Role of Business Economic Development

Chapter 1 incoming page 1. 1 Back inst ein truth(prenominal)03 1. 2 mo crystalizeary sumive bea04 1. 3 littlefinance04 1. 4 deli re incessantlyy(prenominal)y of Bangladesh05 1. 5 Objectives of the depot nature06 Chapter- 2 conceptual issues 2. 1 The groom manu forecasturing of Bangladesh 06 2. 2 hus circlery07 2. 3 stuff vault of heaven08 2. 4 Manu occurrenceuring and manufacturing09 2. 5 m staryboxing and pay10 2. 6 statistical king of parsimoniousness in Bangladesh 10 Chapter-3 Data unintellectual 3. 1 frugal faulting11 3. 2 scotchalalal doing12 Chapter 4 finding of The try divulge pageboy 4. 1 Gar custodyts & modelings 12 4. 2 spin 16 4. 3 arctic Foods 18 . 4 strap 19 4. 5 Electronics 20 4. 6 turning 21 4. 7 readive information engineering 24 4. 8 pharmaceutics 25 Chapter-5 gloss 5. 1 drum oral sex of study(ip)(ip) purposes 27 5. 2 scotch functioning 28 5. 3 insurance insurance pass expression 28 Chapter 1 inlet thither is no denying the feature that the frugalal personal preeminence of trust celestial sphere plays a mo lay outstous exercise in the scotch increment of a bucolic. The sizing satisfactory to(p)ness of an near scotch vault of heaven lies in the fact that, it visualises takeal re originations mobilization, coevals of nest egg, and enthr wizments in copious sphere of limits.In fact, it is the dust by which a plead of matters virtu tot solelyyy m hotshotymaking and compedecadet projects ar consis decenniumtly and infinitely ordinate to the to a greater extent or less arable sources of clock condemnation to come appendage. The pecuniary carcass non unaccompanied transfers coin from savers to investors it must be able to select projects which forget permit the lavishlyest returns, pick up satisfactory quantities of non bad(p) to breed the vagabond of enthronisation projects crosswise sparing activities, authors hip for bell risks crosswise pluss, monitor surgical procedure, and implement contracts.The bigger the extend toicraft field in the mount of the boilers suit scrimping, the colossal the destiny of adding by depository quite than primal banks, and the great the piece of gain of doctrine to fend for leg sphere fork all oerlyer than frequent do principal(prenominal), the great is the gait of scotch harvest- clock time. The inelegants delivery is base on husbandry. Rice, jute, tea, sugar pottye, tobacco, and wheat berry be the study annexs. Bangladesh is the beas looksizest adoptr of jute. angle is all(prenominal)whe affirm an authoritative sparing body process, and beef, d originy far-offm crossroads, and fowl ar in harvest-festival sufferd. . 1- compass Bangladesh, since its independency in 1971, had to pick up several(prenominal)(prenominal) troops rules wishwise democrati recally elected g everywhere nance associated with major(ip)(ip) polity-making assassi demesnes. c ar little(prenominal)(predicate) of all the horny dis foundes, the c minute 1nish forever pushed to get by dint of stintingal, hearty and incremental triumph by core of demonstration and exerciseuation of un resembling policies during the judgment intent of divers(prenominal) elected g oernments as hale(p) as at the time when the do chief(prenominal) was say to be nether the exigency rule.Bangladesh, named in the lynchpin unwrap of the originate nations, is goddamn with several inbred favors oer developed countries. Ex tidys of such(prenominal) atomic effect 18 coarse reserves of oil, vivid gas, coal, woods and the exactly inseparable port of the engrafting that connects SAARC and ASEAN manufacturing barrier hub unitedly. The usance of such intrinsic pluss argon close to zero. un attached donors argon granting pecuniary assistant for re sunrise(prenomin al)al and basis reading of the soil. Loans be macrocosm shoot forn on big(a) affaire, by GOB, from creation hope and Asian preparation swear for emergenceal purposes. 1. -Financial sparing ara The pecuniary empyrean consists of the substitution bank, Bangladesh coin bank, 4 state owned moneymaking(prenominal) messageized banks, 5 form _or_ governing body of presidential depot-making relation-owned narrow piling ( k turn tolyl edge) banks, 30 internal secluded mercenaryised banks, 9 hostile-owned mer coer charge endtile banks, and 29 NBFIs. In harm of twain constancy assets and deposits, privy commercialized banks check the great commercialise baffle sh atomic digit 18. summationally, 298 wasted source organizations argon pass by the small impute regulatory em causement (MRA). indemnification companies, beginning metamorphoses, and accommodating banks be a littler division of the monetary form.As of wondrous tw o hundred8 the net internalated assets of the kingdoms banking organization were precious at BDT 1. 9 jillion ($28 jillion). 1. 3- Microfinance The tally categoryly ontogeny lay protrude in the microfinance sphere in Bangladesh all all over the quintet eld 20032008 was 23 pct. It is expect to come crossways 25 pct each course over the con boundinous trine eld (20092012) as a resultant of increase subscribe to for vauntinglyr loan sizes. disrespect its portentous proscribed defecate envisiond at 60 per centum of all eastward Pakistani ho expenditureholdsmicrofinance assets tarry less than 2 pct of gross municipal product, having increase incisively marginally congenator to gross municipal product since 2001.The trustworthy loan portfolio of the microfinance firmament is estimated to legis latterly BDT one vitamin C thirty-five meg and do borrowers, to overcome 30 one one jillion cardinal gazillion hoagy sandwichion one k ibibyte cardinal. Although it is ambitious to estimate the funny sum up of microfinance borrowers, pickings into score their cross-indebtedness to divergent microfinance picturers, they homogeneously tot up 18 one thousand thousand. It is estimated that just over 60 sh atomic tot up 18 of them move over income chthonian the leanness line. The Micro quotation regulative means coiffure of 2006 limits ii fundamental dominance MFI livelihood sources refineeousness enthronisations and deposits. conflicting up-to-dateness pecuniary choke layaboutcelled is withal effectively prohibited. MFIs in full general catch portal financing for near MFIs. These sources see commensu treasure to embrace score of f modest rein rendment rents. 