 Malaysian Agate Group is interested to set up a motor plant in Bangladesh, as it finds a huge market in the country and in its neighbouring nations for motor cars and other vehicles.
Addressing a press conference at Walton's Motijheel office here, Agate Group's Founder and Chairman Dr. Sultan Abdul Kadir said his group is willing to set up a motor plant in Bangladesh.
The Malaysian business group recently signed an agreement with local RB Group to import its Walton brand products to market those in South East Asian countries where Agate has its business.
The Agate Group's chairman said his company finds very good potentials to market Walton products and motor vehicles to be produced here in countries like Malaysia, Indonesia, Cambodia, Singapore and Myanmar.
A delegation of Agate Group, led by Sultan Abdul Kadir, is now visiting Bangladesh to explore business potentials here. The delegation called on Commerce Minister Faruk Khan Sunday and visited Walton's manufacturing unit in Gazipur yesterday. The press conference was informed that setting up a power plant and establishing a manpower training institute is also included in the Agate Group's future venture in Bangladesh.
The training centre's main target will be to train up the local skilled and unskilled manpower to send them to Malaysia. Mentioning Bangladesh as a brotherly country, Sultan Abdul Kadir said there is huge natural resources and very cheap labour in Bangladesh which the country could easily exploit to produce world-class products. |