ePaper

Wednesday, January 24, 2018

India can meet demand for automobiles in BD: Envoy

  • Print

Indian High Commi-ssioner in Dhaka Harsh Vardhan Shringla on Thursday said his country's automotive industry is in an ideal position to meet Bangladesh's demand for automobiles given its capacity, competence and geographical proximity to Bangladesh.

He said companies from both Bangladesh and India are exploring new opportunities for investing and setting up joint ventures in each other's country.  "In the last few years, we've seen a substantial increase in our bilateral trade," said the High Commissioner at the launching ceremony of IFAD-TVS partnership for distribution of TVS three wheelers in Bangladesh.

Shipping Minister Shajahan Khan attended the function as the chief guest. Chairman of IFAD Group Iftekhar Ahmed Tipu, Senior Vice President, International Business, of TVS Motor Company R Dilip and Deputy Managing Director of IFAD Motors Ltd Taskeen Ahmed were present. Shringla said TVS Motor, a leading two-wheeler and three-wheeler manufacturers in India and the flagship company of the US$ 7 billion TVS Group is already one of the important players in the two-wheeler market in Bangladesh.

He said they have also been active in the three-wheeler market, and their partnership with IFAD Group will help them further penetrate this segment. "This is another great example of the growing commercial relationship between our two countries," Shringla said adding that Bangladesh is a promising market for automotive companies.

The diplomat said with the rapid economic growth and improving road infrastructure, the demand for commercial and passenger vehicles, including three wheelers, in Bangladesh is growing fast.  "As in India, three wheelers serve as an important means of transportation in Bangladesh, particularly in rural and suburban areas."

Shringla said Bangladesh market has attracted the attention of a number of Indian automotive companies which are not only exporting to the country, but have also invested or are investing in setting up assembly or manufacturing plants here.

Ashok Leyland, in partnership with IFAD group, opened a truck assembly plant in Dhamrai last year. IFAD has also started utilising Mongla Port for the import of Ashok Leyland vehicles through sea routes under the Coastal Shipping Agreement between India and Bangladesh. 

-

More News For this Category

Myanmar's neighbors eager to see progress in Rakhine state

| By
Five of Myanmar's neighbors including Bangladesh are eager to see the progress made so far on the ground in the Rakhine State as Myanmar and Bangladesh are now

Saraswati Puja celebrated in Ctg

| By
The Hindu community on Monday celebrated Saraswati (the goddess of learning) Puja, in the port city by offering worships to Debi seeking her blessings for knowledge and wisdom.

Teenage girl's body recovered in Ctg

| By
A teenage girl was found dead in a building near city's Akbar Shah thana on Sunday nightThe deceased was identified as a local Madrasa student Meem Akter, 12,

BEPZA Int'l Investors Summit Wednesday

| By
Bangladesh Export Processing Zones Authority (BEPZA) is set to arrange the 'BEPZA International Investors Summit 2018' at Bangabandhu Interna-tional Conference Center (BICC) in the capital on Wednesday.

Four international tradeshows begin on Wednesday

| By
Four concurrent international tradeshows with participation of nearly 450 companies from more than 24 countries will begin on January 24 at International Convention Centre Bashundhara, Dhaka.These
Four international tradeshows begin on Wednesday

Robi introduces servicebot robots

| By
Robi Axiata Limited introduced Robi-servicebots, intelligent humanoids (service robots) powered by a robust cloud-based artificial intelligence platform on Sunday. The servicebots was unveiled at a ceremony
Robi introduces servicebot robots

Two BCL men injured in infighting at CU

| By Chittagong bureau
Two students were injured in a clash between two factions of Bangladesh Chhatra League(BCL) at Chittagong University  on Sunday. The injured are Shfiqul Alam Miraj, a student of

India supports Rohingya repatriation plan

| By
India supports Bangladesh's plan to start the repatriation of Rohingya refugees and urges the international community to support the process. "You have to start the process. What

2 workers die falling off a building

| By
Two construction workers died on Sunday falling off the roofs of two separate buildings in Beparipara and Batali Hill areas of Khulshi in the city. The

Banglalink subscribers to get doctor's service

| By
Private mobile operator Banglalink has introduced 'Doctor's Appointment', a new feature in its "Healthlink 789" service that will help Banglalink customers to get over-the-phone appointments of specialist physicians.

© 2018 The Asian Age