Dhaka, Bangladesh
German business team proposes to assemble cars in Bangladesh

German business team proposes to assemble cars in Bangladesh

News Report A visiting high-level German business delegation has proposed to assemble BMW and Mercedes-Benz cars by setting up a plant in Bangladesh to expand business. Some parts of the BMW and Mercedes-Benz cars will be manufactured in the plant and some will be brought from abroad and later these will be assembled here; the visiting team placed the proposal to Finance Minister AHM Mustafa Kamal on Monday . The German business delegation came to Bangladesh on a five-day visit to assess its business potentiality and paid a courtesy call to the finance minister at his ministry office in Sher-e-Bangla Nagar on Monday. After the meeting, Mustafa Kamal told reporters that the visiting business team would meet Prime Minister Sheikh Hasina and then they will undertake their next course of step in this regard. "It is a good proposal as we will have no import such expensive cars from abroad if they set up the plant," the finance minister said. Alongside this, the Garman business team also assured that they would extend their all-out cooperation to Bangladesh so that its GSP facilities is not cancelled. "Our relation with Germany is very ancient and thus they have been investing here since long. At present, they want to use our jute industry," the finance minister said. Claiming that the country's one of the major export earnings golden ash and jute industry is now facing a hard time, Kamal said jute goods are used in Germany for decorating the BMW and Mercedes-Benz cars.

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