Tagaz team looks into technicalities before setting up car plant
Wednesday, 10 February 2010
Jasim Uddin Haroon
A high-powered team of Tagaz, a Russia-Korea car manufacturer, is now in Dhaka to finalise a car-manufacturing project in Bangladesh.
Earlier in October, the Tagaz Bangladesh unveiled a US$ 2.0 billion plan to manufacture cars in Bangladesh aiming to grab the country's fast growing market and explore the scope of export abroad.
Industries Minister Dilip Barua was present during unveiling of the plan at a function in the city.
Abdul Mannan Nasir, Bangladesh representative, told the FE Sunday: "A high-powered team of Tagaz from Korea has arrived in Dhaka and they are now discussing different technical issues."
He also said: "Chairman of Tagaz from Russia will visit the site shortly and see for himself the others things."
Tagaz is a Korea-Russia joint venture and it has two plants in Russia and one plant in South Korea.
Mr Nasir said they had already purchased around 350 acres of land at Bhoirab in Kishoreganj to set up the proposed plant.
Officials at the Tagaz Bangladesh said it wants to manufacture cars in Bangladesh, mainly because of its low labour cost and the advantage it enjoys in export to neighbouring countries and Europe.
A high-powered team of Tagaz, a Russia-Korea car manufacturer, is now in Dhaka to finalise a car-manufacturing project in Bangladesh.
Earlier in October, the Tagaz Bangladesh unveiled a US$ 2.0 billion plan to manufacture cars in Bangladesh aiming to grab the country's fast growing market and explore the scope of export abroad.
Industries Minister Dilip Barua was present during unveiling of the plan at a function in the city.
Abdul Mannan Nasir, Bangladesh representative, told the FE Sunday: "A high-powered team of Tagaz from Korea has arrived in Dhaka and they are now discussing different technical issues."
He also said: "Chairman of Tagaz from Russia will visit the site shortly and see for himself the others things."
Tagaz is a Korea-Russia joint venture and it has two plants in Russia and one plant in South Korea.
Mr Nasir said they had already purchased around 350 acres of land at Bhoirab in Kishoreganj to set up the proposed plant.
Officials at the Tagaz Bangladesh said it wants to manufacture cars in Bangladesh, mainly because of its low labour cost and the advantage it enjoys in export to neighbouring countries and Europe.