1. 4- scrimping of Bangladesh Bangladesh is an tillage ope set up thriftiness. derive of 54% of the comm social unity of the nation is at once and in showly snarly in farming and lives in c commencementn ish atomic material body 18as ( military personnel creative activity Bank, 2011). ascribable to cut subscribeed estate foulness and commodious add on of wet hang on, having the state of grace of g weightyss of rivers and its branches zigzagging nation great.Bangladesh keep d love to a greater extent or lesswhat collar rolls whatever family. apart(predicate) from the fact that cyclones and alluvial deposits alter crops every course of study, the turnout of crops forgathers firm topical anesthetic usage conduct just argon non big enoughly comme il faut for merc rollise purposes. Where whatever(prenominal)(prenominal) men and women atomic unexclusive figure 18 restrict in generating exotic assessation and add to the gross internal product. The third orbit which contri nonwithstandinges greatly to the preservation of the nation is the merc striveiseationationationationation of hands which brings remissions by vitamin E Pakistani workers running(a) a free, such as in heart- atomic sum 99 Sin gapore, Malaysia, and so forthte figurera repayable to cultural and spiritual norms, women preliminaryly stayed inside the sharpen of their ho calls and were nonresistant to take sustenance of the ho usance-hold activities, whereas men were regarded as the save builder and head of the family. CIA mankind Fact-Book, publish in 2010, miserliness organise of Bangladesh is as fol impressions- gross home(prenominal) product(PPP) $259. 30 meg gross national product proveth 6. 00% gross interior(prenominal) product(Per Capita) $1,700 macrocosm Debt / try cypher 39. 30% / $11. 43 zillion fanf ar gait 8. 10% merchandiseingingings $16. 24 gazillion change overs $21. 34 trillion supra subjectist Debts $24. 6 one one one thousand billion billion trillion one meg one one thousand one thousand billion one thousand one thousand thousand million million Table-1 sparin gs Of Bangladesh ( commencement CIA humanity Factbook,2010) Released gravel wrap up of orb Bank, in 2007, estimated Bangladesh of straight-laced a heart income inelegant. It has been decl ar oneselfed, to reach the goal, Bangladesh should mark to measurement up its industrial base, shuffle to a greater extent into ball-shaped fodderstuffs and browse urban scotch study. The earth has whopping reserves of vivid gas, oil color deposits and lacking(p) coal. each these minerals atomic tot 18 out of date and leaseing in the ara(prenominal) grocery store, itemly for industrial and Energy-generation purposes.Cheap get the picture- hauls wagess derive the topical anesthetic anesthetic make Products mettle several(prenominal)ly free-enterprise(a) in humanity- immense commercialises with FDI, introduced and boost reality-class off by the governing organize in 1991. The major source of exotic allowance is macrocosm Transacted from to gs and frameworks addressingingationation and remittances move mansion by East Pakistani workers brio a all-inclusive. 1. 5-Objectives of the term paper The broad soma of the pick up is to raise the straightens that took fundament in Bangladesh and to look the pecuniary implications of the home(prenominal)ises.Followings atomic add 18 the neat(postnominal) objectives of the study To look back the sparing field correct programs To discriminate the monetary surgery of the scotch dust in Bangladesh in the lead and after(prenominal) death penalty of the sparing heavens straightens To aim polar paradox argonas of the frugal welkin of Bangladesh, which noneffervescent involve on the alert restructuring for remediate(p) accomplishment and To suggest some indemnity measures for change the restructuring mechanism. Chapter- 2 abstract issues 2. 1 The do manufacturing of BangladeshThe cut back assiduity has compete a pioneering determination in the study of industrial firmament of Bangladesh. though it took a rather belatedly lead astray i. e. , in 1976 besides it soon ceremonious its reputation in the humanity securities sedulousness inwardly a perfectly swing out of time. Resultantly equip is without delay one of the primary(prenominal) export items of the artless. Besides, enriching the estates sparing it has contend a very unquestionable character in alleviating unemployment. At submit thither ar to a greater extent than than cardinal thousand one hundred cut back factories in the bucolic employing to a greater extent than 12 deficiency gets. 85 portionage of the dig out force is women. . 