ZCZC
BSS-30
PRAGATI-VEHICLE
Mitsubishi to assist Pragati for manufacturing own brand vehicles
DHAKA, Dec 4, 2019 (BSS) – Japan’s famous Mitsubishi Motors Corporation
will assist the country’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.
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.
BSS/PR/GM/SSS/1737 hrs