Dhaka, Aug. 23 -- Bangladesh sees lift market making quantum leaps, but largely unregulated to raising concerns about safety of users, according to industry-insiders.

The market, worth around Tk 12 billion, is dominated by imports which account for around 70 per cent. The rest is supplied by two local suppliers-Pran-RFL Group and Walton-- who together hold around 30 per cent of the market share.

"It remains completely unregulated and poses significant risks of accidents," said Moinul Islam, chief operating officer of Property Lift, a strategic business unit of the Pran-RFL Group, while visiting the lift plant at Polash in Narsingdi.

Imports comes from Finland, Spain and China. There is another group of technicians who assemble and inst...