Trucks to be made in Bangladesh
Bangladesh will soon turn into an automobile manufacturing country that will pave way for exporting 'Made in Bangladesh' trucks to the global market for the first time.
Nitol-Niloy Group of Bangladesh joined hands with Tata Motors, India' s largest automobile company, to set up the country's first automobile manufacturing plant.
Nitol-Niloy Group Chairman Abdul Matlub Ahmed told the news agency that a deal would be signed by the end of this month or January next year.
The two private sector business conglomerates of Bangladesh and India think the project would bring manifold benefits for the country through employment generation and boosting export earnings.
Mini and light trucks will be manufactured in the joint-venture plant to be set up on 250 bighas of land at Pakundia in Kishoreganj at a cost of nearly Tk 1,000 crore.
The project will likely reduce the price of trucks in the domestic market, provide employment opportunity and make country's export-list bigger.
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