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Battery manufacturers target to raise annual export to $250m

Discussion in 'Bangladesh Defence Forum' started by Homo Sapiens, Apr 14, 2019.

  1. Homo Sapiens

    Homo Sapiens SENIOR MEMBER

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    https://www.dhakatribune.com/busine...cturers-target-to-raise-annual-export-to-250m

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    Battery manufacturers target to raise annual export to $250m
    UNB
    • Published at 12:27 am April 14th, 2019
    [​IMG]
    Workers busy at a battery manufacturing factory in Dhaka recently Collected


    They demand policy continuation

    The battery manufacturers of the country have set a target to raise their annual export to $250 million over the next five years from the current amount of $57 million.

    The target was communicated to the government by Accumulator Battery Manufacturers and Exporters' Association of Bangladesh (ABMEAB) while placing their national budget-related proposals to the National Board of Revenue (NBR).

    ABMEAB officials said they are currently exporting their batteries to over 70 countries across the globe while regular exports are made to 51 countries after meeting the internal demands.

    The countries include the USA, the UK, Japan, India, Indonesia, Malaysia, European nations, Middle Eastern countries, Nepal, Sri Lanka and Singapore.

    Calling upon the revenue board for keeping the current tax ratio on battery import unchanged, they said the battery industry has been a very potential sector for export-oriented products as it avails of the government's policy support.

    Currently, there are 25% import duty, 20% supplementary duty and 3% regulatory duty on import batteries.

    Claiming that the battery factories have employed about 100,000 people directly and indirectly across the country, the ABMEAB said they have introduced a new advanced technology --Sealed Maintenance Free (SMF)-in the battery manufacturing which now enjoys the status of light engineering sector.

    The SMF battery is now being used by hybrid motor vehicles, said the battery industry operators noting that some 21 battery industries are now producing such products.

    "Currently, our value addition is 50%. If the industry receives incentives, the rate of value addition would be higher," Munawar Misbah Moin, president of ABMEAB, told UNB.

    He said the local battery industry is capable to expand more with creating more jobs if the current structure of taxation remains unchanged.

    Describing the local battery industry's position as strong, he said the introduction of hybrid cars has created a new opportunity for the local battery industries to grow further as the local manufacturers have continuing their efforts in research and development (RND) to cater to the global market.

    According to the battery industry insiders, local manufacturers have been supplying all kinds of accumulator batteries to different sectors, including industries, railway, motor vehicles, electric vehicles, telecommunication operators, ships, motor lunches, solar power, submarine, IPS, UPS, and generators.

    There is a battery market of Tk8,000 crore and most of which is supplied by local producers, said an official of a local battery industry.
     
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  2. Bilal9

    Bilal9 ELITE MEMBER

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    Rahimafrooz Globatt Ltd (RGL) is the global wing of Rahimafrooz group. As part of excelling two decades of international market experience and aspiring to become a truly global company, this state of the art Maintenance Free (MF) and Sealed Maintenance Free (SMF) battery manufacturing plant was established in the year 2009. With 2.5 million unit production capacity per year, RGL is the largest battery export plant in South Asia. In recognition to its quality management system, RGL has received ISO 9001:2008 Certification from Orion Registrar, Inc., USA. The manufacturing process of RGL ensures highest level of environment sustainability.

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    Milestone reached of 3,300,000 solarized homes in Bangladesh - local made SLA batteries played a large part in this.
    [​IMG]
     
    Last edited: Apr 15, 2019
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  3. UKBengali

    UKBengali ELITE MEMBER

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    Very good and wish them the best.