Industries Minister, Nurul Majid Mahmud Humayun stated on Tuesday that the government is planning to set the motorcycle registration fee on par with the neighboring countries. This initiative is being taken mainly to attract more foreign direct investment into the country.

“Industries ministry will send a proposal to the concerned ministries and agencies soon to consider the matter in terms of reality,”

honorable minister stated at a meeting with senior officials of Bangladesh Honda Private Limited.

Managing Director and CEO of Bangladesh Honda Private Limited, Himihiko Katsuki and Head of Finance and Commercial of the Bangladesh Honda Private Limited, Shah Mohammad Ashekur Rahman, among others, were present in the online meeting.

During the meeting, Mr. Humayun stated that Bangladesh has achieved economic prosperity under the dynamic leadership of Prime Minister Sheikh Hasina.

“As a result, the demand for motorcycles is increasing across the country. Considering the huge demand, domestic and foreign investment in this industry is increasing,” he added.

He even said that the government would continue to provide all kinds of policy support to fetch foreign direct investment in the industry.