Bangladesh Jute Products: The Call to Broaden Utilization

Bangladesh Jute Products: The Call to Broaden Utilization

May 27, 2017 / No Comments

It is reported that specialists at an instructional class for farmers within these present times have requested with regards to broadening the utilization of Environmentally-friendly Bangladesh jute products while leaving behind engineered polyethylene to guarantee reasonable cost of the golden fiber next to each other with enhancing condition.

Exceptional significance was applied to the adoption on an expansive scale of the most recent agribusiness innovations, comprising lace retting technique, at the farmers' stages with regards to raising grade and distinguishing attribute of the fiber and advancing generation of Bangladesh jute.

Their perspective was communicated precisely and clearly at the instructional class fixed up under the “Production of High Yielding Jute and Jute Seed and Method of Rotting Jute Plants Embracing Modern Technology” venture at the assembly room of the Domar Upazila in Nilphamari area.

 

Within the affiliation with the Bangladesh Jute Research Institute (B.J.R.I.), the Upazila Jute Development Department had formed the course with regards to 100 chosen farmers to aid them in the cognitive process of acquiring the skill or knowledge of the technologies in a practical manner as concerns towards broadening those at the foundation grades.

The instructional class was directed with officer of Domar Upazila as the chairman and the chairman itself as the primary visitor. The special visitor who had participated the event was the Senior Assistant Director (Purchase) of the board of directors of Jute under the Ministry of Jute and Textiles.

The significance of accomplishing confidence upon excellent graded jute seed of superior generating assortments to fulfill regional seed demand as concerns to expanding output of excellent graded fiber using the most recent innovations was talked over by the Development officer of jute Bangladesh.

A detailed account was given by the Agriculture Officer of the Domar Upazila on the most recent and lowly-priced strip retting technology that aids the farmers in adjusting to the dry conditions. At the same time, acquiring the most effective graded fiber next to each other with the maximal cost within the regional and worldwide marketplaces.

It was clarified that different traditional strategies and lowly-priced strip retting innovation of jute in Bangladesh within just nine days amid dry season or water shortage to enhance the essential, distinguishing attribute and class of Jute products from Bangladesh jute products suppliers along with guaranteed higher marketplace costs.

The primary visitor had spoken over concerning the multi-dimensional utilization of Bangladesh Jute and its expanding need within the global marketplaces abiding by unfavorable impacts of manufactured fiber. Likewise, it was called upon the farmers to resuscitate the past aura of the golden fiber from Bangladesh jute suppliers.

Bangladesh Leather Products industry on the verge of vast development possibilities

Bangladesh Leather Products industry on the verge of vast development possibilities

April 13, 2017 / No Comments

The leather business of Bangladesh, which is the second biggest exportation contributor, is pushing forward step by step, however, it is yet slackened with an indistinguishable and unfaltering development. As of late, the Bangladesh leather products are being accepted by and large all around the world. The accessibility of the staples is the greatest quality the division is possessing.

New period of possibilities with regards to such business of Bangladesh is being made because of the late policy alterations of the leather business within China, the planet’s biggest manufacturer. With regards to variegation of export, searching for solid contrasting options to RMG followed by leather and leather products division arises as the greatest competitor.

When Bangladesh RMG has raised a large number of driving brands within the country itself with their immediate existence, they will become exceptionally glad to lay their individual orders of leather products within the similar nation Bangladesh, out of where they are sourcing apparels. Hence, the development of fabric and RMG division is effectively assisting the development of leather and united business enterprises such as footwear and other leather commodities industry.

Exportation of leather and Bangladesh leather products has surpassed the 1 billion USD mark for the third year in succession. Based on the information from the Export Promotion Bureau within the financial session of 2015-16, the leather products and footwear were 1.16 billion USD. Within the 2014-15 session, leather and leather products were exported from Bangladesh that were worth 1.13 billion USD which is contrasted with 1.12 billion USD in the past monetary year. It demonstrates that the division is possessing a relentless and amazing development.

An amount of 1.22 billion USD worth of leather and leather products is expected to be traded by Bangladesh within the 2016-17 season. What’s more is that it is proceeding admirably within its objective. Within the principal quarter of (July-September 2016) of the fiscal year, the exportation was greater than $319 million, which is greater than 24% and higher from the identical point of exportation of the past financial year. It demonstrates that the aggregate exportation of such financial year will be conceivably superior with regards to leather, leather products and footwear.

