With the aim of expanding and strengthening the presence of Indian automobile industry in neighbouring countries, Society of Indian Automobile Manufacturers (SIAM) inaugurated the first-ever Indo-Bangla Automotive Show here today.
The auto show spread over three days has opened for public from February 2-4 2017, from 1030 am to 0730 pm daily. The auto show will witness participation from leading automobile manufacturers from both India and Bangladesh, and open new horizons for expanding business from both the countries.
The event was attended by senior government officials, bureaucrats and key decision makers. Mr. Md. Mosharraf Hossain Bhuiyan, Senior Secretary, Ministry of Industries, Government of the People's Republic of Bangladesh, along with H.E. Mr. Harsh Vardhan Shringla, High Commissioner of India to Bangladesh.
Along with the senior government official, the event will be attended by stalwarts of automobile industries of both the countries.
Commenting on the occasion, Mr. Abdul Matlub Ahmad, President, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said that this is one of the best days for the Bangladesh automotive industry as today India is displaying its auto industry's capabilities which have evolved as one of the best and most appropriate for markets like Bangladesh.
He added that Indian manufacturers follow JIT (Just in time) policy. They have had many auto shows but they are having Indo-Bangla show for the first time.
India is giving its advantages and capabilities to Bangladesh. Bangladesh has the calibre and India has the capacity, he added.
He further said that Bangladeshi customers want value for money and the Indian manufacturers provide quality and value. This show is very important for Bangladeshi entrepreneurs to interact with Indian manufacturers and join hands with them and bring Indian technology to Bangladesh.
Special Guest of the Inauguration ceremony Md. Mosharraf Hossain Bhuiyan, Senior Secretary, Ministry of Industries, Government of the People's Republic of Bangladesh said that their government is now taking keen interest in having a policy which will encourage our entrepreneurs to not only assemble but also manufacture, they will work on development of the policy.
He further said that they will look forward for SIAM's advice on the development of policy. Development of industry will not only help them cater to the domestic market but also help them enhance exports. There are great prospects for automobile industry as per capita income is increasing. Indian manufacturers are being urged to help Bangladeshis entrepreneurs.
At the inauguration, SIAM signed MOUs with two Premier Bangladeshi Auto Associations ‘Bangladesh Motorcycle Assemblers & Manufacturers Association' (BMAMA) and ‘Bangladesh Automobile Assemblers & Manufacturers Association' (BAAMA).
Participants from the automobile industry from both the countries such as Ashok Leyland, Bajaj Auto, Eicher Trucks and Buses, Hero MotoCorp, Honda Motorcycles, Mahindra & Mahindra, Maruti-Suzuki, Runner Automobiles, SML Isuzu, Tata Motors, TVS Motors, Yamaha and their Bangladeshi partners like ACI Motors, Bangladesh Honda, IFAD Autos, Karnaphuli, Niloy Motors, Nitol Motors, Rancon Motors, Rangs Motors, Runner Motors, TVS Auto Bangladesh, Uttara Motors and more are showcasing their latest offerings in the show.
The Indo-Bangla Auto Show is being organised by SIAM supported by Ministry of Heavy Industries & Public Enterprises, Government of India, High Commission of India in Dhaka, Automotive Component Manufacturers Association of India (ACMA), India-Bangladesh Chamber of Commerce and Industry (IBCCI), the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Bangladesh Automobile Assemblers & Manufacturers Association (BAAMA), and Bangladesh Motorcycle Assemblers & Manufacturers Association (BMAMA) and is co-organised by Sammonoy Bangladesh.
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