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Old February 19th, 2011, 08:43 PM   #161
mirzazeehan
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Garment exports to go big
Refayet Ullah Mirdha

Garment exports will rise further in coming months, as manufacturers have already bagged bigger orders than before.

Most garment units are booked for several months, mainly due to a shift of international buyers to Bangladesh from China, the largest apparel supplying country globally.
"The garment exports will increase thanks to the EU's relaxed rules of origin under the generalised system of preferences," said Jalal Ahmed, vice-chairman of state-owned Export Promotion Bureau.

"The trend indicates that our garment export will grow even higher. Besides, we have developed quality high-end products for some new export destinations such as Japan," Ahmed said.

Recently, the exports of garment items, the highest export earning sector in Bangladesh, increased in some new destinations such as Japan, South Africa, Canada, China, India, Australia, New Zealand and to some Latin American countries.

The government data shows Bangladesh exported knitwear worth $5.07 billion during the July-January period of the current fiscal year, registering 43.22 percent growth compared with the same period a year ago. In the seven-month period, the country exported woven garments worth $4.38 billion, a 39.09 percent rise.

In the same period, the total exports were $12.19 billion against the $10.27 billion target. The annual export target has been set at $18.5 billion for fiscal 2010-11.

Abdullah Al-Mahmud, managing director of Mahin Group, a leading garment maker, said the higher growth of garment exports will continue in the next few months also, because the buyers are flocking to Bangladesh for higher costs of production in China.

The higher prices of raw materials, such as cotton and yarn, are also increasing the export earnings, as the buyers are paying high to help the makers cope with the costly imports, he said.

Bangladesh needs to import most of the raw materials for its garment industry.

"My factory is booked for the next few months. Demand for the local fabrics has gone up as the rules of origin came to effect from January 1, for the EU market."

"There is no possibility of a fall in order in the next few years," said Momin Mondol, managing director of Mondol Group.

Mondol, who supplies to some brands of Turkey, one of the leading players in apparel business worldwide, said the Turkish buyers are also coming to Bangladesh due to higher production costs there.

Shahadat Hossain Kiron, managing director of Dekko Group, said many manufacturers are expanding their capacity because the international buyers are now coming with bigger orders


Source:http://www.thedailystar.net/newDesig...php?nid=174744
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Old March 7th, 2011, 07:24 PM   #162
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Exports to cross $22b mark: minister

Star Business ReportExports will cross the $22 billion mark surpassing the year's target, as the country has already earned $12 billion from over-seas trade in the first seven months of the current fiscal year, said Commerce Minister Faruk Khan yesterday.

The export target for fiscal 2010-11 was fixed at $18.5 billion, the minister said adding that exports grew by 39.85 percent in the first seven months, compared with the same period of the last fiscal year.

The minister was speaking at a ceremony of the Junior Chamber of Commerce, Bangladesh (JCI) at the city's Brac Centre Inn auditorium. The minister reiterated that the prices of basic commodities are still lower in Bangladesh compared with other countries.

Ceremonial chains were handed over to the six presidents of six chapters in Bangladesh of JCI, including Ahmed Ashfaqur Rahman (Dhaka-East), Mahib Ekram (Dhaka-West), Mahbub Manik (Dhaka-Central), Rehana Parveen (Dhaka-North), Mustafizur Rahman Sohel (Dhaka-South) and Abdul Moin (Chittagong-Central).

Three memoranda of understanding (MoU) were signed between Sandhani Dhaka Medical College and Prottoy Medical Clinic Limited at the ceremony.

Shahid Uddin Akbar, JCI Bangladesh national president, presided over the ceremonial event where Shafique Alam Mehedy, civil aviation and tourism secretary, MA Rouf Chowdhury, an FBCCI director, and Syed Alamgir, principal director of ACI Limited, also spoke.

http://www.thedailystar.net/newDesig...php?nid=176801
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Old March 7th, 2011, 11:54 PM   #163
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Quote:
Originally Posted by nayeem007 View Post
Exports to cross $22b mark: minister

Star Business ReportExports will cross the $22 billion mark surpassing the year's target, as the country has already earned $12 billion from over-seas trade in the first seven months of the current fiscal year, said Commerce Minister Faruk Khan yesterday.

