Japan’s famous Mitsubishi Motors Corporation will assist Bangladesh’s Pragati Industries Limited for manufacturing own brand vehicles.
The Mitsubishi Motors is also interested to manufacturer the buses, trucks, pick-ups and motor cars jointly with the state-run Pragati Industries, reports BSS.
Vice-President of Mitsubishi Motors Corporation Tatsuo Sato gave the proposal while holding a meeting with the Industries Minister Nurul Majid Mahmud Humayun at the Industries Ministry today, said a Ministry press release.
The meeting was discussed about forming an integrated automobile policy for Bangladesh apart from the probable investment from the Mitsubishi Corporation in the country’s automobile sector.
The Mitsubishi delegation noted that the automobile sector in Bangladesh posses a bright potential and it is possible to expand the backward linkage industries in this sector as well as import-substitute vehicle manufacturing apart from generating more employments.
They also stressed the need for formulating an integrated and investment-friendly automobile industrial policy for wooing more investment from abroad.
The Mitsubishi delegation expressed their interest to manufacturer more new vehicles in partnership with Pragati apart from the existing vehicle model named Pajero Sports CR-45 and L-200 microbus.
Speaking on the occasion, Industries Minister said the government has already framed the draft of automobile industrial policy and suggested that the Mitsubishi delegation to submit their opinion (if any) on this policy.
