Germany wants to set up BMW, Mercedes plant in Bangladesh
DHAKA (The Daily Star/ANN) - Some parts will be manufactured in the plant and some will be brought from abroad for the vehicles to be assembled.
A visiting high-level business delegation of Germany has proposed setting up a plant in Bangladesh to assemble BMW and Mercedes-Benz cars.
Some parts will be manufactured in the plant and some will be brought from abroad for the vehicles to be assembled, the delegation proposed to Finance Minister AHM Mustafa Kamal on Monday.
Arriving on a five-day visit to assess business potential, the delegation was paying a courtesy call on the minister at his office in Sher-e-Bangla Nagar in the afternoon. After the meeting, Kamal told journalists that the delegation would meet Prime Minister Sheikh Hasina and then they would take their next step.
“It is a good proposal as we will no longer have to import such expensive cars from abroad,” the minister said.
Alongside this, the delegation also assured extending all-out cooperation so that Bangladesh’s GSP facilities were not cancelled.
“Our relation with Germany is very ancient and thus they have been investing here for long. At present, they want to use our jute industry,” the minister said.
Once a major earner of foreign currency through exports, the jute industry is now facing a hard time, said Kamal, adding that jute goods were used in Germany for decorating BMW and Mercedes-Benz cars.