Business Today

RFL new cycle factory started in Gangachara

RFL Group has set up a bicycle factory in Gangachra, Rangpur in 70,000 square feet. The factory, built with an investment of 60 crore rupees, will produce several parts in addition to bicycles. At present, the annual production capacity of this factory is 3 lakh bicycles. 400 workers are working. If the production goes into full swing, the production capacity will be doubled. Employment will increase to 1 thousand.

The new factory opened by RFL Bicycles in Gangachara has an annual production capacity of three lakhs. Currently 400 people are working. In case of full production, the annual production capacity of the factory will be 6 lakhs and employment will be about 1000 people. The amount of investment in this factory is about 60 crore rupees.

RFL established their first bicycle factory in Habiganj Industrial Park, Shaistaganj, Habiganj. The bicycles produced there are being sold in the domestic market under the Durant brand name since 2014. RFL started exporting bicycles abroad from the following year i.e. 2015.

Commerce Minister Tipu Munshi inaugurated the new bicycle factory of RFL Group at Lalchandpur area of Gangachara on Thursday afternoon. Opposition Chief Whip Mosiur Rahman, Commerce Secretary Tapan Kanti Ghosh, Rangpur Range Police DIG Abdul Alim Mahmud, FBCCI Senior Vice President Mostafa Azad Chowdhury, Deputy Commissioner Chitralekha Nazneen, Superintendent of Police Ferdous Ali Chowdhury, PRAN-RFL Group Chairman Ahsan Khan were also present. Chowdhury and others.

On the occasion, Commerce Minister Tipu Munshi said, the once manga-affected area of Gangachar is now a thing of the past. Prime Minister Sheikh Hasina has chased away manga in the north and RFL has provided employment. He further said that RFL Group is a unique name in the economic liberation march. Pran-RFL products are going to many countries of the world, which is playing an important role in the economy of Bangladesh.

Chairman of RFL Group, Ahsan Khan Chowdhury said, due to the increase in demand in the local and export markets, the second factory has been opened in Gangachra. Bicycles will be manufactured here for the country’s domestic market. The annual production capacity of the factory will be 600,000 pieces of bicycles.

Ahsan Khan Chowdhury said, “The country’s light engineering sector has developed. Import dependence of various types of products of this sector including bicycles has decreased. Not only that, the export earnings of this sector are also gradually increasing. We hope that soon the light engineering sector will be able to create a strong position in the export trade of the country.