Global automotive powerhouse Toyota eyes investment opportunities in Bangladesh

Dhaka : Toyota has expressed interest in expanding its presence in Bangladesh, with potential initiatives focused on employment generation, technology transfer and skills development in the country's automotive industry.

A senior delegation from Toyota Tsusho Corporation and Toyota Bangladesh Limited met with Prime Minister Tarique Rahman to discuss the company's long-term vision and possible areas of cooperation.

The delegation included Toyo-ta Tsusho Corporation Vice Chairman Ichiro Kashitani, Mobility Division CEO Shigeru Harada, Toyota Tsusho Asia Pacific Senior Vice President Akio Ogawa, and Toyota Bangladesh Managing Director Premmit Singh.

In a statement, Toyota Bangladesh said it was exploring opportunities to strengthen its operations in the country while supporting local talent development and creating new employment prospects.

The company also highlighted technology transfer as a potential area of contribution to Bangladesh's automotive sector, although it did not disclose specific investment amounts, project details or implementation timelines.

According to Toyota, the government welcomed the company's future plans and indicated its willingness to provide policy support and help establish a favorable environment for investment.

Toyota Bangladesh said it would continue engaging with government agencies and relevant stakeholders to assess opportunities for collaboration and contribute to the development of the local automotive industry.