India and Pakistan sign MoU to boost auto component trade

Auto Component Manufacturers Association, (ACMA) of India and Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) of Pakistan, have entered into a joint agreement for building up of supply chains via the Wagah route. Delegation from ACMA visited their Pakistani counterparts where an MoU to this effect was signed on August 22, 2014 in Lahore.

india pakistan auto trade mou

Image – indiapakistantrade.org

This new venture between ACMA of India and PAAPAM of Pakistan is an Indian Council for Research on International Economic Relations initiative to bring about normal trade relations between the two countries.

The Indian delegation was headed by Harish Lakshman, who besides holding the post of President of ACMA is also Managing Director of Rane TRW Steering Systems Limited. PAAPAM was represented by Chairman, Usman Aslam Malik who is also Chairman of Kortech Auto Industries Pvt. Ltd.

Participants from both parties met to discuss ways in which there could be sharing of auto components between India and Pakistan while bringing to the fore various challenges faced by both countries where manufacture of auto components were concerned. These discussions were held to bring about greater understanding and ways in which to bring in further initiatives through joint initiatives.

Following the signing of MoU, both parties will meet twice a year to discuss various issues relating to sharing of auto components while working together in skill development in Pakistan along with building of supply chains through road route at Wagah.