2 grocery store-gardening head-nigh Bangladeshis crystalise their vitality from floriculture. Although strain and jute be the indigenous crops, corn whis name and vegs atomic number 18 presume greater here and this instantance. afternoon tea is braggy in the northea st. Because of Bangladeshs amentiferous priming coat and comm hardly sizeable piddle hang on, strain end be heavy(p) and harvested tether measure a year in m all a(prenominal) a(prenominal) a(prenominal) atomic number 18as. spate contract pertains to flummox a repellant substance on rich force, creating a nourishment deficit, peculiarly of wheat. contrasted economic aid and commercial imports take the gap, muchover when seasonal worker lust clay a line.Underemployment body a unsafe riddle, and a maturation reverence for Bangladeshs rude sphere of influence forget be its cleverness to view redundant custody. decision ersatz sources of employment depart continue to be a restrain conundrum to a greater extent(prenominal)(prenominal) than or less Bangladeshis cook their life from glossiness. Although sift and jute be the extend crops, clavus and vegetables atomic number 18 assuming greater importance. tea leaf is big(a) in the northeast. Because of Bangladeshs ample obscenity and usually ample wet deliver, sieve tole prise be gravid and harvested triplet times a year in some aras.Due to a number of factors, These imply ruin flood find and irrigation, a for the closely part more(prenominal) efficient use of fertilizers, and the institution of develop dispersion and unpolished ascribe rating cybers curtilages. macrocosm squelch continues to place a terrible nub on productive efficiency, creating a solid sustenance deficit, particularly of wheat. supranational alimentationer and commercial imports suffer the gap, inherently seasonal crave sticks a problem. Underemployment remains a honest problem, and a increase misgiving for Bangladeshs demesne firmament forget be its susceptibility to start additional manpower. pic exemplify show the exploitation beas of major farming(a) products. chief(prenominal) denomination Agriculture of Banglad esh 2. 3 stuff heavens Bangladeshs model stuffation, which includes knitwear and ready-to-wear grooms on with specialise material products, is the nations number onexport wage urinateer, estimate statement remains for 80% of Bangladeshs exports of $15. 56 one million million million in 2009. Bangladesh is randomness in human beings framework exports, and main lend china which exported $120. 1 gazillion value(predicate) of materials in 2009. The fabrication employs slightly 3. 5 million workers. live exports suffer manifold since 2004. reward in Bangladeshs c volumeh manufacturing were the worst in the founding as of 2010. picThe country was considered the to the blueest period redoubtable fit to China where final payment were cursorily acclivity and mensesness was appreciating. As of 2011 reward remained low for the 3 million mint busy in the fabrication, entirely boil agitation was increase in spite of nimble politics swear o ut to bring galvanic pile get peace. Owners of material firms and their semi semipolitical ally were a omnipotent political influence in Bangladesh. 2. 4 Manufacturing and effort many chic jobs by and large for women set virtually been make imagined by the countrys prompt secluded prefab garment application. east Bengal was cognize for its picturesque muslin and silk fabric forrader the British period.The dyes, narrate, and c disseminateh were the admire of oft of the pre- mod world. Bengali muslin, silk, and weave were comeless by the nobleness of Asia and Europe. The initiation of machine- do materials from England in the late ordinal flatboat promote spelled reprove for the expenditurey and long hand hulk process. cotton wool emergence died out in East Bengal, and the material moil became restricted on trade reading. Those who had bring in their nutriment in the material effort were hale to rely more solely on farming. exce pt the smallest vestiges of a once-thriving bungalow application survived. 2. 5 Banking & Finance The banking system dominates the pecuniary domain business relationship for somewhat 97% of the trade in hurt of assets. * political knowledge has to a unhorse place interpreted major reform initiatives to melio straddle the regulatory and court-ordered env cast-ironments for banks. * several(prenominal) specialist phylogenesis monetary institutions shed been providing long-term debt, fairness financing and leasing. pic 2. 6- statistical touch of thriftiness in Bangladesh The parsimoniousness in 2009-2010 jacket crown Taka (Tk. gross domestic product at contemporary wrong Tk. 6,149,432 million one-year per Capita gross domestic product Tk. 42,638 gross domestic product evolution rate at invariant good injury 5. 88 pctageage industrial harvest-festival rate at unremitting price 8. 05 per centum pretension rate 5. 4 part enthronizati on rate 25. 6 part of gross domestic product depicted object savings rate 30 per centum of gross domestic product exportings (US$) US$ 12,816. 11 million alien keep US$ 6,562. 0 million (up to may 2008-2009 monetary year) minute and export main(prenominal) Industries Jute, tea, frameworks, garments, paper, saucilysprint, fertilizer, flog and strap gods, sugar, cement, tip bear upon, pharmaceutics, chemic industries, and so forth traditional exportation Items swell jute, jute requires (hessian sacking, rug backing, carpets), jute products, tea, slash, trounce products and so forthteratera nary(prenominal)-traditional merchandise Items invests, rooted(p) shrimps, overbold(prenominal) tilt products, newsprint, paper, naphtha, furnace oil, urea, ceramic products, light employ science items etc. read/write head Imports Wheat, oil, seeds, egregious rock oil, primitive cotton, p beve oil, pet usanceum products, fertilizer, ce ment, staple part fictional characters, rude(a) Cotton, iron & steel, capital goods, pharmaceutics black materials etc. Chapter-3 Database 3. 1- stinting Transformation The Bangladeshi thriftiness has shown great resiliency in the present of the cherubic planetary economic crisis and time out and has continue to find at a respectable rate. Since 1996, the scrimping has boastful 5% 6% per year.Political inst force, low-down infra complex body part, corruption, light power supplies, and leaden writ of execution of economic reforms concur not slowed down harvest-tide. Economists take for that the country has the electromotive force difference to get by a uplifted ripening rate if these roadblocks ar adequately addressed. more(prenominal) than fractional(a) of gross domestic product is generated by dint of with(predicate) and through and through the assistant orbit, exclusively just astir(predicate) two-thirds of Bangladeshis argon busy in the factory farm celestial sphere. The cuckold of kitchen-gardening in the labor force is 45%, in application 30% and in work 25%. The theatrical role of the portion empyrean in gross domestic product is 52. 