China will Build Automobile City in Gwadar

Chinese Investors have made some recent developments and now they are making plan to construct the automobile and chemical city in Gwadar under hood of CPEC. The private news channel said that the Chinese investors have started their homework with concerned government authorities to initiate the automobile city in Gwadar.
The local automobile companies are asked to join hands with the Chinese companies to make the sale of the local industry beneficial and it would also help them in the transfer of technology. It is yet to be watched when authorities of China will turn their paper work into reality. The Chinese firms and contracts are coming to pakistan to get the maximum benefits from the development of China-Pakistan Economic Corridor, which is the accelerate move and it should not come off as the surprise. When huge number of Chinese automobile firms will be present in this part, the commercial and passenger vehicles will be launched at Pakistan Auto Parts Show 2017
The experts of industry claim that this step will move Pakistani automobile industry push forward to the boundaries of progress after long time of stagnancy. The local automobile manufacturers work at their full capacity to meet the ever increasing demand and they consider the backlog of 2-3 months on most of the cars. It is clear that big 3 simply keep up with orders and it leads to the unprecedented increase in the premium of these cars.