United News of Bangladesh

At the formal opening of the Hyundai car manufacturing plant in Gazipur’s Kaliakoir today, distinguished guests hailed it as a “potential a game changer” not only in the Bangladesh automobile market and industry, but also in the overall partnership between the country and South Korea. Industries Minister Nurul Majid Mahmud Humayun inaugurated the Hyundai car manufacturing plant as the chief guest. State Minister for ICT Zunaid Ahmed Palak; Captain Tajul Islam, MP; South Korean Ambassador to Bangladesh Lee Jang-keun; Fair Group Chairman Ruhul Alam Al Mahbub; its Director Mutassim Daiaan; Managing Director and CEO of Hyundai Motors India Unsoo Kim, among others, spoke on the occasion. “It’s historic day. It is the beginning of a new era. It (Hyundai) will become a very popular brand here,” Industries Minister Nurul Majid said. Read More: Car importers still unable to open LCs from banks He said Bangladesh is advancing fast in every sector, and assured of government support to Hyundai’s journey in Bangladesh. “Bangladesh is a big internal market,” he said. Appreciating Fair Group Chairman Mahbub’s efforts, the industries minister said, “He is a dynamic man. He has already shown how a young entrepreneur can achieve big things with such a big factory. That tells the Bangladesh story.” Fair Group Chairman Mahbub said that it is Bangladesh’s time to move ahead further and they will invest more and create more jobs for the country. South Korean Ambassador Lee said Fair Technology’s Hyundai automobile factory will not only allow the Bangladesh consumers to purchase globally recognized, top-quality cars at an affordable price, but will also contribute to the technological and industrial development of automobiles in Bangladesh. Read more: Bangladesh will assemble Hyundai cars by end of this year: South Korean envoy The presence of Hyundai Motors, the 3rd largest global supplier of automobiles, in Bangladesh will bring numerous positive ripple effects in various businesses and industries, he said.