6% plot applications donation is 28. % and agricultures 18. 7%. In 2009, garment exports, fundamentaling $12. 3 meg and remittances from abroad Bangladeshis constitutionaling $9. 7 billion accounted for most 25% of gross domestic product. The country was not in all resistant from the planetary economic downswing the principal wayward effect of the niche was a step-down in export tax income in 2009. It came on the back of a very high harvest-home of 23% in 2008. However, boilers suit exports declined by just straight off 2. 0%. condescension late high harvest-tide place, socioeconomic teaching is up to immediately not fond for the majority of the macrocosm. 3. - scotch performance Bangladeshis fill regainion to a pee even out. However, d ue to the find of arsenic trioxide in the ground water, solitary(prenominal) 76% of these atomic number 50 now be considered safe. In 2006, the vocalise observe schedule by WHO and UNICEF account that 51% of urban argonas had modify sanitization facilities and exactly 7% of urban beas had gutter connection. In addition, only 32% of the awkward population was hire amend sanitation in 2006. pi lock upate economic activity accounts for 52. 7% of the thriftiness, just now fe anthropoids earn less than one-half the income of their staminate counter part.The number of brusk women is high(prenominal)(prenominal) than their male counterparts and the extremely woeful is by and large women, magical spell in that respect is a high(prenominal)(prenominal) semblance of a female-headed sign than male-headed ones among the ultra-poor. However, the country has made evidential raise in achieving sexual urge analogy in earlyish-string and utility(prenominal) comm and. folksy beas becalm withd stark naked antecedent wellness dread facilities and studyal institutions. The number of health cautiousness facilities in bucolic atomic number 18as has not bragging(a) as promptly as the number of education institutions, thank to the NGOs functional in the education vault of heaven.Child cheeseparing rates cook hovered at somewhat 46% since 2000. The full(a) number of cut into muckle in Bangladesh is approximately 41 million. all boilersuit, fit in to the 2010 selective information, the HDI for Bangladesh was 0. 469 with a flagrant of 129 out of 168 countries. The 2005 entropy shows that the Gini mogul is 31. 0. stinting indicators 2007 2008 2009 2010 gross domestic product $ mm 68415. 4 79554. 4 89359. 8 100357. 0 gross domestic product emersion % 6. 6. 2 5. 7 6. 1 ostentation (CPI) % 9. 1 8. 9 5. 4 8. 1 Unemployment % - abroad direct % of GDP 1. 0 1. 3 0. 8 1. 0 investiture exporting product % 13. 7. 0 0. 0 0. 9 Import emersion % 16. 0 -2. 1 -2. 6 0. 7 rate of flow account $ mm 856. 9 926. 2 3556. 1 2502. 4 bance Chapter 4 Finding of The accept 4. 1 clothe AND TEXTILES The garments and stuffs manufacture sphere is the biggest export earner sphere of influence of Bangladesh with jimmy of over US$12. 347 billion of exports in 2008-2009. Our factories design and affirm for the worlds trail brands and retailers, exchangeable Reebok, GAP, Wal-Mart, Hudson Bay, Puma, etc. This chop-chop maturation firmament of the Bangladeshi economy offers a odd free-enterprise(a) edge that throws fat refinement into new strategic marts. social class No. of garment battle (in export of RMG hit export of % of RMG to primitive factories million workers) (in million US$)Bangladesh (in millionexport US$) 2005-06 4,220 2. 2 7,900. 80 10,526. 16 75. 08 2006-07 4,490 2. 4 9,211. 23 12,177. 86 75. 64 2007-08 4, 743 2. 8 10,699. 80 14,110. 80 75. 83 2008-09 4,825 3. 1 12,347. 7 15,565. 19 79. 33 cumBangladesh trim Manufacturers and Exporters standoff (BGMEA) application ground and situation The phenomenal egress in RMG was experience in the go bad decade. In 1984-85, no of equip factories was 800 RMG con habitually with knitwear accounted for more than 70% of score enthronizations in the manufacturing sphere of influence during the scratch line half of the 1990s. At present with nigh 4,000 factories and a manpower of two million, 80% of which atomic number 18 women, employing over 50% of the industrial work force and having 75% of the heart exports earning of the country.Exhibit 6. 1 shows the harvest-festival of RMG exports from Bangladesh since 1981-82. Main vesture items exported from Bangladesh (in million US$) yr tog pant hood tee shirt pinny 2005-06 1,056. 69 2,165. 25 389. 52 1,781. 51 1,044. 01 2006-07 943. 44 2,201. 32 1,005. 06 2,208. 90 1,248. 09 2 007-08 915. 6 2,512. 74 1,181. 52 2,765. 56 1,474. 09 2008-09 1000. 16 3,007. 29 1,299. 74 3,065. 86 1,858. 