Dhaka: Top Turkish business group Koc Holdings has planned to set up a component manufacturing plant in Bangladesh in an effort to export components to its factories all over the world, senior company officials said today. Fatih Kemal Ebiclioglu, president of the durable unit of the $60 billion Turkish company, announced the plan when a business delegation led by him met Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna in Dhaka.
According to Bangladesh Sangbad Sangstha, Fatih stated that the company has already established a home appliance manufacturing plant in Araihazar, Narayanganj, after acquiring Singer Bangladesh Limited several years ago. “We are in the second stage of our investment. Bangladesh has good potential,” he mentioned while discussing the prospects of business in the country.
Professor Yunus welcomed the idea of more Turkish investment in the manufacturing sector in Bangladesh, stating that the country is now ready for business. “Set up factories in Bangladesh to export goods to Turkey, Europe, and all over the world,” he encouraged. He also highlighted that Bangladesh could develop into a manufacturing and production hub for halal goods, saying, “It can easily be an assembly investment hub.”
The meeting was also attended by Lutfey Siddiqi, Special Envoy to the Chief Adviser, and Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of Bangladesh Investment Development Authority (BIDA).