Following are some of the possibilities of the division that can be brought into spotlight:

• Heightening international demand with regards to value included, varied products.
• Possessing the extent of evolving backward linkage business.
• China is missing the aggressive willingness to compete.
• Heightening global and regional demands with regards to value included leather goods.
• In Bangladesh, the global Fashion and sourcing houses with regards to Bangladesh RMG (Readymade Garments) are displaying interest with leather goods.

The ongoing demand of leather, leather goods and footwear on the planet are almost 215 billion USD. Bangladesh merely exports 1.16 billion USD. Around 1.50 USD sum square foot leather is created within Bangladesh. A number of them are being traded as rawhide. Therefore, we possess a gigantic probability to take hold of the market with our most elevated amount of productivity and appropriate strategic planning.

With regards to such, it has been a crying need to reposition the tannery industry in Bangladesh to Savar Tannery Estate. As indicated by the associated experts, a greater degree of benefit is able to be earned by legitimate strategical planning, marketplace supervision, and agile conservation of raw leather, shipment and appropriate processing of leather.

Bangladesh Leather Products: Billion Dollar Division Braced for Growth

Bangladesh Leather Products: Billion Dollar Division Braced for Growth

March 23, 2017 / No Comments

The exceedingly beneficial leather division producing quality Bangladesh leather products, under evolving global examination with regards to dangerous ecological practices, appears to be braced towards new development at present as a significant natural redesign approaches finalization.

Be that as it may, a modern heavy-duty field and a CETP (i.e. Central Effluent Treatment Plant) along the edges of the city are anticipating a natural flip-flop that has calmed global critique worldwide and started a fresh monetary idealism.

Interestingly, thanks to Bangladesh leather suppliers, the leather division in Bangladesh exceeded the 1 billion USD target in terms of yearly exportations for the first time. Combined yearly growth with regards to the past five years was more than 25%, and there are signs ahead of time that the business is moving towards superior esteem-included production, more broadened exportation marketplaces, and new inventive items.

Exportation manufacturers have been sluggish to wander past Bangladesh RMG (Readymade Garments) , however with consideration from policymakers at a greater extent as well as an enhanced ecological picture globally, the leather division seems prepared to alter this.

Business insiders and policymakers concur that the migration of the Bangladesh leather manufacturing plant with regards to ecological consistence has been an essential impetus. The Asia Foundation has upheld the movement since 2012, operating intimately with two essential leather affiliations and the Ministry of Industries in order to establish an alignment of reformers who have initiated the ecological consistence plan.

A single sign of the basic alterations within the leather division that have been quickened by the straightening out is the changing make-up of exportations amid three classification of items: completed Bangladesh leather products, leather and footwear. 62% of each and every exportation profits from the division originated out of completed leather back in 2008. However, within 2014, this extent had tumbled to 39% as income soared up within the superior esteem-included classifications of leather commodities and footwear.

The picture boost out of the leather division’s ecological changes may likewise have spread out entryways with regards to unified divisions. At present, Bangladesh creates items, for example, cloth-based footwear with regards to worldwide merchants comprising H&M, Kappa, Fila, Puma and lots more. As stated by the Export Promotion Bureau, exportations of non-leather footwear had hit 171.57 million USD in the past financial year.

Positive impression of the leather business' advancement, and its developing intensity within delivering world-class items, are starting to draw in a legitimate curiosity of outside speculators. No less than 51 foreign organizations have stated their curiosity with regards to setting up joint-venture footwear industries within Bangladesh.

An individual Chinese-Bangladeshi joint-venture designs to put 21.5 million USD within another footwear manufacturing plant that will utilize more than 3,000 specialists. Business insiders have assessed that the manpower within footwear and completed products could increase twofold following the tannery resettlement. Female laborers specifically will profit, as they constitute approximately 70% of the manpower within these item classifications. With fresh economic possibilities with regards to city-born and provincial ladies, the Bangladeshi leather products division ought to positively affect the social advancement markers.

