Senate panel members visit IMC

KARACHI: The members of the Senate’s standing committee on production and industries visited the Indus Motor Company (IMC) on Tuesday.

Members were briefed by IMC Chief Executive Ali Asghar Jamali on the company’s contributions to the economy, and how it was developing local vendor-base to generate employment. The delegates participated in the IMC’s million tree initiative by planting a tree.

IMC CEO told the committee that the local auto industry directly employs 300,000 people, while indirect employment was 2.5 million. “The local auto industry’s installed capacity is 285,000 cars which is expected to reach 600,000 by 2021,” Jamali said. The CEO said, “Our flagship brand Corolla has NCAP 4 star rating. NCAP New Car Assessment Program was created by USA national highway traffic safety administration to encourage manufacturers to build safer vehicles.”