Dhaka, Feb. 11 -- PRAN-RFL Group is set to enter the motorcycle industry with an investment of Tk 5.0 billion in Habiganj, where it will establish a new factory expected to create around 5,000 jobs and boost the local economy.

Giving priority to the young generation, the country's leading business conglomerate is investing in the production and marketing of its own eco-friendly RYDO electric scooters, alongside the manufacturing and distribution of motorcycles of the popular brand TVS.

The announcement was made at a views exchange meeting held at the group's headquarters in the capital on Tuesday.

To operate in both electric scooters and petrol- and octane-powered motorcycles, the group plans to invest around Tk 5.0 billion over the ne...