Motorcycle registration fee to be fixed in line with neighbouring countries: Minister

Industries minister Nurul Majid Mahmud Humayun on Tuesday said the government will take an initiative to fix the motorcycle registration fee in line with the neighbouring countries in order to attract foreign direct investment in the country.

“Industries ministry will send a proposal to the concerned ministries and agencies soon to consider the matter in terms of reality,” he told a meeting with senior officials of Bangladesh Honda Private Limited, reports BSS.

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, joined the online meeting.

During the meeting, Humayun said 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 said the government would continue to provide all kinds of policy support to fetch foreign direct investment in the industry.