How big is the battery market in Bangladesh?

An expanding market The battery market the size of which is around Tk8,000crore is growing year on year. The market ballooned three to four times in the last ten years, registering a 10% to 12% growth in the last one year, according to the Bangladesh Accumulator and Battery Manufacturers' Association (BABMA).

Will European Union fund energy storage in Bangladesh?

Bangladesh government and potential investors into energy storage were handed European Union-funded roadmap for the technology’s development.

How much duty does Rahimafrooz charge on imported batteries?

Currently, there are 25% import duty, 20% supplementary duty and 3% regulatory duty on imported batteries, according to National Board of Revenue. Who leads the market Rahimafrooz Batteries Ltd is the largest lead-acid battery manufacturer in the country. The company is also one of the leading regional players, now exporting to around 70 countries.

Who is Rahimafrooz Batteries Ltd?

Talking to Dhaka Tribune, Rahimafrooz Batteries Ltd head of business Nawaz A Rahim said: “Rahimafrooz has been in the battery business for 65 years. However, the company started its export in 1992. Currently, we are exporting to 70 countries including Singapore, Australia, Russia, India, Chile and Middle East.”