Finance minister AHM Mustafa Kamal on Monday said that Germany had proposed setting up a plant for assembling BMW or Mercedes-Benz cars in the country.
The largest economy of Europe also expressed willingness to work on jute with Bangladesh.
Mustafa was talking to reporters after a meeting with a Garman business delegation led by German ambassador Peter Fahrenhollz at the Economic Relations Division in Dhaka.
The minister said that Germany had assured that it would help Bangladesh retain generalised system of preference facility in the European Union market.
He said the German businesses wanted to establish car assembling plant and follow progressive method like their plant in Thailand to assemble cars.
He noted that the proposal for the assembling plant was good since the price of BMW and Mercedes-Benz would come down in the country.
Mustafa said the German businesses delegation would have a meeting with prime minister Sheikh Hasina to win a green signal to their proposal on establishing the car assembling plant.
He said that Germany’s other proposal of working on jute was welcome news for the government since the management of jute industry had become difficult.
He said the German auto giants were utilising environment- friendly jute in car’s interior.