Investment in auto industry currently stands at Rs 52 billion but is expected to rise in current year with all manufacturers going for expansion in production capacity.
Similarly, vendors are also gearing up to cope with the manufacturers' requirements, Rasheed Ahmed Khan of Capital Events said.
Addressing a joint press conference with GEO Imran Aslam to brief newsman about GEO motor show, 2004 scheduled to be held on December 17-19 at the Expo Centre, he said that investment of vendor industry stands at Rs 35 billion now and is projected to double in next two years.
He said that this industry contributes more than Rs 30 billion to the national exchequer and what is more significant is that it is bringing automotive technology to Pakistan. The vendor industry has exported goods worth more than 30 million dollars.
Regarding motor show, he said that the objective of the show is firstly, to bring all participants' companies to a single location in order to enhance interaction and business relationships.
Secondly, the show allows companies to create greater public awareness of their products, thus, contributing to consumer awareness.
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