Commerce Minister Tipu Munshi inaugurated Indo-Bangla Automotive Show at International Convention City Bashundhara (ICCB) on Friday. Society of Indian Automobile Manufacturers (SIAM) in collaboration with Automotive Component Manufacturers Association of India (ACMA) is organizing the four-day event with the theme ‘‘move together on the road to progress’ which aims at growing collaboration between Indian automotive companies with Bangladeshi counterparts.

Society of Indian Automobile Manufacturers (SIAM) is the organizer of the four day event. It features participation from many Indian Automobile manufacturers like Ashok Leyland, Bajaj Auto, Eicher Motors, Force Motors, Hero MotoCorp, India Yamaha Motor (ACI Motors), Mahindra & Mahindra, Maruti Suzuki India, SML Isuzu, Tata Motors, TVS Motor Company, VE Commercial Vehicles along with their Bangladeshi partners like Uttara Motors, Niloy Motors, Nitol Motors, Aftab Autos, Rancon Auto, Rangs Motors, Ifad Autos, Karnaphuli, Runner Motors, and TVS Auto Bangladesh. Many component manufacturers and few tyre manufacturers are also participating in the show. It showcases the latest products manufactured by the members of SIAM and ACMA, the company said in a statement. An Indian delegation, including senior industry leaders, will meet the government officials of Bangladesh as part of the four-day event. India-Bangladesh Chamber of Commerce and Industry (IBCCI), Bangladesh Automobile Assemblers & Manufacturers Association (BAAMA), Bangladesh Motorcycle Assemblers & Manufacturers Association (BMAMA), and Ministry of Heavy Industries and Public Enterprises, Indian government are supporting the event.

Society of Indian Automobile Manufacturers (SIAM) is the organizer of the four day event. It features participation from many Indian Automobile manufacturers like Ashok Leyland, Bajaj Auto, Eicher Motors, Force Motors, Hero MotoCorp, India Yamaha Motor (ACI Motors), Mahindra & Mahindra, Maruti Suzuki India, SML Isuzu, Tata Motors, TVS Motor Company, VE Commercial Vehicles along with their Bangladeshi partners like Uttara Motors, Niloy Motors, Nitol Motors, Aftab Autos, Rancon Auto, Rangs Motors, Ifad Autos, Karnaphuli, Runner Motors, and TVS Auto Bangladesh. Many component manufacturers and few tyre manufacturers are also participating in the show. It showcases the latest products manufactured by the members of SIAM and ACMA, the company said in a statement. An Indian delegation, including senior industry leaders, will meet the government officials of Bangladesh as part of the four-day event. India-Bangladesh Chamber of Commerce and Industry (IBCCI), Bangladesh Automobile Assemblers & Manufacturers Association (BAAMA), Bangladesh Motorcycle Assemblers & Manufacturers Association (BMAMA), and Ministry of Heavy Industries and Public Enterprises, Indian government are supporting the event.

Commerce Minister said “We are working with the Bangladesh Investment Development Authority. They have drafted something; we’ll see that in the next 15 days”. He also said that a draft policy will be ready in six months. He emphasized on having joint ventures which will enable Bangladesh to export to the countries where it enjoys duty-free market access after supplying to own local market. He said, “I think we can have incentives on that too. It’s a good idea for manufacturers to come here and start manufacture here. I am optimistic because the government is very much business friendly”. Bangladesh Investment Development Authority (BIDA) Executive Chairman Kazi M Aminul Islam was also present at the event.

Adarsh Swaika, acting High Commissioner of India in Bangladesh, indicated that small cars from India can resolve traffic issues in Bangladesh. TATA Motors Vice-president Sushant Naik said, “We have tried to address the expectations of all categories of customers, across the spectrum starting from buses, trucks, passenger cars, two wheelers, three wheelers. We have even displayed tractors. New technologies and interfaces are being created in all corners of the world by technology companies in partnership with automakers”.