In a historic milestone for Bangladesh's Automotive Industry, IFAD Autos PLC. has achieved a remarkable feat by exporting locally built air-conditioned buses to Bhutan.
Traditionally, Bangladesh has relied on importing air-conditioned buses from overseas. However, IFAD Autos has now set a new precedent by producing and exporting 11 buses, marking a first in the country's history.
This pioneering effort not only reflects the quality and reliability of locally manufactured buses but also opens a new chapter for Bangladesh in the International Automotive Market.
As the first lot of air-conditioned buses makes its way to Bhutan, the growing interest from neighbouring countries such as Nepal signals a promising future for further exports.
Mr. Iftekhar Ahmed Tipu, Chairman of IFAD Autos PLC said if the Government supports vendor development, there is a market potential over 100 Air-Conditioned buses every year in Bhutan. We are also getting queries from SAARC member countries like Nepal.
This will not only bolster Bangladesh's position as a regional hub for automotive manufacturing but also assures further encouragement from the authorities, paving the way for more such successes and enhancing the country's local bus-building industry, thereby contributing to economic growth.
IFAD Autos PLC is a subsidiary of IFAD Group, which was established in 1985 and is known today as the one of the pioneers in the development of automobile sector in Bangladesh. quickly grew into a prominent business conglomerate, spanning industries like automobiles, lubricant, industrial compressor, food, toiletries, media, and information technology.
IFAD Group has earned the trust of millions by upholding superior quality, global standards of service and business innovation and contributed significantly to the growth of multiple industries of Bangladesh.
