The International Multi Group of Companies, a Pakistan-based business conglomerate with highly diverse interests, wants India and Pakistan to reconsider trade agreements for them to import Nano and CNG Buses from Tata Motors.
Pakistan allows a limited number of vehicles to be imported and instead encourages manufacturers to assemble cars to help develop the local economy. The second bottle neck standing in the way is the RBI' policy of not permitting joint ventures or investments in Pakistani soil.
A low-cost vehicle like Nano will sell in large numbers in similar terrains and IMGC would like to capitalize on this opportunity and the global buzz Nano' price, features, fire cases and political controversies managed to generate.
Given the extraction of international terrorist Osama Bin Laden by special forces from United States, not very far away from a military installation in Pakistan, happened only days ago, investments in Pakistan will be a call that foreign business houses will not take at the moment.
Source - EconomicTimes.Indiatimes.com
