Rahimafrooz gets nod to launch unit in India

[TopCat]

Battery maker Rahimafrooz eyes a big jump in sales in the Indian market as the company won a battle to set up a subsidiary in the neighbouring country, a senior official of the company said yesterday.

Rahimafrooz had long been lobbying with the Indian government for getting approval from the central government to set up the company as the demand for its batteries is on the rise in the Indian market.

A statement issued by the Indian finance ministry yesterday said the central government approved the project proposal of Rahimafrooz Batteries at a meeting on December 23.

“The demand for Rahimafrooz batteries is high in India and it is rising every year. Currently we sell two lakh batteries in India every year,” said Munawar Misbah Moin, a group director of Rahimafrooz.

“Our target is to become one of the top three brands in India by 2015,” said Moin. “This approval will increase our sales to one million pieces a year.”

Now Exide, Amaron and Amco are the top brands in India, he said. Rahimafrooz plans to set up a wholly owned subsidiary with an investment of around Tk 16 lakh to undertake import and wholesale distribution and provide after-sales services.

The company mainly exports its Volta, Delta, Optus and Globatt automotive batteries to the fast growing Indian auto market.

Last year the company exported around five lakh batteries worth $ 17.5 million, of which 20 percent came from exports to India.

Rahimafrooz, which has two automotive battery plants in Savar and Ishwardi, now sells batteries in India through four branch offices and 10 local distributors. “We are hopeful that Bangladesh Bank will allow us to invest in India,” said Moin.

A senior BB official from the department concerned said, “There is an application and it is under consideration.”

Rahimafrooz gets nod to launch unit in India

 

[Roybot]

This Manmohan Singh is a Bangladeshi stooge, has made India another state of Bangladesh

 

[integra]

Good Move! Let Rahim Afrooz dump their goods on the other side.

Anyways it's true that Rahim Afrooz has the largest Battery Production
plant (By capacity) in South asia.

 

[eastwatch]

This Manmohan Singh is a Bangladeshi stooge, has made India another state of Bangladesh

Come on! Do not joke, please. Many of our industries want to set up a strong footing in India. Many other companies in BD are waiting in line.

 

[Avisheik]

Good move. Participating in the growth of large economies such as india will ensure rise of our country in the international stage. However, investors must remember to hire bangladeshis in the top posts to run the companies

---------- Post added at 06:13 PM ---------- Previous post was at 06:12 PM ----------

This Manmohan Singh is a Bangladeshi stooge, has made India another state of Bangladesh

Yup colonisation of india has begun, by next year we shall have darjeeling

 

[Roybot]

No one is going to buy substandard bangladeshi stuff.

 

[hembo]

This Manmohan Singh is a Bangladeshi stooge, has made India another state of Bangladesh

No one is going to buy substandard bangladeshi stuff.

I wonder why your signature says "Troll mode off".. But then, a little dose of good sarcasm is always good for health..

 

[patna_ke_presley]

Hope this Bangladeshi company will make Good Quality battery unlike cheap and dangerous exploding Chinese battery.

 

[Zabaniyah]

This Manmohan Singh is a Bangladeshi stooge, has made India another state of Bangladesh

We can certainly use more land

---------- Post added at 05:19 PM ---------- Previous post was at 05:17 PM ----------

No one is going to buy substandard bangladeshi stuff.

It's based on a German technology.

Rahimafrooz Batteries Ltd. launches Globatt battery power with German technology | PRLog
Rahimarooz Globatt Ltd.Think Global - Be Global

 

[livingdead]

We can certainly use more land

---------- Post added at 05:19 PM ---------- Previous post was at 05:17 PM ----------



It's based on a German technology.


Rahimafrooz Batteries Ltd. launches Globatt battery power with German technology | PRLog
Rahimarooz Globatt Ltd.Think Global - Be Global

He was trolling(I mean trying to be bangladeshi). Dont take it seriously.
If the company has been permitted, I am sure it is good enough, and rest should be left to the buyers to decide.

 

[Zabaniyah]

^But...but...on his profile it says troll mode off!

But the technology that it's based on is feasible

 

[-INDIAN-]

alas atlast some good thing from the BD side on India....we are not your enemies....and never think that we are hypocrites and trying to make you as a annex of India..

 

[JAT BALWAN]

Come on! Do not joke, please. Many of our industries want to set up a strong footing in India. Many other companies in BD are waiting in line.

Good...

But when ours want the same why all BD fellows of PDF behave like @ss on fire???

 

[Polemos]

This Manmohan Singh is a Bangladeshi stooge, has made India another state of Bangladesh

Bangladesh is working to make India a desert state

 

[takeiteasy]

Now Exide, Amaron and Amco are the top brands in India

Amaron is good. Exide I've lost faith. Amco too is a good brand. but, overall Amaron,Bosch(for diesels which needs heavy cranking) and Panasonic Base Terminal Batteries win. this is My experience(with cars). forgot, AC-DELCO brand.

Let us see, if Bangladeshi Battery will last.