The export target for fiscal 2010-11 was fixed at $18.5 billion, the minister said adding that exports grew by 39.85 percent in the first seven months, compared with the same period of the last fiscal.

WooHoo!!Thats unprecedented!Export Target to be surpassed by $4 Billion!
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Old March 9th, 2011, 10:46 PM   #164
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Its likely that our exports that are expected to reach $22.5 Billion this year will be south asia's 2nd highest
While our yearly remittance standing at $10.9 Billion is already south asia's 2nd Highest




Exports grow 40pc

Woven garment exports grew 37.95 percent in the first eight months of the current fiscal year, compared to the same period a year ago.Photo: STAR
Star Business ReportExports grew by 40.28 percent in the first eight months of the current fiscal year, compared to the same period a year ago, the government said yesterday.

According to the Export Promotion Bureau (EPB), the country exported goods worth $14.08 billion during July-February of fiscal 2010-11, up from $10.31 billion in the same period of 2009-10.

In February alone, exports grew by 43.33 percent to $1.89 billion, compared to the same month of the previous year, according to government data.

The EPB report shows exports of major products -- knitwear, woven, jute and jute goods, home textile, frozen foods, shrimp, leather goods -- have grown significantly during July-February period.

Among the major exported products, in the first eight months of the current fiscal year, the knitwear sector earned $5.80 billion, which is a 43.93 percent rise from the same period in the previous year.

Woven garment exports grew 37.95 percent to $5.13 billion, compared to the same-year-ago-period. At the same time, products such as tea, chemical products, bicycle, furniture, engineering products and petroleum by-products showed negative growth.

However, EPB set a target to earn $18.5 billion for the current fiscal year, which is 14.16 percent more than the actual earnings last year. During 2009-10, the total export earnings were $16.2 billion against a target of $17.6 billion, which was 4.11 percent higher than the 2008-2009 earnings.

On the growth of exports of the country, EPB vice-chairman Jalal Ahmed said 40 percent export growth has been maintained over the last few months, which is a positive sign in the overseas trade of the country.

The export of jute and jute goods has been increasing thanks to higher demand, part of the reason for higher growth in exports out of Bangladesh. The export of jute and jute goods grew by 51.04 percent to $734.39 million during July-February compared to the same period of the last year.

Moreover, the exports to the EU are growing significantly because of relaxed rules of origin under the generalised system of preferences (GSP), Ahmed said. The EU's relaxed rules for the least developed countries came into effect from January 1.

Exports are increasing mainly for higher exports to new destinations and because buyers are shifting to Bangladesh from China, the largest apparel supplying country worldwide, said Abdus Salam Murshedy, president of Bangladesh Garment Manufacturers and Exporters Association.

But the steady export growth is dependent on uninterrupted supply of gas and power to the industrial units and improved port management system, he added.

Salim Osman, president of Bangladesh Knitwear Manufacturers and Exporters Association, linked the export growth to product diversification. Buyers have now more choices in Bangladesh, which was not possible earlier, he said


Source:http://www.thedailystar.net/newDesig...php?nid=177069
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Old May 1st, 2011, 11:16 PM   #165
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Good step taken by Bangladesh. We can ensure food security and as well as goodwill

Bangladesh moots sh29b rice project
Sunday, 1st May, 2011

By JOSEPHINE MASERUKA

BANGLADESH has presented a sh29.8b rice-growing project proposal to the vice-president, Prof. Gilbert Bukenya.

The project is the first of its kind under the private-government partnership.

It aims at planting 10,000 hectares of rice in Uganda from which 77,000 tones of rice will be realised annually.

