KARACHI: Toyota Boshoku Corporation (TBC) is willing to increase its investment in Pakistan for the manufacturing of interior components, its chairman Dr Shuhei Toyoda said on Friday.

He was visiting a plant of Thal Boshoku Pakistan (TBP) — a joint venture between Thal Limited, Pakistan and Japan’s Toyota Tsusho Corporation and TBC.

Dr Toyoda said Thal Boshoku was a good example of technology transfer between Pakistan and Japan and was proving vital for the growth of the local auto industry. He added Pakistan is one of the high-growth potential countries in the world for automobiles and there is a good opportunity for world class manufacturers of auto parts.

CEO TBP Asif Rizvi said the company is the first Japanese joint venture in the car vendor industry in Pakistan. “We are looking forward to the transfer of technology from Toyota Boshoku and providing locally produced solutions to the auto industry which meet global standards of quality and comfort,” he added.

Published in Dawn, May 13th, 2017