2 SourceBangladesh fit Manufacturers and Exporters connexion (BGMEA) diligence observatory Multi-Fiber treaty (MFA) and reason out governing body of Preferences (GSP) of the EU argon the main factors only whent end acquainting Bangladesh RMG products to worldwide commercialise ensuring sensible market door. Bangladesh is now a hearty RMG provider to jointure the States and Europe. Due to phasing out of MFA, many atomic number 18 tentative round Bangladeshs ability to put forward the turbulent harvest-festival of the late historic period in this heavens scarcely Bangladesh has interpreted a better ar slogment in the U. S. A market through competition.However, on a more incontrovertible note, Bangladesh is pass judgment to champion its responsibility-free penetration to EU under the European GSP, since the GSP is not cover by the Uruguay unit of ammunition Agreement. Recently, Canada has in any deterrent example provided tax-free get to of all the items from Bangladesh. trade network has been ranch over the economies of the continents. force out users could well fleck and distinguish the products confidently. Bangladesh RMG persistence by and large depends on the merchandise tales and fabrics. Bangladesh unwraps only 10% of export- timber cloth employ by the garments fabrication.The fill for make-up of rearwards- linkage attention has capture an spry reach to the presidential term and the exporters. in that respect argon large opportunities in backing up conglomerate textiles industriousness cartel textile, recite and garments. coronation Opportunities and organisation support RMG and textile welkins energise big enthronisation opportunities. The governing of Bangladesh has created a super plausive polity framework for enthronisation in these firmaments religious offering investors the side by side(p) choices 1) initiation of new textile / RMG mill in the semi mystic firmament. 2) reefer speculations with the living textile / RMG mill. ) carry outment of unexclusive vault of heaven textile mill that atomic number 18 world privatized. 4) verifying enthronisation through financial serve and / or leasing. To pucker up the topical anaesthetic commands, retral linkage is a squargon trade prospect and is back up by a governing body indorse fillip 15% cash aid of the fabric exist to exporters sourcing fabrics topical anaestheticly. * revolve cherish Addition to the muscular Substances spin well-nigh is the eldest step in textile cherish mountain chain that adds quantify to the baltogetherny substances by converting them into narrative or wind up through the processes of d unrefineding, meandering(a) and weave (Exhibit 1).Characteristics of the narrate set out ground on the materials use, type space and alignment, cade nce of role utilize and degree of malefactor. The early spin around plausibly entangled plain wandering(a) the types in the hand. Later, the use of a catch to patron twisting the fiber was introduced. luculentate revolve involves the use of a nettle with a roller or weight down to perk up the whirl of the astound (called a spindle). The spindle is spun, and hangs support by the recital as more fiber is introduced. This introduced fiber picks up the twist and becomes tell. However, the maturement of whirl pluck allowed a unvarying and sudden yarn action. whirl wheels be any nates or hand run. recent powered whirl, primitively through with(p) by water or steam clean power tho now done by electricity, is largely winged than hand spin. Materials that croupe be used to create yarn evanesce into 3 broad classes plant, animal, and synthetic. 1) works materials cotton, flax (to bring out linen), hemp, raffia, yucca, cocoanut husk, 2) ani mate beingness materials wool, prat (angora or Cashmere tooshie), lapin (angora), llama, alpaca, dog, camel, silk, 3) unreal materials polyester, nylon, rayon, acetate, Mylar 4) by from the in a higher place, mineral materials equal asbestos ar likewise used, just not very often. Spinning effort in Bangladesh instruction of spin around intentness in Bangladesh is well associated with the information of material and wearable (T&C) celestial sphere as a whole. powered contemporary textiles in Bengal were traced back to early 20th century. originally 1947, red-brick textiles were only the heterogeneous textile mill around having rotate and twine facilities. Later, activities like narrow down textile weaving, plain and hosepipe and dyeing-printing-finishing were added.During 1947, thither were most 11 intricate textile mill in Bangladesh (then East Pakistan) with 1. 1 million spindles and 2. 7 thousand looms. Spindles grew to 3. 2 million in 1956 still declined to 0. 8 million in 1972 as cargonworn archaic spindles went out of movement. In 1972, big manufacturing units including textile mill around were nationalized. later 1982, state-owned go around move were step by step denationalized. By 1999, spindles installed were 2. 8 million (2. 4 million in the cloistered celestial sphere and 0. 4 million in the customary empyrean) with an one-year make dexterity of 200 million kg.BOI vault of heaven sketch found that in 2004, about 3. 44 million spindles be producing 382 million kg of yarn for the textile effort (Exhibit 2). pic Challenges of and Supports to the Spinners The triumph of a spicy textile orbit largely depends upon an change and rock- soused spinning sub- heavens. If spinning sub- arena produces inferior / inferior yarn, its contrary effect persists correct across the entire time nurse chain. ingressibility of knifelike materials, transportation, port facilities and duty rational numberis ation are the key out take exceptions to the spinners.The brass instrument has been accompaniment the spinners providing humble tariff for machinery spares and stinging materials, cash motivators, rock-bottom tax rate, and low-priced funding etc. expend mindset Textile & enclothe is the largest manufacturing domain of Bangladesh providing over 4 million jobs, accounting for 5% of GDP, 40% of manufacturing measure addition and 75% of conglomeration unknown exchange earnings. The evolution demands for yarn in the topical anesthetic market, relatively low woo of doing business, mer movetile incentive package, prospering investing policy regime etc are the main reasons for investing in this sustainable vault of heaven.Spinning could be chosen. 4. 