Top Turkish firm plans to invest in Bangladesh
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, according to its company officials.
Fatih Kemal Ebiclioglu, president of the durable unit of the $60 billion Turkish company, announced the plan when he led a business delegation to meet Chief Adviser Muhammad at the State Guest House Jamuna in Dhaka.
Fatih said the company has set up a home appliance manufacturing plant at Araihazar in Narayanganj after acquiring Singer Bangladesh Limited several years ago, said a press release from the CA's Press Wing.
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"We are in the second stage of our investment. Bangladesh has good potential," he said while talking about business prospects in the country.
CA Yunus welcomed more Turkish investment in manufacturing in Bangladesh, saying the country was now ready for business.
"Set up factories in Bangladesh to export goods to Turkey, Europe, and all over the world," the chief adviser said.
Yunus said Bangladesh could be a manufacturing and production hub for Halal goods. "It can easily be an assembly investment hub."
Lutfey Siddiqi, special envoy of the chief adviser and Chowdhury Ashik Mahmud Bin Harun were also present during the meeting.