The three biggest leather exporters, China, Vietnam, and Brazil, have moved their concentration of attention because of heightening work expenses, an environmentally good leather division within Bangladesh can possibly carry a bigger share of the worldwide exportation marketplace and turn into a cardinal driver of the country's advancement.

What's more, with the opportune ecological change, it's simply a question of time until a more youthful era of business visionaries accomplishes worldwide acknowledgment with regards to manufacturing of Bangladeshi footwear. As the ex-U.S. Diplomat to Bangladesh, Dan Mozena had stated, the leather division will be one of the four legs whereupon Bangladesh will remain as the succeeding Asian Tiger.

Bangladesh wood furniture – An Insight on the Marketplace

Bangladesh wood furniture – An Insight on the Marketplace

February 2, 2017 / No Comments

Furniture business has been encountering goodish development across past 6 years. The inland marketplace is displaying an upwardly pattern and at the present moment, it is worth 67 million BDT. In addition, inside this time, exportations of wood furniture have heightened by CAGR 104 percent to 38.94 million USD and at the same time, the aggregate amount of organizations has developed by 68 percent to 71,034.

Elements Leading towards Development

A number of the significant elements leading towards the prolonged development of the Bangladesh wood furniture business is put up as follows:

• Developing Inland Demand: As indicated by the most recent most recent BCG study about development shopper category, Middle and Affluent Class (M.A.C.) populace at the present moment remains at 11.7 M and, is anticipated to increase by trifold inside 2025. These rising category possesses developing dispensable wages which are being expended upon the shopper goods, comprising wood furniture.

• Admittance to Credit: At the present moment, Bangladesh owns around 60+ banks that competing to captivate the retail saving money section. A large number of these banks provide credit cards and buyer credits which are effectively available towards MAC section. Special credit card conditions cause buying choices to become uncomplicated with regards to the users who are wanting to purchase wood furniture.

• Bettering Provision-side Capacities: A portion of this is able to be credited towards a style related change within the Bangladesh furniture suppliers. Within the recent past, the craftsmen of the nation have started consolidating fashion out of their foreign opposite numbers, expanding the array of alternatives usable with regards to the shoppers, searching for a unique feel. Such has brought about shoppers consistently altering their wood furniture.

• Cheap Labor: Likewise, the change is able to be ascribed towards the nearness of cheap labor within the business, a business which is work intensive. Workers within majority of the nations where wood furniture is manufactured are paid more than $120 per month, and at the same time, Bangladeshi workers are paid within $37-120 per month.

• Rearward Linkage: Based on the analysis carried out by EU, 40 percent of the staples utilized by the business originates out of inland sources. Woodlands within the Chittagong Hills and the Sundarbans are the biggest supplier of excellent timber within the nation, with woodlands extending territories more than 10,600 square kilometers.

Value Chain Investigation

There are chiefly two categories of wood utilized by Bangladesh furniture manufacturers. One is Firm wood and the other is Refined Wood. The Firm wood requires to become prepared with the objective of being durable and stylishly engaging, nevertheless, there are not too many flavoring plants within Bangladesh and those that do live are claimed by particular furniture producers. The refined wood then again requires a decent coating installation, which merely the mid-high level furniture producers possess.

The main staples utilized are wood, overlaid board, fashioned iron furniture, refined wood and medium thickness fiber wood, molecule board and rattan bamboo. Nevertheless, majority of these stuffs requires to become foreign made. In terms of woods, Tic and Hardwood originates out of Africa, at the same time, Burma tic wood originates out of Myanmar.

The duties upon these stuffs are restrictively greater than normal in degree. The importation obligations with regards to each and every firm wood are at 10.72 percent and at the same time, the obligation upon molecule board is at 92.3 percent. Such drives the cost upwards while causing it difficult with regards to manufacturers to offer reasonably priced wood furniture.