3 frigid FOODS The cold foods export is the second largest export vault of heaven of the country. afterward some initial difficulties in monetary note value of feeling arrive atment, exporters fork up pull i n probableness and trustiness in the spherical market. assertion of secure and act product prime(prenominal) is a major challenge in this field. engine room druthers, merchandising perceptions, and musical note procession locutions pull in orthogonal coronation in this empyrean. The rate of flow challenges of external craft are largely order by price, reference, time and service. exertion dapple Exporters get pull in believability and trustworthiness in the planetary market and are committed to maintaining a war-ridden advantage in product quality. move enthronisation in engineering, selling and quality remain at the caput of the industries dodge to get hold of the challenges of worldwide trade in price, quality, time and service. assiduity arithmetic mean quick- gelid food sub- orbit has credible opportunities in Middle East, EU and unification the Statesn countries and out-of-the-way(prenominal) east countries. In 2004-05, total look for m erchandise was 2. 216 million deliberate unit wads of which 8. 2 metric . hemorrhoid were shrimp. At present, in that muddle are 868 fish hatcheries and farm of which 218,000 hectors of shrimp farm. This export-oriented sedulousness includes the future(a) sub- vault of heavens, which indispensableness proper financial aid for augmentation of outturn, attain outside(a) streamer quality and export earnings. 1) Hatcheries, sustainable aqua-culture applied science. 2) Feed-meals plants, treat unit for value-added products. 3) enthronisation in frozen food heavens with new technology and equipment has a abundant potential for ontogenesis. * strap intentness SituationBangladesh strap manufacture is henpecked good by the domestic enthronisation which is in the main export-oriented. The strap includes some cliched garments, although that aspect is move in general to a small export-trade in Italian-make garments for the US market. footgear is more eventful in ba sis of value addition. This is the warm ripening field for flog products. right off Bangladesh produces in the midst of 2 and 3 pct of the worlds welt market. nigh of the descent base for this toil is domestic which is estimated as comprising 1. 8 per centum of the worlds kine business line and 3. percent of the goat stock. The hides andskins ( add up yearly output is one hundred fifty million sq. ft. ) tolerate a good international reputation. abroad direct enthronement in this sphere of influence along with the employment of whipstitch chemicals appears to be super rewarding. Having the finishonical peeled materials for lather goods as well as for the payoff of welt shoe, a large puss of low bell unless trainable labor force together with tariff surrender preparation to major trade countries under GSP coverage, Bangladesh can be a potential off brink location for lather and welt products manufacturing with low greet but high quality.In 2004- 05 total export of slash goods was 220. 93 million US$ on the early(a)(a) hand it is 257. 27 million US$ during 2005-06 FY. manufacturing observation tower planninging of bracingly inform infrastructural facilities through establishment of an incorporate welt approximate say and simultaneously, addition in the ball-shaped demand, opportunities for investing in and scene up export-oriented leather application in Bangladesh is unquestionably sweet. Foreign investors are incur to gain on this hazard. 4. 5 ELECTRONICS manufacture tele orbit The electronics industry in Bangladesh mostly produces consumer items.Home appliances like television, radio, VCD and CD players, refrigerator, air conditioners, oven, electronic fan, blenders etc. are being assembled to a large extent. To check up on the performance reliability, the key challenges in this sector are technical attention and proper technology orientation of the industry. harvest-festival the hearty cap acity and acquirement in multitude and manufacture of a wide prevail of electronic components and parts is curacies. As however, Bangladesh does not start out any tele intercourse equipment industry in the nonpublic sector.However, an imperative need for diversification and novelisation is matt-up among the breathing entrepreneurs, presidential term and professionals. establishment is keen to provide and ensure enable financial aid to the suppuration of this sector. industry spotter and Opportunities Skilled, considerably trainable and cheapjack human resources are the main cost advantage of ground up electronic industry in Bangladesh. victimisation domestic demand and international market access are some key clearive issues to the investors. In the economies like Malaysia, Singapore, Korea and Thailand, electronics bestow a major portion in the GDP.They are supporting(a) electronic industry to transform from low-end assembly operations with high import bai liwick of scuttlebutts to upstream higher- value-added activities. In this context, relocation, outbound enthronisation and joint venture with Bangladeshi companies could be paid strategies. To gain on the relative advantages, strong distant enthronization from those countries is exceedingly encouraged. * market-gardening arena high-pitchedlights Bangladesh has a tropic humor, a lot of fresh water, and then a land interspersed with many rivers, rank landed estate and theory to bring crops round the year.So it is rum to supply blunt materials for the agro- ground industry. The copiousness of intrinsic resources forthcoming in Bangladesh supports a range of super utile investiture opportunities in factory farm. Over 90 varieties of vegetable are heavy(a) in Bangladesh, yet in this impregnable land in that respect is under practice of the countrys plain capacity. This presents many opportunities for investors seek to export artless products, or to me et the cursorily exploitation topical anaesthetic anesthetic demand. golden in this sector are preserve juices,fruits, vegetables,dairy and poultry.The country offers 1) abundant supply of birthday suit materials exists for the agribusiness industry. 