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Bangladesh offers VAT waivers and duty reductions for electric vehicles, e-bikes, and lithium batteries to promote domestic manufacturing, reduce fossil fuel dependence, and attract foreign investment.
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Companies must ensure local manufacturing, not just assembly, requiring cell production, advanced machinery, ISO certifications, and employment of 250 Bangladeshi workers to qualify for tax benefits.
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Industry leaders welcome the incentives but urge the government to ease some conditions, arguing that rigid machinery requirements may hinder industry growth and deter potential investors.
Source: www.thedailystar.net
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