Fair Technology to set up Hyundai car Manufacturing plant in Bangladesh
Fair Technology Limited, Bangladesh’s sole distributor of world- renowned car manufacturer Hyundai Motor Company, has announced the setting up of a
Hyundai car manufacturing plant.
As part of this, Fair Technology Ltd. signed an agreement with the Bangladesh Hi-Tech Park Authority for allotment of land in a five-star hotel in the capital Tuesday.
Fair Technology Ltd. is the automotive vertical of Fair Group. Fair Group goal is to enhance
the quality of people’s lifestyle of Bangladesh by providing innovative technology and
quality products and services of various world-famous brands. Fair Group is successfully
manufacturing Samsung smartphones and consumer electronics products in Bangladesh.
Fair Group also operates its retail, enterprise, after-sales service, and various franchise-
based businesses across the country.
The signing ceremony is led by Hon’ble State Minister of ICT Mr. Zunaid Ahmed Palak, MP
where Bangladesh Hi-Tech Park Authority Managing Director (Secretary) Hosne Ara
Begum ndc and Managing Director of Fair Technology Mr. Ruhul Alam Al Mahbub signed
the agreement on behalf of their respective organizations. Ambassador of the Republic of
Korea H.E. Mr. LEE Jang-keun; Senior Secretary, Ministry of ICT Mr. N M Zeaul Alam PAA;
Director, Fair Technology Mr. Mutassim Daiaan; Adviser, Fair Group Maj. Gen. Hamid R.
Chowdhury, RCDS, PSC (Retd.), Chief Marketing Officer Mr. Mesbah Uddin and other
senior government and Fair Group officials were present on the occasion.
To provide brand new car and quality after-sales service to the automobile customers of
Bangladesh, Hyundai car manufacturing plant will be set up on 6 acres of land at Kaliakair
in Gazipur invested by Fair Technology and technical assistance from Hyundai Motor
Company. Initially, Hyundai plans to produce the most popular car sedans, SUVs, and
MPVs of recent models. The factory is being set up in line with the policy of the Government of Bangladesh, which will help increase localization, create employment, and
increase the number of skilled workers in the country.
On this occasion, Hon’ble State Minister for Information and Communication Technology
Mr. Zunaid Ahmed Palak, MP said, “We are very happy that the world-famous Hyundai
car factory is being set up in Bangladesh through Fair Technology which is one of the
milestones. When world-famous cars like Hyundai start manufacturing in Bangladesh,
Bangladesh’s prestige in the world will increase a lot and I also believe that this factory
will make a significant contribution to the and employment and economy of Bangladesh.”
Bangladesh Hi-Tech Park Authority, Managing Director (Secretary) Hosne Ara Begum
ndc said, “We are very happy to be able to make this agreement with Fair Technology
today because when world-famous car like Hyundai is built in a high-tech park, it will
encourage foreign investors and Bangladesh will go further in the communication and
Managing Director of Fair Technology Mr. Ruhul Alam Al Mahbub said, “To execute the
Prime Minister’s dream of Digital Bangladesh, Fair Technology will make Hyundai cars in
Bangladesh. We are pleased to announce the Hyundai Car Manufacturing Factory in
association with the Bangladesh Hi-Tech Park Authority. Using Hyundai’s technology and
expertise, we will ensure that Hyundai’s world-class cars can be enjoyed by Bangladeshi
customers at affordable prices.”