Table of contents list of acronyms
Download 0.77 Mb. View original pdf
|
| 8.3. REQUIRED SUPPORT In terms of export promotion, we have already identified in the previous Chapter the suggestions made by vendors to raise their technological capability and thereby make them more competitive in international markets. Suggestions include the setting of a Technology Upgradation Fund by SMEDA, establishment of a RD Centre for the automotive sector and fiscal incentives for investment in new products. Vendors were also asked on which areas they need more support. The responses are given in Table 8.4, according to which most support is required in improving quality and achieving cost reductions, followed by easier access to the banking system. Perhaps a role model for the sector is the intense competition in the domestic market for motorcycles, especially from relatively cheap Chinese makes, has raised the cost efficiency of domestic units, such that they can begin to make a foray into foreign markets. The same could be happening in some autoparts. The conclusion is that the automotive sector of Pakistanis still at a relatively early stage of development. Dependence on imports remains high and exports have only commenced in some products with relatively small volumes. If exports are to increase manifold, the AIDP will need to be extended upto 2020 and implemented much more vigorously. Download 0.77 Mb. Share with your friends:
|