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Millat has been the pioneer in indigenization and has played a major role in setting up of the automotive vending industry base in the country. Millat Tractor has achieved the highest level of localisation than any other OEM in Pakistan. This has been possible by embracing cost effective techniques for low volume production resulting in major foreign exchange savings. 
In order to develop a strategy to cope with the current world-wide recession and future scenarios of liberalised trade and stiff international competition, Millat is holding the 12th vendors' conference of its vending associate base of more than 200 companies on 5th December, 2013 at Faletti's Hotel, Lahore. The theme of the conference is 'Global Competitiveness'.-PR
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07:38
July 05, 2013
Millat Tractors Limited (MLT), the manufacturer of Massey Fergusan tractors in Pakistan, launched its new tractor models; MF 350 Plus and MF-360, at a local hotel here on Thursday. The launching ceremony was attended by progressive farmers, industrial users, company dealers, vendors and officials from various government departments. 
Launching the new models, MTL chairman Sikandar Mustafa Khan said that the new models had been developed by the Pakistani engineers keeping in view the farming needs and affordability of the local customers. "The models are more than 90 percent indigenized, economical, efficient, and easy to operate. These are equipped with fuel efficient high performance engine, heavy duty front and rear axle, robust front support, oil immersed multi disc brake system, hydrostatic power steering, longer wheel base - increased stability and pulling power," he added. Mustafa said that the local manufacturing industry was not only sufficient in meeting tractor demand of the farmers nation-wide but the industry in collaboration with its vendors was also a source of employment for thousands of people.
"MTL is also committed to strengthen the nation economically by paying off due taxes and by helping to save precious foreign exchange reserves through localisation of tractors," he added. CEO Millat Tractors Syed Muhammad Irfan Aqeel said that despite may difficulties, MTL was able to achieve tractor sales target of 32,00 during the year 2012-13 year. He said that MTL had sixty five percent share of the local market. While staying cost effective, these tractors are produced with an aim to provide affordable and efficient solution for the customers, he added.
Speaking on the occasion, Secretary Agriculture Punjab Dr Ijaz Munir appreciated MTL's role in the national economy and boost of agriculture sector. He assured government's commitment to support farming community, particularly through subsidy schemes like Green Tractor Scheme Punjab and other measures to boost the mechanised process. MD AGCO Andreas said that they were proud of relationship with MLT and now Pakistani produced tractors would be taken to the export market.
Source:
http://www.brecorder.com
In order to develop a strategy to cope with the current world-wide recession and future scenarios of liberalised trade and stiff international competition, Millat is holding the 12th vendors' conference of its vending associate base of more than 200 companies on 5th December, 2013 at Faletti's Hotel, Lahore. The theme of the conference is 'Global Competitiveness'.-PR 
