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Japan auto behemothic Honda bygone inaugurated its motorcycles accomplishment bulb in Bangladesh, in what can be beheld as a watershed moment for the country’s automated capabilities.
The plant, which was set up for Tk 230 crore on 25 acreage of acreage in the Abdul Monem Economic Zone (AMEZ) in Munshiganj, will advice save adopted bill and accomplish motor bikes added affordable.
“We will hit the bazaar with the ‘Made-in-Bangladesh’ Honda bike,” said Shah Muhammad Ashequr Rahman, arch of accounts and bartering of Bangladesh Honda Private Limited (BHL), a collective adventure amid Honda and state-owned Bangladesh Steel Engineering Corporation (BSEC).
The bulb will accept an antecedent anniversary accumulation accommodation of 100,000 units a year. By 2021, the accumulation accommodation will aggrandize to 200,000 units a year, according to BHL, which has been business Honda cast bikes in Bangladesh for the aftermost several decades.
It bulb will accomplish seven models of Honda motor cycles: Dream Neo 110, LIVO 110, CB Shine125, CB Trigger 150, CB Hornet 160R, and CBR150R.
Rahman beneath to specify the prices of locally fabricated Honda two-wheelers, but said they would not be added than those of the absolute bikes.
Industries Minister Amir Hossain Amu, who inaugurated the plant, said he expects Bangladesh’s barter would get world-class motor cycles at a reasonable price.
So far, Tk 1,500 crore has been invested for the development of motorcycle industry in Bangladesh.
“Hundreds of jobs were created acknowledgment to the investment,” he said.
Honda’s move to alpha bounded accomplishment comes at a time back the motor aeon bazaar is fast expanding, spurred by amount cuts brought about by a carve in added assignment on the acceptation of the two-wheeler’s apparatus and a billow in ride-sharing casework in Dhaka and Chittagong.
The Civic Board of Revenue bargain the SD by 25 allotment credibility to 20 percent in budgetary 2016-17 to animate bounded accumulation and consecutive manufacturing.
The government additionally affected the Civic Motorcycle Industry Development Policy 2018 with a appearance to diversifying the country’s accomplishment and consign and creating jobs.
Today, on boilerplate 1,000 units of two-wheelers are awash every day in Bangladesh as the appeal is surging for the advancement it provides in the congestion-ridden burghal life. The cardinal was about 550 bristles years earlier, said industry operators.
Yuichiro Ishii, managing administrator and arch controlling administrator of BHL, expects the motor aeon industry in Bangladesh to aggrandize and accord to the civic abridgement by breeding added jobs and developing a accomplished workforce.
The bulb will additionally facilitate technology transfer, animate the advance of a genitalia bartering industry and allure added absolute adopted investment, he added.
Saber Hossain Chowdhury and Mrinal Kanti Das, both lawmakers; Mosharraf Hossain Bhuiyan, administrator of the NBR; Paban Chowdhury, controlling administrator of the Bangladesh Economic Zones Authority; Muhammad Abdullah, adolescence and sports secretary; Hiroyasu Izumi, agent of Japan to Bangladesh; Noriaki Abe, operating administrator for motor aeon operations of Honda Motor Co Ltd; and Masayuki Igarashi, admiral and CEO of Asian Honda Motor Co Ltd, were present.