The proposal was presented to Bukenya at the Kingdom of Katomi Hotel in Garuga off the Entebbe-Kampala road.

Present were the permanent secretary in the Vice-President’s office, Kivumbi Muwanga and an eight-member delegation from Bangladesh, including the honorary consul to Uganda, Abdul Hossain.

Abdul Matlub Ahmad, the leader of the delegation, said sh74b would be accrued from the 77,000 tonnes of rice annually.

“We plan to export 80% of the rice to Bangladesh and have the 20% retained in Uganda. This means about sh59b will go to Bangladesh and Uganda will retain about sh15b annually,” Matlub said.

He said Bangladesh had a food shortage of 1.5 metric tonnes, adding that if the proposal is approved and the project succeeds, they plan to set up 20 rice projects in Uganda to ensure food security.

Matlub explained that the first project would offer employment opportunities to 25,000. Of these, 2,500 would be foreign technicians who would train Ugandans, including farmers.

“Ugandans will benefit through trained manpower, improved incomes, more foreign exchange, construction of schools and hospitals and improved transportation sector,” he said.

Source: http://www.newvision.co.ug/D/8/13/753618
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Old May 2nd, 2011, 06:51 PM   #166
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why is bangladesh going to uganda, the shipping costs will add up, they can start doing the same in burma
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Old May 4th, 2011, 12:10 AM   #167
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I remember reading that Bangladesh is also talking to Myanmar about getting land for farming, but that doesn't seem to be going anywhere. But I am happy that there is some initiative taken to ensure food security for Bangladesh.
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Old May 4th, 2011, 12:25 AM   #168
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While addressing food security they need to address the lack of proper (long term) storage facilities for grains and produce. Many bumper harvests go wasted owing lack of proper storage facilities, particularly cold storage.
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Old May 4th, 2011, 02:07 AM   #169
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I had heard about this arrangement where African and Asian countries with ample fertile lands but not enough farmers were looking for investors to come in and grow crops. I heard some Gulf countries were interested in renting land in Cambodia, Laos and Vietnam to grow cereals and then import them cheaply.

The arrangement with Uganda is a good move by Bangladesh. Zaire, Sudan, Congo, etc. have so much land but their populations suffer from malnourishment year round. Sharing of crops with countries like Bangladesh is a win win situation for everyone involved
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Old May 4th, 2011, 07:51 AM   #170
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I am glad that the private sector is taking this initiative. Besides, Bangladesh has a lot of goodwill in many parts of Africa because of UN peacekeeping and NGO activities. So, it won't be difficult for Bangladeshis to set up big farms in Africa

And I do agree with Towhid Bhai that we need to improve our logistics when it comes to food storage.
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Old May 7th, 2011, 02:15 AM   #171
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Quote:
Originally Posted by tislam84 View Post
......

And I do agree with Towhid Bhai that we need to improve our logistics when it comes to food storage.
As I was saying .....

FE Editorial

This year's potato harvest, 12 to 13 million tonnes, has broken all records, once again putting the primary producers in the usual 'bumper paradox' --- prices falling so low as to turn the bounty into a veritable blight for those who have failed to reserve space in cold storage godowns. Farmers who do not have the wherewithal to store the crop are forced to sell their surplus at below production cost rather than wait for a while for a reasonable return. It is the same old story. Facilities, about 350 godowns, are said to be enough for only about a quarter of the harvest, a little over three million tonnes. But this need not be so problematic if the relevant authorities put their minds to helping the producers make the most of the bounty. Farmers can certainly go for alternative arrangements, like erecting airy bamboo shelves, which work very well to keep potatoes from spoiling.