Producers are reluctant to import refined wood due to the eminent importation tariff of 92.3 percent. The timber utilized within the business is usable out of the regional timberland and importation sources nonetheless, because of a raise within the re-afforestation and administration implemented safe woodland districts; the accessibility of wood is strongly slumping.
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Bangladesh Product Suppliers - Driving the nation as an Export powerhouse

Bangladesh Product Suppliers - Driving the nation as an Export powerhouse

January 24, 2017 / No Comments

The RMG business of Bangladesh possesses a solid standpoint in terms of exportations, while having the benefit of non-taxable admittance towards significant marketplaces comprising the European Union (E.U.), Canada, Japan as well as China. In addition, foreign purchasers out of the United States and the European nations have kept up tight operating associations along with Bangladesh product suppliers and a considerable amount of them have established the purchasing workplaces within the capital city, Dhaka.

The clothing of Bangladesh or Bangladesh RMG business is a contributor of extreme importance towards the economic system, making up approximately 80 percent of the nation’s aggregate earnings in terms of exportation. Following more than 30 years of growth, thanks to Bangladesh product suppliers, the RMG business of Bangladesh is regarded to be a moderately developed area along with settled purchaser-provider connections, business information and conformity.

Figure: Growth of Bangladesh RMG division

In contrast to some of the other Southeast-Asian output foundation like Cambodia and Vietnam, where foreign-invested organizations reign the manufacturing business, the RMG division of Bangladesh possesses a significant degree of involvement with regards to regional organization. Likewise, Bangladesh manufacturers of RMG are administrators that are eloquent and involves competitiveness with productive experience while working with global purchasers.

While the administration is eager to branch out industries, aside from fabrics and RMG, Bangladesh is attempting to feed a firmer drive within the build-up of different businesses in order to enhance its manufacturing list. Priority areas comprise leather and Bangladesh leather products, automotive, agriculture and pharmaceutics. Along with its labor benefits, the leather preparing and manufacturing commodities of Bangladesh might gain out of the regional leather supply of the nation.

Bangladesh annually delivers more than 50 million head of domesticated animals. Statistics have shown that Leather is the biggest product made out of domesticated animals and such unfaltering provision has assisted in bolstering the leather business with yearly exportations of about 1 billion USD. Throughout the occasion of Eid-al-Adha (i.e. the Feast of Sacrifice) carried out every year, more than 1.5 million domesticated animals are butchered within a single week.

Aside from the completed and semi-completed leather, the leather exportation of Bangladesh is moving to higher esteem included products in a gradual manner, like leather commodities and foot-gear. Similar to their opposite number within the RMG division, the organizations of Hong Kong that are involved within the leather commodities and garment add-ons might regard manufacturing resettlement or variegation inside Bangladesh.

Producers are able to source leather straightforwardly and more inexpensively within the nation in addition to directing exportation-actioning there to spare transportation expenses.

With regards to the easiness of carrying out business within a nation, particularly rising economic systems, unrestrained regulatory techniques and needlessly time-consuming techniques are typical. Hence, it is quite obvious that the easiness of carrying out business requires advanced betterment. To the producers of Hong Kong, Bangladesh presents a blended pack of alluring work expenses and testing functional problems.

As one of the net producing frontiers of Asia, the inexpensive and bounteous work of Bangladesh presents great potentiality with regards to work-intensive businesses. The work expense benefit is still solid and uncommon within Asia as compared with different rising nations, the business functioning condition is a long way from being perfect.

Bangladesh Products succeeds in being G.I. registered

Bangladesh Products succeeds in being G.I. registered

January 21, 2017 / No Comments

One of the top and great Muslin craft of the world named Jamdani of Bangladesh Products has been enrolled recently as its maiden Geographical Indication (G.I.) item, an act that would aid in brand-marking the item within the global marketplace.

Jamdani saree is one of the top muslin fabrics of Bangladesh. Women from Bangladesh and from West Bengal (India) as well put on Jamdani saree within exceptional events. The sarees are unquestionable in terms of both, color as well as design. The customary approach by means of which the Jamdani is interlaced is adjudged as an Intangible Culture Heritage of Humanity as stated by UNESCO.

Experts state that the Jamdani of Dhaka is the leftovers of the Dhakai Muslin, the highest quality of textiles ever all around the globe. The word “Jamdani” is of Persian root that educes from ‘Jam’, implying flower, and ‘Dani’, an open jar or a container, called following the cosmetic flowered blueprints determined on the fabrics of Dhaka.

