BE Magazine

News Snippets
Monthly business magazine
96pc Motorcycles locally made
Almost 96% of the motorcycles plying on the roads
are now locally manufactured or assembled in
Bangladesh. Seven firms have made Bangladesh
nearly self-sufficient in motorcycle assembling
and manufacturing. These seven firms are Runner
Automobiles of Bangladesh; India’s Bajaj, TVS
and Hero; and the Japanese
brands Honda,
Suzuki, Yamaha.
Bangladesh
was dependent
on imports to
meet 95% of the
local demand for
motorbikes, even
just two years ago.
The turnaround
came in 2016-17
when to encourage
local assembly and
manufacturing, duty
on import of completely
knocked
down (CKD) units of motorbikes was cut by 25
percentage points to 20%. According to market
players, around 1,600 units of motorbikes are
currently sold every day in Bangladesh, nearly
doubling from 900 units in 2016. According to
official data, some 307,656 motorcycles were
registered across the
country in the
first nine months
of the current
calendar year. The
data also revealed that
395,603 motorbikes
were registered in 2018
while 326,550 in 2017.
and tariff
Industry insiders
predict that the market
would grow many
folds in the next
two-three years,
boosted by rising
incomes, steady
growth of the
economy and
favorable policy
structure.
13
News Snippets
KDDI Japan interested to invest in Bangladesh
The Japanese second-largest telecom operator KDDI Corporation delegation led by its Global ICT Division General
Manager Hiroyasu (Hiro) Morishita recently met the Posts and Telecommunications Minister Mustafa Jabbar
and expressed their interest to invest in Bangladesh 5G telecom network. The company also wants to develop the
Internet of Things (IoT) devices and other digital technologies in Bangladesh. KDDI is conducting a feasibility
study to find out other potential investment areas.
december, 2019
Monthly business magazine