Honda to produce motorbike in Bangladesh next year
BSS
The Japanese Honda Motor Company has planned out a project to manufacture motorcycle in Bangladesh next year as the companys concern Bangladesh Honda Private Limited is setting up a motorcycle assembling and manufacturing plant in the country. Industries Minister Amir
Hossain Amu as the chief guest yesterday laid the foundation stone of the factory at privately-owned Abdul Monem Economic Zone at Gazaria in Munshiganj district, reports BSS.
Among others, Bangladesh Economic Zones Authority Executive Chairman Paban Chowdhury, Japanese Ambassador to Bangladesh Hiroyasu Izumi, Head of Honda Motors for Asia and Oceania Region Shinji Aoyama and Managing Director of the Bangladesh Honda Private Limited Yuichiro Ishii were present at the function.
Amu said the factory will play a vital role in expediting the motorcycle industry in the country and create employment opportunities. The government has set a plan to increase the countrys motorcycle production to 10 lakh and employment opportunities in the sector to 16 lakh by 2025, he added.
Under the leadership of Prime Minister Sheikh Hasina, he said, the government is implementing different mega projects, including Padma
Multipurpose Bridge Project and Dhaka Metro Rail Project, to develop the country. 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 in 2013 and set up a factory in Gazipur for assembling motorcycle.
BSEC owns 30 per cent share of the company which has been maintained in the new factory.
Honda Motor Company is the worlds largest motorcycle manufacturing company, which wants to start production in the factory in 2018. As per the plan, they will produce one million motorcycles in the first year. In the fifth year, they want to increase production to three million units, official said.
Honda is investing in the new factory about US $4.40 crore or about Tk 350 crore. Initially, the new factory will create employment opportunities for around 300 people.
