Government-subsidised Bangladeshi bike makers report increased exports

According to a report in The Financial Express, bicycle exports earned Bangladesh $52m dollars in the last fiscal year, and the earning target was raised to $80 million dollars for this fiscal year.

The latest official figures showed that the country exported bicycles worth $12.69m dollars in the July-September period of this fiscal year, compared with $11.56m in the corresponding period of fiscal 2002-2003.

Bangladeshi bicycle manufacturers have received what the Financial Express calls a "10 percent cash incentive" from the government since May 2002.

http://www.financialexpress.com