BD will make cars from next year, prices will be affordable

Industries Minister Nurul Majid Mahmud Humayun said Bangladesh will make its very own emblem of motors from subsequent year. ‘Made in Bangladesh’ vehicles can be introduced below the Automobile Industry Development Policy. He additionally said that the rate of his very own brand car will be less than the price of imported car.

In an exceptional interview with UNB, the Minister said, “The Automobile Industry Development Policy-2020 might be finalized very quickly. We will start making motors in Bangladesh from next yr.

The minister stated country-owned Pragati Industries Limited would begin manufacturing automobiles with technical help from Mitsubishi Corporation of Japan.

The Industries Minister in addition said, “Recently, he had a assembly with Japanese Ambassador to Bangladesh Naoki Ito. During the meeting, the ambassador stated that Mitsubishi Corporation and different Japanese car marketers are interested by increasing investment in Bangladesh.

The Industries Minister stated, “Japanese Ambassador Naoki Ito said that Japan could offer technical help for the manufacturing of Bangladesh’s personal brand of motors. He additionally supplied to help increase supplier industries associated with the automobile and light engineering industries in Bangladesh and to installation an vehicle checking out and studies institute in Bangladesh.

Mentioning that the Ministry of Industries has already formulated a plan for the improvement of other industries which includes vehicle enterprise, the Industries Minister said, “This action plan will make a giant contribution in attracting foreign direct investment (FDI).”

Regarding the numerous benefits of domestic vehicle manufacturing, the minister said, ‘Foreign cars are extra high-priced in Bangladesh because of import duty. But if the car is made within the country, its charge will cross down. People might be in a position to buy motors at inexpensive prices. If the us of a produces its own emblem of vehicles, there may be no scarcity of consumers.

Describing the youth of the country as an ‘modern group of workers’, the Industries Minister stated, “If this enterprise is advanced by way of using the young people, the opportunity to export vehicles and motorcycles to the arena marketplace could be created via assembly the home call for. End …

He additionally supplied to help increase supplier industries associated with the automobile and light engineering industries in Bangladesh and to installation an vehicle checking out and studies institute in Bangladesh.During the meeting, the ambassador stated that Mitsubishi Corporation and different Japanese car marketers are interested by increasing investment in Bangladesh.’Made in Bangladesh’ vehicles can be introduced below the Automobile Industry Development Policy. He additionally said that the rate of his very own brand car will be less than the price of imported car.