Mitsubishi Motors is interested in assembling new models of vehicles in Bangladesh as part of its future business operations.
A delegation from Mitsubishi Motors Corporation discussed several plans with BIDA Executive Chairman Md. Sirazul Islam during a meeting on Thursday afternoon.
“We are interested in future business operations in Bangladesh, and more knowledge of the policy situation here will help the development of our plans,” said Vice President Mr. Tatsuo Sato, who was heading the delegation.
Mitsubishi Motors is interested in assembling new models along with larger vehicles with state-run Pragoti Industries, he said, adding that the Japanese carmaker is also considering manufacturing Mitsubishi cars in Bangladesh as part of a long-term vision.
The delegation members hoped that the Automobile Policy, currently being drafted by the Ministry of Industries, will soon provide encouraging provisions for potential investors.
They appreciated the government’s move to encourage assembly over import, and hoped its policy would eventually cover the entire industry including cars with higher engine capacity and set the foundation for development of broader technical facilities in Bangladesh.
“BIDA offers full support to Japanese investors. As part of our efforts, we will provide all necessary facilitation to high-value investors like Mitsubishi Motors,” said the BIDA Executive Chairman.
Earlier in May, a high-powered delegation from Mitsubishi Motors visited Bangladesh on BIDA’s invitation. The team visited the Mirsarai Economic Zone, Pragoti’s assembly plant in Sitakunda and held several meetings with top government officials.
The delegation headed by Mr. Sato has also held crucial meetings with the Honourable Minister of Industries and the Chairman of National Board of Revenue.