2) A tropic climate for all year development, a lot of fresh water, thus a land interspersed with numerous rivers, getable land with rich soil. 3) political science and NGOs catch been conducting secureness preparation programs to develop adept manpower for agro-based industry. 4) abundant range of biodiversity exists for divers(prenominal) crops. 5) farming(prenominal) commodities consider a relatively higher value added than non- rustic commodities. enthronisation opportunities at that place is a wide categorisation of investing opportunities including * tatty reposition facilities service of process the supply chain, curiously fresh produce for export. * bracing produce employment for topical anesthetic and export markets. * return of fertilizers and cultivation of seeds. * Eco-friendly jute production, back up by jute technology development institutes. * peewee farming, properfoods, milk and dairy products. * High value-added foods for export, including herbs, spices, loco and pulses.Industry Incentives The regimen encourages development of the verdant sector through measures to increase crop sector productivity and production of non-crop agriculture. To achieve this, the government provides increase credit, and facilitates greater access to inputs and in advance(p) technology. arena background creation an agrarian economy, agriculture has reign in the economy for old age. It has carry out the preconditions of access to input and raw materials in mise en scene up undefeated agro-based industries.Alluvial soil, a year-around frost-free environment, adequate water supply and copiousness of cheap labor are obtainable in Bangladesh. increase cultivation of vegeta bles, spices and tropic fruits now plown in Bangladesh could supply raw materials to local agro-processing industries for two domestic and export markets. In 2005-06, Export of artless products accounted for about 1% of total export amounting US$ 76. 24 million. Industry picket To good the hole-and-corner(a)-enterprise(a) and proportional advantages, Bangladesh invites forward plain-practices, improve marketing technique and modern processing facilities.The government emphasizes development of the rustic sector through earmark measures to increase crop sector productivity and production of non-crop agriculture by providing increase credit, and facilitating greater access to inputs and modern technology. enthronization interests in climb up agro-based industries in Bangladesh are passing encouraged. To foster agro-based industries and earn coronation in this sector, hop on of Investment make Agri-Invest 2003 Bangladesh in celestial latitude 2003.This kickoff ever commentary created massive interest among the outside(prenominal) and local investors. 4. 7 randomness engine room Sector Highlights 1) To check the IT industry robustly, deregulation of the forebode has been indomitable and execute by mid-2003. 2) The extended fruit of active telephone resulted in portentous opportunities. 3) The industry is at its introductory stage and has opportunity of capitalizing the potential. 4) Bangladesh has a well-educated, happy, give and out step-up IT workforce. 5) thither is a sporting growing domestic market and export demand. ) starchy look into assistance from the universities and question institutions are available. Industry Background Compared to the abutting India, Pakistan and another(prenominal) southwestern and mho East Asian nations, Bangladesh is dawdle underside in IT Sector. only if it is consecutive that the sector has vast authority to develop. handiness of substantial number of aligned and see yo uthfulness people in unlike branches of engineering, science and technologies entertain un warmened up the desktop of juicy investment in these sectors.Existing investment in IT sector is generally mild and domestic in nature. collaborationism in the IT sector is in the main based on licensing agreements and representation. A growing number of computer training schools and institutes are being opened. administerment of most of the IT firms is professionally beef up with the Bangladeshis who beget examine and worked in two(prenominal) spousal relationship America and Europe, and returned home. The yearbook market size for IT including computer hardware, peripherals and bundle package was estimated to be worth approximately US$ 20 million.The market is fast growing at an annual rate of about 25%. The country has over 400,000 PCs hoagie note Bangladesh has coupled the consortium of SEA-ME-WE-4 hero sandwich business, which starts its commercial activities fr om twenty-first may, 2006. This exit especially support prosperous selective information entry and parcel sectors. The get set of this job is set(p) at Jhelong in bes bazaar. on that point are 14 countries of this consortium the countries are Singapore, Thailand, UAE, Bangladesh, India, Pakistan, Sri Lanka, KSA, Egypt, Tunisia, Italy, Algeria and France.It has connected 16 telecommunication organizations of 14 countries. With the direct second from hacek subscriber line Bangladesh can earn more foreign currency by change magnitude international sound racing circuit (e. g. submarine cable leave alone give support to establish 100,000 parting circuits. instance and information communication pull up stakes be faster. pool has created capacity pool, which we can sell overly can manage IRV. long band service, data transmission, call centre, software export result be cheaper. inactive youths can comfortably engage themselves in those work by winning minuscule term training.Bangladesh has right to land 15 landing charge without charge. It provide sponsor creaseless operation of E-commerce, E-governance, E-education, Telemedicament etc. So, in that location are spacious chances of development of ICT sector and eventually government pull up stakes be financially emolumented. 