The government has permitted Runner Automobiles Limited to import raw materials and equipment for manufacturing motorcycles with high engine capacity in the country for export.
The commerce ministry on August 30 issued the import permit certificate to the automobile company, a sister concern of Runner Group.
The company will manufacture motorcycles with engine capacity ranging from 165 cubic centimetres to 500cc.
Ministry officials said that the permission was given following a request of the company and analysing the export potential of the product.
The ministry, however, has tagged with the permission some conditions including prohibition of selling those motorcycles in the local market.
Motorcycles produced using the raw materials and parts must be exported, it said.
The company will not be allowed to sell or transfer the raw materials and equipment to be imported under the permit to any other company inside the country, it said.
Under the permit, the company will also have to ensure proper security measures so that motorcycles with above 165cc engine capacity and parts of those motorcycles cannot be used within the country.
According to the existing policy, only the police department is allowed to import and use the motorcycles with above 165cc engine capacity.
Runner Automobiles had been trying since December, 2017 to get the government permission for import of required machinery and parts to manufacture the high-capacity motorcycles after its market analysis found huge export potential of such motorcycles.
Runner Automobiles director Amid Sakif Khan on Monday told New Age that they would go for manufacturing of the motorcycles within six months to one year.
Runner, in a market analysis, found huge demand for higher engine-capacity motorcycles in many parts of the world including Middle East, Africa and some of neighbouring countries, he said.
‘We are now exporting motorcycles to Nepal and will soon start exporting to three new markets including Bhutan,’ he said, adding that the company was also trying to enter in the African market.
Runner will basically import those items (engine and some electrical items) which are not available in the country and export the produced motorcycles with some value addition, Sakif said.
Parts like tyre which are available in the domestic market will be procured locally, he added.