The Japanese Honda Motor Company is going to manufacture motorcycles in Bangladesh this year as the company's concern "Bangladesh Honda Private Limited" is setting up a motorcycle assembly and manufacturing plant in the country.
This was disclosed at a meeting between Industries Minister Amir Hossain Amu and a delegation from Bangladesh Honda Private Limited at the Industries Ministry in the city, according to a press release.
Among others, Industries Secretary Muhammad Abdullah, Chief Operating Officer of the Honda Motor Company Limited Noriaki Abe, director of the Asia and Oceania Region of Honda Motor Akira Murayama, and Managing Director of the Bangladesh Honda Private Limited Yuichiro Ishii were present in the meeting.
The meeting covered various issues, including policy support for the development of the motorcycle industry and spare parts production for motorcycles.
In his speech, Amir Hossain Amu said the government is providing special focus on modern technology based industrialization through providing all sorts of policy support to build manufacturing industries.
So, the motorcycle industries are also getting all facilities, including tax benefit, in the country, he added.
The minister said spare parts for motorcycles will be produced through joint investment or Industries Ministry operated factories.
Japanese Honda Motor Company started its operation through opening a joint venture company with the state-owned Bangladesh Steel and Engineering Corporation (BSEC) called “Bangladesh Honda Private Limited”.
Honda Motor Company is the world's largest motorcycle manufacturing company and wants to start production in Bangladesh this year.
As per the plan, they will produce one million motorcycles during the first year. In the fifth year, they want to increase production to three million units.
Honda Motor Company produces motorcycles, cars, robots, equipments for electricity and fuel, and aircraft products.