Al-Futtaim Automotive Pakistan (Pvt) Ltd, Khalid and KhalidHoldings (Ptv) Ltd and Hanteng Motors Company (Pvt) Ltd.The Brownfield category two closed down units have been revived namelyDewan Farooq Motors and Ghandhara Nissan Ltd.The Greenfield award provides facilities to the investors for import ofplant and machinery for setting up an assembly and manufacturing while theBrownfield awards facilitate the investors for the revival of sick ornon-operational units.ADP aimed at facilitating higher volume, more investment, enhancedcompletion and better quality with latest technology. It also aims atcreating a balance between Industrial Growth and tariffs to ensuresustainability of all stakeholders.The policy helps in ensuring consumer welfare and providing policyconsistency and predictability for investors and mid-term review to caterfor emerging developments.New investors coming under ADP shall also provide more options to theconsumers in addition to enhanced overall capacity of the country.
15 Auto companies awarded Greenfield status in Pakistan with promised investment of over 1.1 billion
