The government has taken a step in the green technology-based transportation, electric vehicle and lithium battery industry in Bangladesh.
Through two separate statutory regulatory orders issued recently, the customs duty on the import of raw materials for e-bikes and lithium or graphene batteries has been set only 1 per cent reducing the rate by 60-80 per cent, said an official hand-out.
As a result of this decision, companies like Huawei, Toyota and Walton are planning to immediately invest at least Tk 200 crore, it said.
聽Through this, new e-bikes, three and four-wheeled EVs, and mobile tower batteries will be produced locally in Bangladesh, which will save the country鈥檚 energy, reduce carbon emissions and save foreign exchange, as well as diversify exports and create employment.
Faiz Ahmad Taiyeb, chief adviser鈥檚 special assistant on posts, telecommunications and information technology ministry initiated the policy.
On May 5, he sent a research-based DO or semi-official letter to the National Board of Revenue chairman with various references. Chief adviser鈥檚 special envoy for international affairs Lutfey Siddiqi oversaw the overall matter.
