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Light engineering can thrive on bike components
Experts say the sector can grab bigger share of the spare parts market
Industry players believe the growing sales of motorcycles are likely to boost the market for bike components. Photo: Star File Star Business Report Star Business Report
There is huge potential in the country s light engineering sector to exploit the local market for motorcycle components, according to speakers at a webinar yesterday. The annual demand for motorcycles reached 550,574 units on average in 2019 while it was 207,835 units in 2015, for which around Tk 2,100 crore worth of spare parts is required, said Ihsanul Karim, director of Bangladesh Industrial Technical Assistance Centre (Bitac).