Bangladesh needs to cut dependency on imported second-hand cars: S Korean envoy

[Black_cats]

Bangladesh needs to cut dependency on imported second-hand cars: S Korean envoy​

BANGLADESH​

UNB
16 September, 2023, 05:15 pm
Last modified: 16 September, 2023, 05:22 pm

He said many countries have already stopped importing old cars and Bangladesh can also adopt a similar policy

South Korean Ambassador to Bangladesh Park Young-sik. Photo: Collected

South Korean Ambassador to Bangladesh Park Young-sik has said Bangladesh needs to pay more attention to encourage domestic production cutting dependency on import of reconditioned second-hand cars.

"Bangladesh should cut dependency on imported second-hand cars. Domestically made cars will also be good for the environment," he told reporters while visiting the Fair Technology-Hyundai factory at the Bangabandhu Hi-Tech Park on Saturday (16 September).

The South Korean ambassador said many countries have already stopped importing old cars and Bangladesh can also adopt a similar policy.

Fair Group founder and chairman Ruhul Alam Al Mahbub, Director and CEO of Fair Technology Limited Mutassim Daiaan, Daily Sun Editor and President of Diplomatic Correspondents Association, Bangladesh (DCAB) Rezaul Karim Lotus, among others, were present at the event.

After visiting the plant, the ambassador said if Bangladesh expands its manufacturing base, it will help create quality jobs in the country.

He laid emphasis on further improvement of the investment environment with an improved taxation system to attract more investment in the country.

The ambassador said the car manufacturing plant is a unique example of how Bangladesh is preparing for the next stage of development.

He said a lot of work is required by both the public and private sectors together in the long journey ahead to help Bangladesh overcome the issues following its LDC graduation and achieve the goals of Smart Bangladesh as a developed country by 2041.

Fair Group Chairman Mahbub said they need to create employment for the young talented people and laid emphasis on quality education with the presence of more vocational institutes in the country.

He acknowledged the support they are receiving from the government. "We do not want money, we want policy support from the government."

Mahbub said they are giving the most competitive price for the Hyundai cars manufactured in Bangladesh with five years warranty. "We are expanding our service centers across the country," he added.

Remembering that the Fair Technology-Hyundai factory was inaugurated at the Bangabandhu Hi-Tech Park in January this year, DCAB President Lotus said the factory's inauguration was undoubtedly a decisive step towards implementing Bangladesh's vision of "Smart Bangladesh".

There are a number of models currently being produced in the plant. These are Creta: 1497cc, 5 seater; Creta Grand: 1493cc, 7 seater.

The current production capacity of the plant is 7000 per year, officials said.

Though the company, having over 350 employees, is currently focusing on the domestic market, it has a plan to export made-in-Bangladesh cars in the future, they said.

The number of showrooms will be increased to 20 while the current number of showrooms is six.

Bangladesh needs to cut dependency on imported second-hand cars: S Korean envoy

He said many countries have already stopped importing old cars and Bangladesh can also adopt a similar policy

www.tbsnews.net

 

[IndianLite]

Bangladesh needs to cut dependency on imported second-hand cars: S Korean envoy​

BANGLADESH​

UNB
16 September, 2023, 05:15 pm
Last modified: 16 September, 2023, 05:22 pm

He said many countries have already stopped importing old cars and Bangladesh can also adopt a similar policy

South Korean Ambassador to Bangladesh Park Young-sik. Photo: Collected

South Korean Ambassador to Bangladesh Park Young-sik has said Bangladesh needs to pay more attention to encourage domestic production cutting dependency on import of reconditioned second-hand cars.

"Bangladesh should cut dependency on imported second-hand cars. Domestically made cars will also be good for the environment," he told reporters while visiting the Fair Technology-Hyundai factory at the Bangabandhu Hi-Tech Park on Saturday (16 September).

The South Korean ambassador said many countries have already stopped importing old cars and Bangladesh can also adopt a similar policy.

