Pragoti to Manufacture its Own Brand Automobiles by Mitsubishi's Technical Assistance

Pragati Industries Limited, a state-owned company, will manufacture the automobiles with technical assistance from Mitsubishi Corporation of Japan. To this end, the ‘Automobile Industry Development Policy 2020’ will be finalized very soon. In the light of this policy, the opportunity to provide technical assistance to Japan in the automobile industry will be opened, said Industries Minister Nurul Majid Mahmud Humayun. He also mentioned, “the ministry was working to produce Bangladesh's own brand of motor vehicles. “


The Industries Minister made the remarks during a meeting with the Japanese Ambassador on Monday. The meeting was held at the Ministry of Industry. Officials from the Ministry of Industry and the Embassy of Japan were present.


The meeting discussed Japanese investment in Bangladesh's industrial sector, the industry ministry said in a statement. At this time, Japan provided technical assistance for the production of its own brand of motor vehicles, formulation of National Industrial Policy 2021 and creation of an industrial database, modernization of the motorcycle industry, development of the automobile and light engineering-related industries or vendor industries in Bangladesh, the establishment of motorcycle certification and automotive. Other issues of mutual interest, including technical cooperation, were discussed.


The Industries Minister said Japan has been providing technical assistance to BCIC fertilizer factories for a long time. Japan is also actively involved in the construction of Ghorashal-Polash Urea Fertilizer Factory. He called on the Japanese ambassador to come forward to invest in the modernization of state-owned sugar mills, setting up of agro-based industries, processing of agricultural products and food, development of light engineering industries, and vendor development for small and medium industries.


The Japanese ambassador said other automobile industry entrepreneurs, including Mitsubishi Corporation of Japan, are keen to increase investment in Bangladesh. He mentioned that Japan will provide technical assistance in the production of Bangladesh's own brand automobiles. He opined that a reasonable amount of motorcycle registration fees should be fixed for the development of the motorcycle industry in Bangladesh.


The ambassador emphasized increasing tax incentives, adequate land allocation, and other opportunities to increase Japanese investment. He said the industry ministry's timely action plan for other industries, including the automobile industry, would make a significant contribution to attracting foreign investment.

Category and Tags
Add a comment
good information

http://www.etmgo.com/2021/04/46-house-plan-inspiraton-house-plan_28.html
More stories by
The First Bangladeshi part-time Based Jobs Portal part-time.com.bd

The Bangladeshi economy is expanding rapidly and the number for working people demand is increasing. Many new startups and multinational companies are expanding here. In Bangladesh full-time jobs were a popular emplo...

NASA Will Fly Electric Taxi in the Sky

The US space agency NASA will fly an electric taxi in the sky this time. Recently, its testing has also started. They will decide on this soon. NASA will conduct this special test till September 10. NASA has named this special project Testing Electri

Tim Cook's 10 Years, Got 5 Million Shares of Apple

Tim Cook has completed 10 years as the CEO of US technology giant Apple. And for this, he has got 5 million shares of Apple. According to the US Securities and Exchange Commission (SEC), Tim Cook has sold most of his shares. He got about 750 million

Eventually Pubji and Free Fire Games Stopped in Bangladesh

The Ministry of Posts and Telecommunications has completed the process of blocking Pubji and Free Fire Games following the directions of the High Court. However, the games will take some time to stop completely, said the acting director-general of th

Facebook will Lend up to 50 Lakh Taka to Indian Businessman

Facebook has taken initiative to give loans to small traders. This is the first time in India that such a social media giant has taken such an initiative. Businesses and companies that regularly advertise on Facebook will be given loans.According to

Follow Business Habit on Facebook, Twitter