The Sindh Board of Investment and AUDI AG have signed a memorandum of understanding (MoU) in Ingolstadt welcoming AUDI to study the possibility to assemble vehicles in the province of Sindh. Under the MoU, Audi will study the federal trade policies, legal, logistical and economic feasibility to establish an assembly plant in the Province of Sindh through its authorized general importer in Pakistan; Premier Systems.
The signing of the MoU by Ms. Naheed Memon, Sindh Board of Investment and Mr. Martin Birkner of AUDI AG was witnessed by Mr. Rainer Schmiedchen, Consul-General of Germany in Karachi and Mr. Arshad Raza of Premier Systems.
This is a welcome news since the Auto Policy 2016-21 has surfaced. Audi is a premium German brand and its assembly plant in Pakistan would definitely encourage more international automobile manufacturers to consider Pakistan as their production base. New Auto Policy has started to make its effects and we look forward to see a competition oriented Pakistani automobile market.