Cabinet okays Automobile Industry Development Policy 2021 Automobile Industry Development Policy
PID The cabinet meeting was held at the Jatiya Sangsad Bhaban on Monday under the chairmanship of Prime Minister Sheikh Hasina

Cabinet okays Automobile Industry Development Policy 2021

Bangladesh Live News | @banglalivenews | 15 Jun 2021, 10:41 am

Dhaka, June 15: The cabinet has approved the draft of 'Automobile Industry Development Policy, 2021' during a meeting chaired by Prime Minister Sheikh Hasina at the Jatiya Sangsad Bhaban on Monday (June 14). Cabinet Secretary Khandaker Anwarul Islam said this at a press briefing at the secretariat after the meeting.

"There is a possibility of developing automobile industry in Bangladesh. And we need to develop this industry for our personal needs. We are not just importing in the amount of movement, we are trying to develop something ourselves. There are a lot of things going on, thinking about bringing them in a systematic way. That is why the Ministry of Industry has brought this automobile industry development policy," the Cabinet Secretary said.

"The purpose of this policy is to develop the domestic industry by ensuring necessary facilities by acquiring skills in automobile, auto parts manufacturing, engineering. To increase the opportunities for cooperation and joint ventures of international quality organizations with local automobile manufacturers, so as to create opportunities for car production in Bangladesh at affordable prices. The Japanese ambassador has already made such a proposal. A famous company in Japan, wants to produce cars here," he added.

He mentioned that the production of electric cars has already started for three or four people priced at Tk 1 lakh- Tk 1 lakh 14-15 thousand rupees.

"Public transport was also discussed at the cabinet meeting. Public transport needs to be strengthened. The policy also includes automobile parts so that we can make them ourselves," he said.

Meanwhile, the meeting also gave policy and final approval to the draft of the National Assembly Constituency Boundary Act, 2021. At the same time, the Cabinet approved the proposal to become a member of the OIC's Women Development Organization (WDO) and to sign and ratify the WTO's statute for this purpose.