, April 23 -- Japanese giant Mitsubishi Corporation (MC) has officially entered Bangladesh's manufacturing landscape by acquiring a 25% strategic equity stake in RANCON Auto Industries Limited (RAIL).

The partnership, announced Wednesday night in the capital, represents the largest Japanese Foreign Direct Investment (FDI) to date in Bangladesh's four-wheeler transport industry, said a press release.

The investment transitions the relationship between the two entities from a distribution and assembly agreement to a joint ownership structure.

The primary objectives of this alliance include scaling up production capacity, fortifying distribution networks, and enhancing after-sales service for local consumers, with a long-term vision to ex...