Bangladesh Industries Minister Nurul Majid Mahmud Humayun has said that Dhaka will roll out its first “Made in Bangladesh” cars next year. In an interview with a news agency, the Minister said: “The Automobile Industry Development Policy 2020 will be finalized very soon. We will start making cars in Bangladesh from next year”.
According to the Minister, the state-owned Pragoti Industries Limited will start manufacturing the automobiles with technical assistance from Mitsubishi Corporation of Japan.
Nurul Majid also said that the Japanese Ambassador Ito Naoki had told him in a meeting that the east Asian country’s automobile industry entrepreneurs, including Mitsubishi Corporation, “are interested in increasing investments in Bangladesh”.
“He (Ito Naoki) also said that Japan would provide technical assistance for the production of Bangladesh’s own brand of motor vehicles. He also offered to assist Bangladesh in developing the vendor industry related to automobile and light engineering industries and setting up an Automobile Testing & Research Institute in Bangladesh,” the Minister said.
The Ministry of Industries has already formulated a time-bound action plan for the development of the automobile and other industries in the country. “This action plan will play an important role in attracting foreign direct investment (FDI),” Nurul Majid said.
Photo Credit : Pragoti Industries Limited