Omega Seiki to Set Up EV Production Plant in Bangladesh

  • Mar 03, 2021
  • Energetica India

Electric vehicles manufacturing company, Omega Seiki Private Limited - a member of the Anglian Omega Network has announced its decision to set up an Electric vehicle manufacturing company, with an investment of around Rs. 100 crore near Dhaka, in Bangladesh, as reported by ANI.

As reported by ANI, the company will be registered in Bangladesh and known by the name OSM-Bangladesh. The facility will manufacture electric two-wheelers, three-wheelers, and cycles to sell across the country through domestic partners and franchises.

This will be the first project of any Indian EV company in international markets.

Commenting on the development, Uday Narang, Chairman, Omega Seiki Mobility said, "We are elated to serve our products in the neighboring country, easing their day-to-day tasks and updating them with the latest EV technology. Indeed, EV is the future and we, as an OEM are sincerely focusing on coming out with the best-in-class vehicles and quality service experience. We trust that our vehicles will cater to an impressive response in the neighboring country. Bangladesh at present does not have an EV policy but it may change fast.”

I met many senior officials of BIDA [Bangladesh Industrial Development Agency] and all of them welcomed Omega Seiki. They are very keen to bring this technology to their country and are very happy to provide all the support. I am especially pleased to start from Bangladesh which is in our neighborhood and a friendly country. We have plans to open in several other countries gradually, he further added.

The company aims to spend Rs. 200 crores in India to concentrate on R&D and manufacturing all cutting-edge technology and IT-driven businesses in the e-mobility market, but for the time being, it is concentrating on electric mobility as its first business, as quoted by ANI in its report.