You are here: Home » Companies » News
Business Standard

Bangladesh-made Nano by April 2013

Bangladesh conglomerate was planning to import 2,000 Nano cars this year, was looking to import more based on demand from customers

Shine Jacob  |  Kolkata 

The Nitol-Niloy Group, distributors of Tata vehicles in Bangladesh, said that it will be coming up with domestically assembled Tata Nano by April next year.

“We are now working on manufacturing of Tata Ace pick range and will look into Nano manufacturing after that. Nano will probably come by April 2013,” said Abdul Matlub Ahmed, Chairman of the Nitol-Niloy Group.

The Bangladesh conglomerate was planning to import 2,000 Nano cars this year and was looking to import more based on demand from customers. Ahmed added that before introducing Nano, it may also look for launching of Tata Indigo CS. It started assembling Tata's commercial vehicles from 1991 onwards. However, Tata Motors did not respond to Business Standard queries.

Earlier, Tata Motors had said that it was considering assembling Nano abroad through export of completely knocked down units. Tata had started export of Nano to Sri Lanka and Nepal last year and is reportedly eyeing other markets like Thailand, Indonesia and Myanmar.

Both the groups were also planning to come up with “Nitol-Tata” shoes and bicycles. This was a project between Tata International and Nitol Niloy, who had signed a memorandum of understanding in April 2010 to manufacture shoes and bicycles in Bangladesh.

The Tata group even had plans to come up with the largest foreign direct investments (FDI) in Bangladesh of $3 billion, but was derailed in 2008.  The plan included setting up of a steel mill, fertiliser factory, gas-fired and coal-fired power plants.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 26 2012. 18:27 IST