Mitsubishi to assist Pragati for manufacturing own brand vehicles

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Economic Reporter :
Japan’s famous Mitsubishi Motors Corporation will assist the country’s Pragati Industries Limited for manufacturing own brand vehicles.
The Mitsubishi Motors is also interested to manufacturer the buses, trucks, pick-ups and motor cars jointly with the state-run Pragati Industries.
Vice-President of Mitsubishi Motors Corporation Tatsuo Sato gave the proposal while holding a meeting with the Industries Minister Nurul Majid Mahmud Humayun at the Industries Ministry on Wednesday.
The meeting was discussed about forming an integrated automobile policy for Bangladesh apart from the probable investment from the Mitsubishi Corporation in the country’s automobile sector.
The Mitsubishi delegation noted that the automobile sector in Bangladesh posses a bright potential and it is possible to expand the backward linkage industries in this sector as well as import-substitute vehicle manufacturing apart from generating more employments.
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