KARACHI - Indus Motor Company plans to expand and roll out the Phase II of Press Shop in 2010-11 for making additional body parts as part of its long term strategy in Pakistan. The Board of Directors in a recent meeting, showed their confidence in the long-term potential of the local automobile industry reiterating their trust in the balanced long-term policies of the government. The Board approved a multi billion Rupees (PKR 1.6 billion) investment plan involving purchase of latest technology including stamping press machines and other equipment to add to the existing two presses and ancillary equipment which the company acquired in 2008. This investment will further enhance transfer of technology, create more employment opportunities and above all, foster localization of parts.