It signed a deal with Bangladesh Hi-Tech Park Authority for a six-acre of piece of land at Bangabandhu Hi-Tech City in Gazipur’s Kaliakair to produce cars of the South Korean brand on Tuesday. Fair Technology initially plans to assemble popular models of Hyundai sedans, SUVs and MPVs at the plant and then launch full-scale production. Hosne Ara Begum, managing director of the Hi-Tech Park Authority, and Fair Technology MD Ruhul Alam Al Mahbub signed the deal at a Dhaka hotel. By using Hyundai’s technology and skills, Fair Technology MD Mahbub said, the firm will ensure supply of world-class cars to Bangladeshi consumers at affordable prices. Hosne Ara said she hopes the deal with Fair Technology will encourage foreign investors to invest in Bangladesh.

Source: bd News24 January 05, 2021 17:48 UTC