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1. August 2010 7 01 /08 /August /2010 23:24
'Country can earn multi-billion dollars forex by exporting Dholaikhal- built automobile'
 
DHAKA, April 19 (BSS) - Bangladesh could earn multi-billion
US dollars foreign exchange by exporting automobile parts being
built at the city's Dholaikhal to US market as a company is keen
on importing automobile products from the local automobile zone,
which has propelled from almost zero status.

The US company named 'New Mil Bert Int. Inc', which import
automobiles, already contacted with Bangladesh Industrial
Technical Assistance Centre (BITAC) for sending some samples
including bumper bracket, rubber brush and suspension kits worth
US$15,000.

Responding to the US company's offer, the BITAC requested
Bangladesh Engineering Industry Owners' Association (BEIOA) to
take over the opportunity and later the BEIOA agreed to produce
the automobile products.

"The automobile samples are now ready. We have maintained
highest quality and those will be sent to the US market next
week," Abdur Razzaque, president of the BEIOA told BSS today.

He said the US company is now importing the automobile
sample from Taiwan and India, he said adding that Bangladesh is
likely to will get huge export order once the sample is okayed.

It also assured the BEIOA of providing technical support to
build expensive control numerical control (CNC) machine to
expedite manufacturer, said Razzaque.

"We have set a target to surpass the number one export
earning garment sector within few years by exploring untapped
potential of local automobile products," said BEIOA president.

Razzaque said, the sector needs the government support for
technological upgradation, planned infrastructures and luster of
all items.

Besides, an area has already been located for setting up an
industrial park under the public-private-partnership (PPP)
initiative.

"We do not need aid from the government or foreign donors. I
we get the government's policy support, the sector will show how
it can change the country's economic status," said the optimistic
entrepreneur.

The sector mainly involves three kinds of works---making
complete machinery, construction of equipment and spare parts.

There are currently around 40,000 small-scale light
engineering enterprises in the country, which directly involves
six lakh people, according to Board of Investment (BOI)
statistics.

The sector manufactures more than 10,000 types of items and
the BEIOA can now supply light engineering products worth Taka
2000 crore a year for local industries.
 
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