LOCAL automotive players are probably now keeping their fingers crossed. The much-awaited automotive manufacturing road map is expected to be issued within the week, according to the top-level Japanese executives who recently paid a courtesy call to President Aquino.
In that meeting, investors were reportedly assured that the road map would be issued very soon, barring any unforeseen events.
Nobuo Fujii, vice president of the Japanese Chamber of Commerce and Industry of the Philippines Inc. (JCCIPI), said that based on their “understanding and impression,” it would be anytime this week, while another ranking government official separately confirmed of such talks and of the impression given to investors.
Then again, this remains to be seen. After all, local players have been waiting for the issuance of this proposed road map over the past two years and until the actual document is made public, that will be the only time that they can finally weigh in their prospects of whether automotive manufacturing will indeed be feasible to do in the Philippines. Amy R. Remo
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