Japanese autogiant Honda has recently revealed its new plant in Bangladesh, as part of the country’s aim to establish up to 100 new economic zones across the region, as a core segment of its 2030 vision to “lead the advancement of mobility and enable people everywhere in the world to improve their daily lives.”
The factory, situated in the Abdul Monem Economic Zone at Gazaria, under the Munshiganj district is set to manufacture new motorcycles, in order to tackle the ongoing demand for versatile transport within its dense population. Spanning 25 acres, the factory will enable the bikes to be developed locally, providing greater accessibility and opportunities for local workers.
Set to provide a capacity of up to 100,000 units of motorcycles per annum, the company will undergo this joint venture alongside state-owned Bangladesh Steel Engineering Corporation (BSEC). By 2021, the plant has a long-term aim to ramp up its production capabilities to deliver 200,000 units per year, The Daily Star has reported.
The new plant will provide ample opportunities for local citizens, tapping into a growing demand in the market in the region as a result of the government’s aim to attract further investment and diversify the country’s manufacturing capabilities.
Strong government support will further strengthen Honda’s aim to localise its services, skill up its workers and associates and deliver an exceptional customer services to the market in which it inhabits.
Yoshi Yamane, Senior Managing Director and Chief Officer for Production Operations of Honda Motor Co, said, “The inauguration of the new factory demonstrates one of the most important initiatives to realise Honda's 2030 Vision. Bangladesh Honda will aim to develop further by providing reliable, quality products from this new factory.”
Yuichiro Ishii, MD and CEO of BHL, said “As the leading motorcycle manufacturer, and with the guidance and expertise of Honda Motor in Japan, we believe that the motorcycle industry will expand and contribute to the national economy by generating more employment, developing a skilled workforce, transferring technology, encouraging the growth of a parts supplier industry, and attracting more direct foreign investment.”