KARACHI, Nov 30: The chairman, Indus Motor Company (IMC), S. Ali Habib has said that his company will spend Rs100 million to support its vendors in the area of human resource development, quality improvement and technology transfer.

Addressing the 8th Vendor and Supplier Convention of the IMC on Tuesday, he stressed the need for the joint effort by the government and the industry in making a long-term strategy to build on and maintain the recent success.

He said that in changing world scenario, the recent success of the industry can only be safeguarded and sustained if consistent policies are clearly enunciated and effectively implemented.

Member, Customs, Central Board of Revenue (CBR), Ramzan Bhatti assured CBR's full support in removing bottlenecks, encourage further investment and provide consistent incentives for the industry.

The chairman, PAAPAM, Mehdi Ali Rizvi, said that car production has expanded to 100,000 units in the last one and a half years. He said vendors have been asked to gear up their efforts in increasing their production.