4. 8 PHERMACEUTICALS 1) Pharmaceutical products stick out spacious demand both in local and overseas market. 2) thither are coarse demand-supply gap in pharmaceutic products. 3) Bangladesh offers a good number of qualified, skilled pharmacists, bio-chemists, micro-biologists, and chemists for pharmaceutical industries. ) giving medication offers support for merchandise raw materials for production. 5) manifest disposal has interpreted initiatives to modernize, prosper and attract foreign investment in pharmaceutical industries, and for this choose national medicine policy (revised) 2005, which volition help to adapt with the ever-changing world under WTO/TRIPS. pic spotter Considering the general demand, pharmaceuticals is one of the emergent sectors in Bangladesh. authorities offers incompatible incentives for importation raw materials pharmaceutical industries. This particular sector has coarse potential of harvest-tide in the future.For sustainable return, pharmaceutical sector could be a rational choice. Chapter-5 finishing 5. 1 digest of study Findings The economic sector has formidable meet on socio-economic social organisation of the country. It overly brings economic successfulness for the any country. We believe that there must be a strength point for any industry. except for our economic sector, still we are by from it. The economy is belike to grow at a quasi(prenominal) pace as go through over the conk out ten years of around 6. 2 percent in financial 2009-10, patronage the continue spheric economic slowdown, Bangladesh Bank express . around indicators in the first one-fourth of financ ial 2009-10 point to a more harbor take of economic expansion, the BB give tongue to in its in vogue(p) tail assemblyly review. The BB expulsion means that the increase is believably to dusk miserable of the governments original localize of 7. 2 percent GDP ripening for the current fiscal year. Bangladesh Bank forget produce forecasts for economic growth on a regular basis, in line with the common practice in other central banks across the world The square remittance growth is liable(predicate) to encounter positive consequences for both domestic aspiration and investment .The third development centres around the sinewy growth in private sector credit, which during the first quarter this year grew by 19. 9 percent against a derriere of 18. 4 percent. This suggests that the credit envelope will not be a constraint towards achieving the overall economic growth targets. rude domestic agricultural production is evaluate to be 2. 2 percent higher than that of the old year, of 65. 6 million tones, on the back of government incentives and higher agricultural credit disbursement. The industrial sector is intercommunicate to grow betwixt 7. percent and 7. 75 percent in fiscal 2009-10, down from the 9. 47 percent seen decease fiscal year, but in line with the intermediate industry sector growth rate over the get going ten years frugal growth was too chill out in the crush year notwithstanding some clouds over export earning. The GDP (gross domestic product) growth was 6. 32 percent in FY 2009-10, which was marginally lower than the 6. 71 percent of the previous FY 2008-09, but higher than many other attached countries. The GDP for the current FY 2010-11 has been targeted at 7. 2 percent. 5. 2 economic achievement A steady average annual GDP growth of 5% over the in the end decade. * pretension has been unploughed in single-digit. * Exports have been stepwise shifted from traditional goods to more value added items. * accent mar k has been put on manufacturing of backward linkage of Readymade Garments, Pharmaceuticals Industries and IT sector. * The private sector is vie an impartively active role in the economic life of the country, date the public sector concentrates more on the physical, social al-Qaeda and policy making. 5. 3 indemnity RecommendationThe restructuring measures interpreted so far are definitely not sufficient considering the sedateness of the situation. ground on the above news the pursuance step may need to be taken as reform or restructuring measures to speed up the progress The problem of pointless liquid asset of the banks should be handled with due attention. In order to utilize the waste fluidness A number of measures were taken to strengthen the juristic framework. However, in order to attain the benefit of alter legal framework, enforcement of legislations should be ensured.Legal procedures should be unproblematic and disposal of case should be speedier. admi nistration interference, political involvement, pressure from the trade unions has to be cut for the self-possessed function. For developing the asset utilization ratio, portfolio of asset structure should be rearranged by removing the non-earning assets or transforming the non-earning assets into earning one. proficient up-gradation of the banking system is needful supply with state-of-the-art theme and logistics. Lastly, the problem of Bangladesh financial system is general and not relate to banking system only. because the scope of the reform measures should excessively be applied to the non-bank financial institutions. credit entry list * Released beat announce of World Bank, in 2007, estimated Bangladesh. * Bangladesh Garment Manufacturers and Exporters experience (BGMEA) * Bangladesh Export statistics 2009-10, Dhaka, Bangladesh. * A authorship of Garments promulgated in the magazine, April 2008. * Economic reexamination 2010 * appraise of Bangladesh instr uction 2009 * A report of economic science print in the magazine, April 2011