As the minister of Industries in Bangladesh named Amir Hossain Amu was passing the G.I. enrollment authentication to the Bangladesh Small and Cottage Industries Corporation (B.S.C.I.C.), he had expressed in words during a media briefing that at present, craftsman who weaves cloth are able to put themselves into service with the Patents, Designs and Trademarks (i.e. D.P.D.T.) in order to utilize the G.I. emblem and at the same time commercializing the popular Jamdani saree and various Jamdani items both globally as well as by a particular locality.

The minister had also stated that Bangladesh at present has ventured ahead in order to ensure the rights upon customary and nation associated items as nowadays, it eagerly anticipates each and every country concerning items comprising Hilsha fish along the objective of guaranteeing the G.I. enrollment within stages.

As stated by the World Intellectual Property Organization (W.I.P.O.), the Geographical Indication (G.I.) is a name or a mark utilized upon specific items which becomes compatible to a particular geological area or root like an urban area, district, or a nation.

Besides, the utilization of Geographical Indication (G.I.) might go like an accreditation that for example, Bangladesh products owning definite distinguishing attributes, is produced by customary techniques, or relishes a definite general estimation, because of its geological root.

Dhaka, the capital of Bangladesh was viewed as the center of Jamdani with regards to a considerable length of time and at the same time, it was previously sponsored by the Mughal rulers. However, throughout the British governance by following in time, the business grew worse in a quick manner because of the frontier importation policies supporting mechanically made fabrics.

Within the years of late, the business of Jamdani has perceived a restoration in its legacy. Following the G.I. enrollment, none will bring up any inquiry regarding the root of Jamdani in Bangladesh.

The Patents, Designs and Trademarks (i.e. D.P.D.T.) trusts that the Geographical Indication (G.I.) enrollment will aid in defending the nation concerned legacy and heighten the marketplace value of such conventional and greatly desired Bangladeshi products as well.

Bangladesh Garments: Bettering the industry with Data Mapping

Bangladesh Garments: Bettering the industry with Data Mapping

January 14, 2017 / No Comments

The Bangladesh Garments industry is the biggest exportation division inside Bangladesh, and is the second biggest donor towards the nation’s foreign money stockpiles following the recitals out of laborers living abroad. Such division has been implementable in motoring the financial development of the nation, with an estimated 3.6 million from a 156 million natives laboring inside about 5,000 clothing mills of the nation.

However, a report published earlier this decade had indicated that, in spite of the Bangladeshi garments division putting up 45% of the nation’s developed state of being employed or having a job, it merely adds 5% to the aggregate national earning of Bangladesh. Lowly earnings within the mill is mutually related with dangerous preconditions as well.

However, with the objective of ensuring that clarity and conformity inside such division goes on to get better, extra information that stakeholders are able to get at with ease is absolutely essential to guarantee some other avoidable tragedy does not take place once more. A project is currently in progress at a stellar university inside Bangladesh that displays hope in aiding those enthroned within the Bangladesh garments division to function unitedly with the objective of reinforcing the security of representatives.

An affiliate professor of business enterprise and system named Professor Mohammad Rezaur Razzak along with his squad has built up a mapping device that will incorporate the fundamental data regarding the clothing mills of the nation; that data thus will guarantee that the Bangladesh garments factory is able to develop mindfully and keep on providing to the developing economic system of Bangladesh.

Mapping the manufacturing plants of Bangladesh Garments

The Participatory Factory Mapping Research (P.F.M.R.) apparatus went on to become conceivable with the accumulation of information out of more than 450 manufacturing plants inside the Mirpur and Kaliakair regions of the more noteworthy Dhaka region.

One of the first demanding situations with regards to the task was the recognition of manufacturing plants. Information regarding Bangladeshi garments manufacturing plants was scattered beforehand among six databases, but they were hindered altogether by conflicting or repeated information.

Similar to the instance is with the clothing manufacturing plants within different nations, such division inside Bangladesh is one that incorporates enormous factories and manufactures in addition to the little stores that operate as contractors with regards to bigger manufacturing plants.

Razzak, alongside his squad of expert prepared census takers and graduates, had spent more than a month in the previous summer locating these manufacturing plants exactly. The squad then built up a collection of information and inquiries that incorporated the sorts of generation, quantity of laborers, exportation spots and associated brands.