‘Country can earn multi-billion dollars forex by exporting Dholaikhal- built automobile’
DHAKA, April 19 (BSS) – Bangladesh could earn multi-billion US dollars foreign exchange by exporting automobile parts being built at the city’s Dholaikhal to US market as a company is keen on importing automobile products from the local automobile zone, which has propelled from almost zero status.
The US company named ‘New Mil Bert Int. Inc’, which import automobiles, already contacted with Bangladesh Industrial Technical Assistance Centre (BITAC) for sending some samples including bumper bracket, rubber brush and suspension kits worth US$15,000.
Responding to the US company’s offer, the BITAC requested Bangladesh Engineering Industry Owners’ Association (BEIOA) to take over the opportunity and later the BEIOA agreed to produce the automobile products.
“The automobile samples are now ready. We have maintained highest quality and those will be sent to the US market next week,” Abdur Razzaque, president of the BEIOA told BSS today.
He said the US company is now importing the automobile sample from Taiwan and India, he said adding that Bangladesh is likely to will get huge export order once the sample is okayed.
It also assured the BEIOA of providing technical support to build expensive control numerical control (CNC) machine to expedite manufacturer, said Razzaque.
“We have set a target to surpass the number one export earning garment sector within few years by exploring untapped potential of local automobile products,” said BEIOA president.
Razzaque said, the sector needs the government support for technological upgradation, planned infrastructures and luster of all items.
Besides, an area has already been located for setting up an industrial park under the public-private-partnership (PPP) initiative.
“We do not need aid from the government or foreign donors. I we get the government’s policy support, the sector will show how it can change the country’s economic status,” said the optimistic entrepreneur.
The sector mainly involves three kinds of works—making complete machinery, construction of equipment and spare parts.
There are currently around 40,000 small-scale light engineering enterprises in the country, which directly involves six lakh people, according to Board of Investment (BOI) statistics.
The sector manufactures more than 10,000 types of items and the BEIOA can now supply light engineering products worth Taka 2000 crore a year for local industries.
source: http://www.bssnews.net/newsDetails.php?cat=0&id=101451&date=2010-04-19
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