HARSH Goenka-led RPG Enterprises has decided to set up the first large-scale tyre manufacturing plant in Bangladesh. CEAT ltd, an RPG firm and India’s leading tyre manufacturer has contracted a joint venture agreement with Bangladesh leading business conglomerate AK Khan & Company Ltd to set up the facility with CEAT holding 70% stake and the local firm will have the holding the remaining 30%. Additionally, the CEAT manufacturing facility will cater to the majority of the tyre requirement in Bangladesh.(RJA)
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