(Pakistan News & Features Services)
“The government through the Automotive Policy is fully committed to extending full support to the local automotive industry of Pakistan. The policy has already attracted significant investment of over US$ 800 million,” he observed while congratulating Dewan Yousuf and his team for their relentless efforts to revive their automotive assembly plant.
Earlier in his speech, Dewan Mohammed Yusuf Farooqui, Chairman Yusuf Dewan Motor Company said that reproduction of Shehzo was made made possible by the acquisition of Brownfield status from the Ministry of Industries and Production, a landmark achievement.
He described th day as the most special day of his life and Dewan Group.
Speaking on the occasion, Oh Sei Young, Chairman, Kolao Group, and the joint venture partner in Daehan-Dewan Motor Company, expressed the confidence that the Daehan Shehzore pickup will achieve the desired results.
He assured that the Kolao Group will consistently provide total support to the JVA in achieving the mutual objective of regaining market leadership in its segment.
The policy has already attracted significant investment of over US$ 800 million,” he observed while congratulating Dewan Yousuf and his team for their relentless efforts to revive their automotive assembly plant.
It may be recalled that Yousuf Dewan Companies, one of Pakistan’s most prominent business houses, had entered into a joint venture with the Kolao Group of South Korea in April 2016.
The new joint venture, Daehan-Dewan Motor Company, unveiled Daehan Shehzore, setting up its automobile assembly plant in Sujawal.
The launching ceremony at the Mohatta Palace was nothing short of spectacular. The cultural programme, featuring performances by the local as well as the South Korean artists, followed by the musical concert provided glamour to the evening at the most historical of venues.