Dhaka, Jan. 6 -- It signed a deal with Bangladesh Hi-Tech Park Authority for a six-acre of piece of land at Bangabandhu Hi-Tech City in Gazipur's Kaliakair to produce cars of the South Korean brand on Tuesday.

Fair Technology initially plans to assemble popular models of Hyundai sedans, SUVs and MPVs at the plant and then launch full-scale production.

It hopes to supply the cars assembled in Bangladesh by June 2022.

Hosne Ara Begum, managing director of the Hi-Tech Park Authority, and Fair Technology MD Ruhul Alam Al Mahbub signed the deal at a Dhaka hotel.

Zunaid Ahmed Palak, state minister for ICT, described the development as a "milestone".

It will brighten Bangladesh's image in the international arena and contribute significantly...