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Turkish Giant Koc Holding Plans Investment in Bangladesh
Koc Holding, one of Turkey’s largest business groups, has announced plans to set up a component manufacturing plant in Bangladesh to supply its global factories, senior officials from the company revealed on Thursday.
Fatih Kemal Ebiclioglu, President of the durable goods division of the $60 billion Turkish conglomerate, made the announcement during a meeting with Chief Adviser Prof Muhammad at the State Guest House Jamuna.
Fatih highlighted the company's expansion in Bangladesh, noting its previous acquisition of Singer Bangladesh Limited and the establishment of a home appliance manufacturing plant in Araihazar, Narayanganj. "We are now in the second phase of our investment," he said, emphasizing Bangladesh’s strong potential.
Chief Adviser Prof Yunus welcomed further Turkish investments, particularly in manufacturing, and encouraged Koc Holding to set up factories to export goods to Turkey, Europe, and beyond. "Bangladesh is ready to be a hub for manufacturing and production, especially for Halal goods," he said, adding that the country could also become a key center for assembly investments.
The meeting was also attended by Lutfey Siddiqi, Special Envoy of the Chief Adviser, and Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA).