Car factory in Rajshahi
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RAJSHAHI, May 22,
2015 (BSS)- Rajshahi, a potential place for industrialization, is
going to get a car (automobile) factory with foreign investment.
Three famous Korean car manufacturing companies have taken the initiative in cooperation with Ena Group in Bangladesh. To hasten the process, an 11-member team from the three companies- Zinwao, BMG and KRW- is scheduled to visit Rajshahi.
Dr Muslem Uddin, Deputy Managing Director of Ena Group, told the local journalists that the initiative has been taken as part of establishing industries in the hitherto neglected Rajshahi.
He also said Rajshahi BSCIC Industrial estate has been selected for the venture. The team will visit the site to gather knowledge about trade and business here on Sunday next.
Chairman of Ena Group Engineer Enamul Haque, MP, said on commissioning of the factory trade and business in Rajshahi will be expanded besides creating employment opportunities.
Meanwhile, Md Muniruzzaman, President of Rajshahi Chamber of Commerce and Industry, termed the venture as laudable and called for more foreign investment in the region.
He said more foreign investment towards industrialization, especially agriculture and its processing sector in the region has become an urgent need for making the sector more vibrant besides encouraging the growers, chamber leaders and economists here said.
He viewed if the investment were enhanced substantially the agricultural sector coupled with ICT sector will bring an unprecedented success for the region. Quick implementation of the proposed Hi-tech Park in Rajshahi could be the effective means of flourishing the agro-based economy.
Time has come to consider the issue of foreign investment in Rajshahi's agriculture and its problems and prospects to find out a reasonable solution in this regard.
Apart from this, farmers-friendly banking has become an urgent need for strengthening the agro-based economy of the region thereby the agricultural products can enrich the export-list more besides minimizing the existing gap between export and import.
Quoting the official records, the chamber leader said volume of total foreign investment in Rajshahi since 1971 to 2014 is only 0.014 percent. The figure is very negligible towards enriching the export list besides minimizing the existing gap between export and import.
Referring to the existing statistics in various developed and developing countries he said foreign investment is always supportive towards raising value labourers besides boosting their numbers.
He underscored the need for setting up agro-processing industries to ensure maximum utilization of agricultural products.
Establishment of agro-processing industries would encourage the farmers to grow more high valued products for their higher income. He termed the industrialization as the most relevant indicator of the country's progress and prosperity.
The agro-based industries constitute about 50 percent of the country's total industries, employing 60 percent of the total labor forces in the industrial sector.
Three famous Korean car manufacturing companies have taken the initiative in cooperation with Ena Group in Bangladesh. To hasten the process, an 11-member team from the three companies- Zinwao, BMG and KRW- is scheduled to visit Rajshahi.
Dr Muslem Uddin, Deputy Managing Director of Ena Group, told the local journalists that the initiative has been taken as part of establishing industries in the hitherto neglected Rajshahi.
He also said Rajshahi BSCIC Industrial estate has been selected for the venture. The team will visit the site to gather knowledge about trade and business here on Sunday next.
Chairman of Ena Group Engineer Enamul Haque, MP, said on commissioning of the factory trade and business in Rajshahi will be expanded besides creating employment opportunities.
Meanwhile, Md Muniruzzaman, President of Rajshahi Chamber of Commerce and Industry, termed the venture as laudable and called for more foreign investment in the region.
He said more foreign investment towards industrialization, especially agriculture and its processing sector in the region has become an urgent need for making the sector more vibrant besides encouraging the growers, chamber leaders and economists here said.
He viewed if the investment were enhanced substantially the agricultural sector coupled with ICT sector will bring an unprecedented success for the region. Quick implementation of the proposed Hi-tech Park in Rajshahi could be the effective means of flourishing the agro-based economy.
Time has come to consider the issue of foreign investment in Rajshahi's agriculture and its problems and prospects to find out a reasonable solution in this regard.
Apart from this, farmers-friendly banking has become an urgent need for strengthening the agro-based economy of the region thereby the agricultural products can enrich the export-list more besides minimizing the existing gap between export and import.
Quoting the official records, the chamber leader said volume of total foreign investment in Rajshahi since 1971 to 2014 is only 0.014 percent. The figure is very negligible towards enriching the export list besides minimizing the existing gap between export and import.
Referring to the existing statistics in various developed and developing countries he said foreign investment is always supportive towards raising value labourers besides boosting their numbers.
He underscored the need for setting up agro-processing industries to ensure maximum utilization of agricultural products.
Establishment of agro-processing industries would encourage the farmers to grow more high valued products for their higher income. He termed the industrialization as the most relevant indicator of the country's progress and prosperity.
The agro-based industries constitute about 50 percent of the country's total industries, employing 60 percent of the total labor forces in the industrial sector.
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