To begin with, The Automobile Industry Development Policy 2020 will expire sooner. Without delay, Bangladesh will start making cars from the consequent year. As per Industries Minister Nurul Majid, the state-claimed Pragati Industries Limited will begin producing the cars. In addition, the state will get experts’ help from Mitsubishi Corporation of Japan.
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Further, the Japanese Ambassador Ito Naoki stated in a meeting that the east Asian country’s automobile industry entrepreneurs are eager in increasing investments in Bangladesh. Coupled with, Mitsubishi Corporation.
“If cars are made in Bangladesh, their prices will also decrease. People will be able to buy it at affordable prices. If the country produces its own brand of automobiles, there will be no shortage of buyers too.”
– Industries Minister Nurul Majid Mahmud Humayun
In this regard, Japan would give special support to help to produce motor cars in Bangladesh along with its bright future. Moreover, Japan offered to help Bangladesh in building up the merchant business identified with the vehicle. Coupled with, light designing ventures and setting up an Automobile Testing and Research Institute.
In the same vein, The Ministry of Industries defined a period headed activity plan for the advancement of car businesses in the nation. Not to mention, This activity plan will assume a significant part of drawing in foreign direct investment (FDI).
Generally speaking, We Hail the young people of the nation as a creative labor force. With this in mind, this industry is consists of the young in order to create the chance to send out engine vehicles. Not to mention, motorcycles to the world market will likewise be made subsequent to fulfilling the homegrown need.