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Fifth: Tata quality is not that good. Ashok Leland has better quality than tata and has sizeable market in BD. You want to proof take a picture of volvo or japanese bus or truck and take a picture of Tata bus or truck running in BD street. You will get an idea. Cheap always is not good answer Bnagladesh should move away from that.
Since your Bangladesh brain cannot fathom the context of what it said, let ME spoon feed you a bit. China in the English language is a proper noun for a country in Asia or a common noun for certain kinds of ceramics. There are absolutely no alternative interpretations in any language linking china to chinese companies. Fact is your bangladeshi brain didn't have a clue to what it was talking about, never did have a clue and like most of the posts you have put up here, was just shooting it's mouth off.
Good to know you are still in grammar school. Did not know "copy and paste" practice are taught that early age in india.
U didn't think I'd waste my time inventing something original for you...did you?Good to know you are still in grammar school. Did not know "copy and paste" practice are taught that early age in india.
Korean co to manufacture cars in Bangladesh
A South Korean automobile company unveiled a US$ 2.0 billion plan Monday to manufacture cars in Bangladesh aiming to grab the country's fastest growing market and explore export abroad.
Tagaz Korea, established in 2006, has already purchased 350 acres of land at Bhairab in Kishoreganj to set up its second largest plant in Bangladesh, company officials said Monday.
"We want to start construction work at our site by the next six months and it will be completed within 24 months. We will then go for manufacturing cars," Abdul Mannan Nasir, managing director of Cimillae Development Co, a concern of the Tagaz in Bangladesh, told the FE.
Officials at the Tagaz Korea, a Korea and Russia joint venture automaker, wants to manufacture cars in Bangladesh mainly because of its low labour cost and strategic location for export market.
Bangladesh is enjoying a special facility to European market under EBA (everything but arms) and labour is comparatively cheaper. Automobile industry is a semi-labour intensive industry.
Mr Nasir said Bangladeshi auto technicians, who are quick learners, have average wages between US$300-$400 a month, which is more than double in other developing nations.
He said: "A sedan costs US$ 10,000 in South Korea. But we can reduce the cost here by around $3000 due to cheap labour and other facilities existing in the country."
He hinted that local buyers would get a sedan with 1500 cc engine capacity at Tk 700,000-Tk 800,000.
State-owned Pragati Industries Ltd has also taken a move to assemble Mitsubishi sedan by 2011.
Company officials said CCGI, a Korea-based leading funding agency, will invest in the Bangladesh plant.
Company officials said Bangladeshi partners will have 20 per cent stake in the joint venture.
Tagaz Korea, a comparatively new automobile maker, said around 30 South Korean companies will also set up their plants in Bangladesh to provide major raw materials for the plant.
Company sources said around 400 local companies will also be developed to supply different kinds of accessories for the plant.
Tagaz is currently rolling out over 500,000 cars from its Korea plant a year and it is mostly exported to European market. They are planning to manufacture at least 50,000 cars in Bangladesh's plant a year.
Bangladesh's car market has been growing steadily over the past few years mainly because of the credit facility. The average import of re-conditioned cars is around 30,000 a year.
Korean co to manufacture cars in Bangladesh
1000 cr is a very small investment for a Truck manufacturing company. Not sure how much value addition they like to do here.
Tegaz Korea investing 2 bln dollar for their own car manufacturing unit in bangladesh. Also D-8 cars going to hit the market soon.
Since your Bangladesh brain cannot fathom the context of what it said, let ME spoon feed you a bit. China in the English language is a proper noun for a country in Asia or a common noun for certain kinds of ceramics. There are absolutely no alternative interpretations in any language linking china to chinese companies. Fact is your BANGLADESHI BRAIN don't have a clue to what it was talking about, never did have a clue and like most of the posts you have put up here, was just shooting it's mouth off.
This Matlub Ahmed of NITOL always talks big about a TATA assembly factory in Dhaka to get some attention from the media. It is TATA who is supposed to make such a statement. I do not personally think that we need any of Indian company to operate here in the name of reducing balance of trade. It is all nonsense.
It is the govt of India which does not allow our exports to enter its market. We have many items that have the power to destroy many of India's industries. But, India says one thing, and does just the opposite of what it says. A very typical Chanakya mind, indeed.
This Matlub Ahmed of NITOL always talks big about a TATA assembly factory in Dhaka to get some attention from the media. It is TATA who is supposed to make such a statement. I do not personally think that we need any of Indian company to operate here in the name of reducing balance of trade. It is all nonsense.
It is the govt of India which does not allow our exports to enter its market. We have many items that have the power to destroy many of India's industries. But, India says one thing, and does just the opposite of what it says. A very typical Chanakya mind, indeed.
U're talking as if ur CHINA !!!![]()
China or not, we are capable to compete with Indian textiles and steel in the Indian market. So, instead of ridculing BD as China, better ask your govt to open your market. Take chance with a small BD and see the result. By the way, our textile exports have surpassed those of India about one year ago. Does it perplex you?
East watch apart from Jute industry can you tell me where you can give us serious competition?Yes your country can provide cheap labour and services than us..but you dont have a strong Industrial base to compete with us..get back to reality mate..