Bangladesh is set to become an automobile producer country soon as various global carmaking giants have announced their keenness to set up car manufacturing plants here.
Very recently, Japanese investors have shown their interest to invest in the gasoline engine car manufacturing industry in Bangladesh. Japanese Honda Company has already set up factory in Bangladesh for producing Honda brand motorcycles.
Earlier, Indian automotive giant Tata Motors Ltd unearthed its plan to set up a passenger vehicle manufacturing plant in Bangladesh for domestic customers as well as markets in northeast India.
Bangladesh Investment Development Authority has already discussed with the officials of the Bangladesh Economic Zones Authority for establishing a separate economic zone for the automobile industry.
Making reference to these developments Industries Minister Nurul Majid Mahmud Humayun on Thursday said that in near future Bangladesh would not import cars and other automobile vehicles as the country would manufacture those domestically.
He came up with this statement while speaking at an inaugural session the 14th edition of three-day Dhaka Motor Show at the International Convention City Bashundhara. CEMS Bangladesh in association with CEMS Global has organised the event.
The minister said the Bangladesh does no more wants to depend on automobile vehicles made abroad; instead it wants to become a car manufacturer.
He said the country has already made many soldiers and that now it would make industrialists.
The Dhaka Motor show, along with the concurrent expositions, is the only gateway to the automotive industry of Bangladesh.
The exposition exhibits new vehicles and aftermarket components of the rapidly expanding automotive market and offers a perfect business-to-business platform, said organizers.
“Bangladesh has become a role model of development through dynamic and farsighted leadership of Prime Minister Sheikh Hasina. And now foreign countries have started following Bangladesh,” the industries minister said.
He added Bangladesh speeded up national advancement in all sectors including industry in the last one decade.
“All credits go to the Father of the Nation Bangabandhu. Had he (Bangabandhu) not set up Bangladesh Small and Cottage Industries Corporation (BSCIC), the country’s industry sector couldn’t have reached this stage,” Nurul Majid said.
The inauguration ceremony of the motor show was presided over by SAMS Global President Meherun N Islam. Reyad Hasnain, managing director of REL Motors Limited (Subaru) Bangladesh, A K M Tauhidur Rahman, head of sales of Rancon Motor Bikes Ltd, Faiaz H Chowdhury and other automobile businessmen also attended the function.
Bikes, commercial vehicles and auto parts, are being displayed in the show.
The 5th Dhaka Bike Show 2019, the 3rd Dhaka Commercial Vehicle Show 2019, and the 4th Dhaka Auto Parts Show 2019 will are also take place coinciding with the motor show at the same venue.
Some 265 exhibitors from 16 countries are displaying their products and services in more than 580 booths at the exposition.
These companies are also displaying renowned brands from Bangladesh, Germany, Italy, France, the US, Japan, China, India and Malaysia.
According to the organisers, bike market in Bangladesh is growing rapidly and people want to buy the best products. The organisers are bringing some exciting stuff at the exposition like they did last year.
Vehicles in the categories of cars, sports utility vehicles, multi-utility, vehicles, commercial vehicles, buses, trucks, three wheelers, alternative, energy-driven vehicles, electric vehicles, motor cycles, and scooters are being exhibited in the show.
Besides, auto parts and services such as automotive components and spares, garage and garage equipment, accessories, insurance products and services, auto finance and leasing, IT for auto industry, oil and lubricants, CNG kits and units, tyres, wheels, design concepts, auto electronics, coach builders and design vehicles are being also being displayed at show.