The visiting German business delegation today proposed to set up a plant to assemble BMW and Mercedes-Benz cars in Bangladesh.
The high-level business delegation led by Peter Fahrenholtz, German ambassador to Bangladesh, placed the proposal while paying a courtesy call to Finance Minister AHM Mustafa Kamal at his ministry office in Sher-e-Banglanagar area of Dhaka this afternoon.
Some parts of the BMW and Mercedes-Benz cars will be manufactured in the plant while some parts will be brought from abroad for assembling cars, the delegation placed the proposal to Finance Minister AHM Mustafa Kamal.
The delegation arrived in Dhaka yesterday on a five-day visit to discuss trade and investment issues with their Bangladesh counterparts.
The visit is organised by German Asia-Pacific Business Association together with Association of German Chambers of Commerce and Industry.
The delegation ranging from representatives of the textile, furniture and shipping sectors to those of the environment technology, banking and tourism sectors will meet Bangladesh government high officials as well as leading Bangladeshi and international companies in order to exploit business opportunities in Bangladesh.
Talking to reporters after the meeting, Mustafa Kamal said, “It is a good proposal as we will not have to import such expensive cars from abroad if they set up the plant.”