Dhaka, Jan 5 – Fair Technology Limited, the lone distributor of world-renowned car manufacturer Hyundai Motor Company, is going to set up Hyundai car manufacturing plant in the country.
Fair Technology Ltd. has signed an agreement with the Bangladesh Hi-Tech Park Authority for allotment of land in this regard at five-star hotel in the capital, said a press release.
Fair Technology Ltd. is the automotive vertical of Fair Group. Fair Group goal is to enhance the quality of people’s lifestyle of Bangladesh by providing innovative technology and quality products and services of various world-famous brands.
Fair Group is successfully manufacturing Samsung smartphones and consumer electronics products in Bangladesh. Fair Group also operates its retail, enterprise, after-sales service, and various franchise-based businesses across the country.
The signing ceremony was led by State Minister of ICT Zunaid Ahmed Palak, MP where Bangladesh Hi-Tech Park Authority Managing Director (Secretary) Hosne Ara Begum ndc and Managing Director of Fair Technology Ruhul Alam Al Mahbub signed the agreement on behalf of their respective organisations.
Ambassador of the Republic of Korea LEE Jang-keun; Senior Secretary of ICT Ministry NM Zeaul Alam PAA; Director of Fair Technology Mutassim Daiaan; Adviser of Fair Group Maj. Gen. Hamid R. Chowdhury, RCDS, PSC (Retd.), Chief Marketing Officer Mesbah Uddin and other senior government and Fair Group officials were present on the occasion.
To provide brand new car and quality after-sales service to the automobile customers of Bangladesh, Hyundai car manufacturing plant will be set up on 6 acres of land at Kaliakair in Gazipur invested by Fair Technology and technical assistance from Hyundai Motor Company. Initially, Hyundai plans to produce the most popular car sedans, SUVs, and MPVs of recent models.
The factory is being set up in line with the policy of the Government of Bangladesh, which will help increase localization, create employment, and increase the number of skilled workers in the country.
On this occasion, State Minister for Information and Communication Technology Zunaid Ahmed Palak, MP said, “We are very happy that the world-famous Hyundai car factory is being set up in Bangladesh through Fair Technology which is one of the milestones. When world-famous cars like Hyundai start manufacturing in Bangladesh, Bangladesh’s prestige in the world will increase a lot and I also believe that this factory will make a significant contribution to the and employment and economy of Bangladesh.”
Bangladesh Hi-Tech Park Authority, Managing Director (Secretary) Hosne Ara Begum ndc said, “We are very happy to be able to make this agreement with Fair Technology today because when world-famous car like Hyundai is built in a high-tech park, it will encourage foreign investors and Bangladesh will go further in the communication and technology industry.”
Managing Director of Fair Technology Ruhul Alam Al Mahbub said, “To execute the Prime Minister’s dream of Digital Bangladesh, Fair Technology will make Hyundai cars in Bangladesh. We are pleased to announce the Hyundai Car Manufacturing Factory in association with the Bangladesh Hi-Tech Park Authority. Using Hyundai’s technology and expertise, we will ensure that Hyundai’s world-class cars can be enjoyed by Bangladeshi customers at affordable prices.” – UNB