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HomeTurbinebdPROPOSED AUTOMOBILE POLICY WOULD HELP ESTABLISH MERELY A CAR ASSEMBLING INDUSTRY: BARVIDA

PROPOSED AUTOMOBILE POLICY WOULD HELP ESTABLISH MERELY A CAR ASSEMBLING INDUSTRY: BARVIDA

In reality, the policy is likely to attract some low quality vehicle makers to enjoy the offered tax benefits and a monopoly in Bangladeshi market, believes the association.The proposed policy, apparently aiming at having a local car industry instead of the existing import dependency, has outlined a way to phase out the imports of used cars in five years.If implemented as it is, the policy would deprive Bangladeshi customers from their right to buy better Japanese cars at an affordable price, Barvida said in a press conference in the capital on Saturday.

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