Tata Motors to set up car spare parts plant in country
Tata Motors Ltd of India has primarily agreed to establish a spare parts industry of Tata cars in joint-venture with Bangladesh in the country.
This was disclosed Saturday at a press conference and award-giving ceremony at the Dhaka Reporters Unity in the city. The event was organised by Bangladesh Engineering Industry Owners’ Association (BEIOA).
BEIOA president Abdur Razzaque, its former president Abul Hashem, senior vice- president Abdur Rashid and vice president Ali Akbar, among others, were present on the occasion.
Abdur Razzaque said the delegates from Tata Motors Ltd had primarily agreed to establish a spare parts industry of car in Bangladesh when they visited the second Bangladesh International Industrial and Engineering Technology Tradeshow (BIET-2011) that concluded on March 5.
“Besides, the light engineering industries association of Jharkhand in India invited us to visit their industries,” said the Association leader.
He said the potentiality of the country’s light engineering sector has been boosted up through the fair.
The BEIOA was the organiser of the fair and it had achieved the goal of this fair. The participation of foreign and local investors were more satisfactory compared to the last year, said the president.
He said the visions of BIET-2011 were to reduce the gap between the entrepreneurs and the consumers and to attract foreign investment.
Around 103 engineering companies participated in the fair. Of them, 34 were foreign companies and the rest were local ones.
BEIOA awarded six light engineering industries for attractive stall decoration and best products in the BIET fair.