Bangladesh to roll out its first car next year, says industries minister

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Bangladesh to roll out its first car next year, says industries minister
Dhaka will roll out it's first 'Made in Bangladesh' cars next year, Industries Minister Nurul Majid Mahmud Humayun said today.

"The auto Industry Development Policy 2020 will be finalized soon. We will start making cars in Bangladesh from next year," the minister said during an exclusive interview with UNB.

In line with the minister, the state-owned Pragati Industries Limited begins manufacturing the automobiles with the technical help of Mitsubishi Corporation of Japan.

Nurul also said that japan Ambassador Ito Naoki had told him in a meeting that the east Asian country's automobile industry entrepreneurs, including Mitsubishi Corporation, "are considering increasing investments in Bangladesh".

"He [Ito Naoki] also said that Japan would provide technical assistance for the production of Bangladesh's own make of automobiles. He further offered to assist Bangladesh in developing the owner industry linked to automobile and light engineering industries and establishing a car Testing & Research Institute in Bangladesh," the minister said.


The Ministry of Industries has already formulated a time-bound action arrange for the development of the automobile and other industries in the united states. "This step plan will play a crucial role in attracting foreign direct investment (FDI)," he also said.

On the features of domestic car production, he said that foreign cars cost more for end-users due to import duty that is very saturated in this country.

"If cars are created in Bangladesh, their prices may also decrease. People will be able to buy it at affordable prices. If the country produces its own make of automobiles, you will have no shortage of buyers too," he said.

Hailing the youths of the united states as "a progressive workforce", the minister said, "If this industry is produced by utilizing them [the youth], the opportunity to export motor cars and motorcycles to the world market may also be created after meeting the domestic demand." 
Source: https://www.thedailystar.net

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