BIDA offers safe policy for foreign investors

FE Online Desk | Published: June 17, 2019 14:02:18 | Updated: June 18, 2019 17:25:40

Bangladesh Auto Industries Ltd will manufacture environment-friendly two-wheeler, three-wheeler and four-wheeler cars within March-April of next year.

Managing Director of the company Mir Masud Kabir disclosed this in a meeting with Kazi Mohd Aminul Islam, executive chairman of Bangladesh Investment Development Authority (BIDA) on Sunday.

The company, a joint venture project with the financial support of Mango Technology Ltd and foreign investors is now establishing the factory at Mirsharai in Chittagong.

During the meeting, the BIDA chief assured the company management of all-out cooperation for the successful completion of the project and said Bangladesh offers a safe and secure foreign investment policy in the country.


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