KARACHI: Toyota Boshoku Corporation (TBC) is willing to increase its investment in Pakistan for the manufacturing of interior components, its chairman Dr Shuhei Toyoda said on Friday.

He was visiting a plant of Thal Boshoku Pakistan (TBP) a joint venture between Thal Limited, Pakistan and Japan`s Toyota Tsusho Corporation and TBC.

Dr Toyoda said Thal Boshol(u was a good example of technology transfer between Pakistan and Japan and was proving vital for the growth of the local auto industry. He added Pakistan is one of the high-growth potential countries in the world for automobiles and there is a good opportunity for world class manufacturers of auto parts.

CEO TBP Asif Rizvi said the company is the first Japanese joint venture in the car vendor industry in Pakistan. `We are looking forward to the transfer of technology from Toyota Boshoku and providing locally produced solutions to the auto industry which meet global standards of quality and comfort,` he added.