Motorcycle assembling to be developed

Leaders of the International Business Forum of Bangladesh (IBFB) yesterday put forward a set of recommendations for the development of motorcycle-assembling sector.

They sought tax rebate for importing raw materials used to manufacture spare parts for motorcycles, formation of a committee to monitor the procedures of raw materials import and tax holiday for manufacturing motorcycles.

The recommendations came when an IBFB delegation met Commerce Minister Faruk Khan at his office. IBFB President Mahmudul Islam Chowdhury led the six-member delegation.

The minister assured that all necessary steps would be taken for the development of motorcycle manufactures and its spare parts.