Dhaka, Bangladesh (BBN)– India’s Tata Motors Limited has initially agreed to establish a spare parts industry of Tata cars in joint-venture with Bangladesh in the South Asian country, a business leader said.

The delegates from Tata Motors had primarily agreed to establish a spare parts industry of car in Bangladesh when they visited the second Bangladesh International Industrial and Engineering Technology Tradeshow (BIET-2011) that concluded on March 5, Bangladesh Engineering Industry Owners’ Association (BEIOA) President Abdur Razzaque told reporters in Dhaka on Saturday.

He said the potentiality of the country’s light engineering sector has been boosted up through the fair.

The BEIOA was the organizer of the fair and it had achieved the goal of this fair. The participation of foreign and local investors were more satisfactory compared to the last year, the president added.

Around 103 engineering companies participated in the fair. Of them, 34 were foreign companies and the rest were local ones.

BEIOA awarded six light engineering industries for attractive stall decoration and best products in the BIET fair.

BBN/SSR/AD-13Mar11-8:56 am (BST)