Islamabad, May 4: Tata Nano, the world’s cheapest car, could be cruising on Pakistani roads if New Delhi and Islamabad agree to remove bottlenecks in their trade.
 An international multi group of companies, a Pakistani business house with interests in areas as diverse as edible oil and film imports, has expressed an interest in importing vehicles from India’s mammoth Tata Group, including the Nano and CNG buses. “We already have a letter of intent with the Tata Group as we were interested in their CNG buses. At a later stage, if restrictions in the trade policies of both India and Pakistan are removed, we are interested in bringing the Nano to Pakistan,” IMGC Global Chairman Amjad Rashid told PTI today.
 IMGC’s plans to import CNG buses from Tata have been held up due to restrictions in Pakistan’s trade policy, which allows the import of only a limited number of vehicles and makes it mandatory for a majority of vehicles to be assembled within the country.
 At the same time, the Reserve Bank of India’s policy does not allow joint ventures and investments in Pakistan. “We raised these issues with Indian Commerce Secretary Rahul Khullar when he was in Islamabad last month for talks with the Pakistani Commerce Secretary and he promised to get these restrictions removed,” Rashid said.
 Rashid said his group, which has an annual turnover of about USD 200 million, is keen on bringing the Nano into Pakistan. “That is the ultimate objective. We already have a letter of intent. Once the bottlenecks are removed, we would import the CNG buses and the next step would be the Nano,” he said.

Lastupdate on : Wed, 4 May 2011 21:30:00 Makkah time
Lastupdate on : Wed, 4 May 2011 18:30:00 GMT
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