Target set to produce 10 lakh motorcycles by 2027

Senior Correspondent: The government has set a target of producing 10 lakh world class motorcycles by 2027 which will create an opportunity of employment of 15 lakh people.

To this end, the Cabinet on Monday approved the draft of the ‘Motorcycle Industry Development Policy-2018' aiming at expanding the locally made motorcycle industry and to reduce import dependency.

The approval was given at the regular meeting of the Cabinet held at the Secretariat with Prime Minister Sheikh Hasina in the chair.

Cabinet Secretary Mohammad Shafiul Alam briefed reporters after the meeting.

Shafiul Alam said in the policy, a target was set to produce five lakh motorcycles by 2021 and 10 lakh by 2027.

At present, there is an opportunity of employment of five lakh people in motorcycle industry but it will be promoted to 15 lakh in 2027 in the new policy, he said.

risingbd/Dhaka/Sept 10, 2018/Noimuddin/AI