Fair Group founder and chairman Ruhul Alam Al Mahbub, Director and CEO of Fair Technology Limited Mutassim Daiaan, Daily Sun Editor and President of Diplomatic Correspondents Association, Bangladesh (DCAB) Rezaul Karim Lotus, among others, were present at the event.

After visiting the plant, the ambassador said if Bangladesh expands its manufacturing base, it will help create quality jobs in the country.

He laid emphasis on further improvement of the investment environment with an improved taxation system to attract more investment in the country.

The ambassador said the car manufacturing plant is a unique example of how Bangladesh is preparing for the next stage of development.

He said a lot of work is required by both the public and private sectors together in the long journey ahead to help Bangladesh overcome the issues following its LDC graduation and achieve the goals of Smart Bangladesh as a developed country by 2041.

Fair Group Chairman Mahbub said they need to create employment for the young talented people and laid emphasis on quality education with the presence of more vocational institutes in the country.

He acknowledged the support they are receiving from the government. "We do not want money, we want policy support from the government."

Mahbub said they are giving the most competitive price for the Hyundai cars manufactured in Bangladesh with five years warranty. "We are expanding our service centers across the country," he added.

Remembering that the Fair Technology-Hyundai factory was inaugurated at the Bangabandhu Hi-Tech Park in January this year, DCAB President Lotus said the factory's inauguration was undoubtedly a decisive step towards implementing Bangladesh's vision of "Smart Bangladesh".

There are a number of models currently being produced in the plant. These are Creta: 1497cc, 5 seater; Creta Grand: 1493cc, 7 seater.

The current production capacity of the plant is 7000 per year, officials said.

Though the company, having over 350 employees, is currently focusing on the domestic market, it has a plan to export made-in-Bangladesh cars in the future, they said.

The number of showrooms will be increased to 20 while the current number of showrooms is six.

Bangladesh needs to cut dependency on imported second-hand cars: S Korean envoy

He said many countries have already stopped importing old cars and Bangladesh can also adopt a similar policy

www.tbsnews.net

Bugger off Kim!!!

BD has no need for Korean cars.

Second hand Japanese cars are way better than anything produced by Korea or India.

 

[@blue Ocean]

Bugger off Kim!!!

BD has no need for Korean cars.

Second hand Japanese cars are way better than anything produced by Korea or India.

As far as I understand the quality of imported Japanese 5-year old second hand cars is far above the Korean or India made new cars.

Just with good maintenance, 20-year old Japanese cars will give you good service. Keep a Japanese car in your garage for a 100 years and it’s engine will start if the battery is strong.

Here, the good maintenance means, 1) Change Mobil lubricant every 5,000 km, and 2) Change the filter every 10,000 km.

In my life, I have wasted three cars by not following these two simple rules thinking why to waste money. But, in reality, you lose more money on mileage if you do not follow these maintenance rules.

Most of BD car owners will keep on buying Japanese used cars. However, if the Korean cars are sold cheaper, many new buyers will go after them. This is what I think.

 

[saif]

When I was in the USA I had an Acura Integra. I liked it very much because of its engine reliability.

 

[Thəorətic Muslim]

Bangladesh has a population density of 1,329 km2. Japan has 338 km2, France 117, UK 227.

I hope you guys can prevent the mentality that cars are a necessary status symbol over public transport.

 

[@blue Ocean]

Bangladesh has a population density of 1,329 km2. Japan has 338 km2, France 117, UK 227.

I hope you guys can prevent the mentality that cars are a necessary status symbol over public transport.

Actually, you are right. Our people should use public transports like rails and buses. However, rich people would be using personal cars.

People will not like me saying that cars cannot be made popular unless people’s incomes are high. They just cannot afford cars unless they have high-paying manufacturing jobs.

A few thousand cars built every year cannot make the company floating on money. However, if a Japanese company builds a factory in BD, it will export quite a large number of vehicles to the markets that they already hold. Prices will be cheaper that will attract customers in 3rd world countries,