As the government has recently formulated “Motorcycle Industry Development Policy 2018,” the industry leaders said they need infrastructure to translate the policy into a success
Motorbike assemblers and manufacturers urged the government to set up a separate industrial park for the potential motorcycle sector, as the local demands for bikes are on the rise.
Industrial Entrepreneurs of Bangladesh Motorcycle Assemblers and Manufacturers Association (BMAMA) made the demand on Wednesday during a meeting with Industries Minister Amir Hossain Amu at the his office in the capital.
The entrepreneurs said the motorcycle industry is a growing sector and they are catering to more customers than before. Five new motorcycle manufacturing firms have started manufacturing bikes in recently, they said at the meeting.
As the government has recently formulated “Motorcycle Industry Development Policy 2018,” the industry leaders said they need infrastructure to translate the policy into a success.
Last month, the cabinet approved the policy with an objective to promote manufacturing of motorbikes locally and reduce over dependence of imported bikes.
Matiur Rahman, president of BMAMA said: “The market size for motorcycles and investment of the sector are expanding fast, as commuters prefer bikes to than other transportation means to save time.
“Many skilled manpower have been created in the sector with more than Tk1.5 thousand crore already been invested in the sector. The amount would increase to $1 billion within five years.”
The Chairman and Managing Director of Uttara Motors Corporation Ltd also said: “If an industrial park for motorcycle is established, various facilities would be available for the manufacturers within the park, and lure others to invest in the business.
“We can meet the local demand of five lakh motorcycles by two years if infrastructure like industrial park is established.”
Industries Minister Amir Hossain Amu urged the entrepreneurs to increase investment in the motorcycle manufacturing instead of only assembling the bikes.
“Huge employment has been created in the sector. Youth are also joining in the factories of motorcycles.
The government formulated the motorcycle policy to promote the sector. The government would solve all possible problems of the sector,” Amu said.
Md Abdul Halim, acting secretary of industries ministry; Mohammad Mizanur Rahman, Bangladesh Steel and Engineering Corporation Chairman; Yuichiro Ishii, Managing Director of Bangladesh Honda Private limited; Biplob Kumar Roy, chief executive officer of TVS Auto Bangladesh; Shamsul Basar, Director of Rasel Industries Ltd; Shahadat Mia, Senior Manager of Aftab Automobiles Limited, Mohammad Saiful Islam, Manager (Regulatory and public relations) of ACI motors Ltd and Mehdadur Rahman, Managing Director of Speedoz Ltd attended the meeting.