The proposed collaboration through this MOU envisions to explore the potential to support Micro Small and Medium Enterprises (MSMEs) in the light engineering sector.
The Light Engineering (LE) sector in Bangladesh is considered as the mother of all industries with over 90 percent units catering to domestic needs with a market size estimated to be around Tk. 600 billion according to Bangladesh Engineering Industry Owners’ Association (BEIOA). However, the growth of the sector faces challenges such as lack of advanced technologies, skilled workforce, market promotion, product diversification, commercial linkages with large manufacturers and suppliers and structured policy support and investment. Due to the contributions in the economy, this sector has been recognised as a “Thrust Sector” in the Industry Policy of Bangladesh (2016).
Prabriddhi is a Local Economic Development (LED) project funded by the Swiss Development Cooperation (SDC) and implemented by Swisscontact in selected municipalities of Bangladesh.
RANCON Motor Bikes Limited (RMBL) is one of the sister concerns of RANCON and a Suzuki Motorcycle distributor and manufacturer in Bangladesh. Founded in 2013, RMBL has been successfully operating its business in the motorcycle industry of Bangladesh. The principal company is Suzuki Motor Corporation, a Japanese multinational corporation, manufacturer of automobiles, motorcycles, all-terrain vehicles, outboard marine engines, wheelchairs and a variety of other small internal combustion engines.
The MOU was signed by the CEO of RANCON Motor Bikes, Mr. Quazi Ashiq Ur-Rahman and Country Director Swisscontact Bangladesh, Mujibul Hasan. Senior Program Manager of the Swiss Agency for Development Cooperation (SDC), Mr. Sohel Ibn Ali was present in the signing ceremony.