Last year Rangpur alone harvested about 1.3 million tonnes, according to the agricultural extension department. But there being only 30 or so storage facilities available in the district, no more than 0.25 million tonnes could be stored. Frustrated potato farmers had then made news, staging a sit-in with sacks full of their produce on the main road. The purpose was to draw the government's attention to their plight and the urgent need to expand storage space for all bumper crops. The police reportedly had treated the potato farmers rather harshly. This year's potato glut amounts to over 12 million tons, according to 'primary official estimates', as reportedly in this paper late last month, and many farmers are having to sell their produce below production cost. However, there are signs that things will look up soon. Indeed, if enough value-adding enterprises like potato starch-making factories, are initiated to utilize this excellent raw material, Bangladesh could both save and earn foreign exchange, given the fact there is sufficient demand for potato starch both at home and abroad. Some 6,000 tonnes of it is imported annually to feed the country's textile, pharmaceutical and paper industries. Would-be buyers from a number of European and Asia-Pacific region are reportedly waiting for potato-starch factories to be commissioned, sooner rather than later.

There are in fact countless ways to add value to this popular root vegetable, which nutritionists say is a quality carbohydrate in which the proportion of protein is equivalent to that of wheat. It gives three grams of protein per 100 kilocalories whereas rice yields only two grams in the same amount, which is good enough reason to include plenty of potatoes ( protein content in sweet potatoes is not as good ) in the daily diet. Large swathes of people across the world, which include Europeans, enjoy potatoes as a staple together with wheat.

If small scale farmers are to get fairer returns the government has to take a number of pragmatic steps such as, facilitating the setting up of small scale agro-based enterprises that could enable even humble folk to turn their surpluses into value-added products. They could be linked-up, on equitable terms, with up-market entrepreneurs in food-processing. This would entail discouraging the indiscriminate import of similar products until they are mature enough to take on the so-called free-market competition. Believers in 'fair-trade', many of whom work in Bangladesh's non-government sector, might be of great use to the primary producers in this regard, both for ensuring quality control and accessing world markets.

http://www.thefinancialexpress-bd.co...ate=2011-05-07
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Old May 7th, 2011, 06:44 AM   #172
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I feel like Bangladesh needs a commodities exchange market to help farmers get a fair price of their products. That way, farmers can grow what the market demands.

And of course, logistics on transportation of goods and storage needs to improve!
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Old May 7th, 2011, 03:39 PM   #173
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Originally Posted by tislam84 View Post
I feel like Bangladesh needs a commodities exchange market to help farmers get a fair price of their products. That way, farmers can grow what the market demands.

And of course, logistics on transportation of goods and storage needs to improve!
A very good idea. Since it may not happen anytime soon, I believe the many NGOs whose focus is agriculture and farmers has a role to fulfill. They (the NGOs) could help educate the farmers about market forces, establish storage facilities and organize better logistics through cooperatives and other private sector endeavors.
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Old May 9th, 2011, 08:37 PM   #174
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Export earnings cross $18b in 10 months
45% growth from last year

Exports grew by 40.81 percent in 10 months of the current fiscal year, compared to the same period a year ago, the commerce ministry said on Monday.

A report of the Export Promotion Bureau shows the country exported goods worth $18,243 million during July-April of the current 2010-11 fiscal, up from $12,949 million in the same period of 2009-10.

The government data shows that in April alone, exports grew by 45.56 percent, compared to the same month of the previous year, to $2.04 billion.
Shipment of major items including knitwear, woven or cut and sew garments, jute and jute goods, home textiles, frozen food, shrimp and leather goods increased significantly during the July-April period.

A senior official of the Export Promotion Bureau said strong increase on the shipment of garments continued in April as Bangladeshi exporters had plenty of orders in hands in the last months of 2010.

‘With high cost of raw materials raising the price of finished garments, shipment in terms of value increased sharply in the past half year,’ he told New Age replying to a question.

Readymade garments consist around four-fifths of the entire export earnings. The EPB report says knitwear sector earned $7.13 billion, which is a 45.89 percent rise from the same period in the previous year while woven garment exports grew to $6.61 billion, up 38.59 percent compared to the same period last year.

The EPB report also shows that jute and jute goods export rose to $925 million in July-April 2010-11, growing 42 percent year-on-year, home textile exports rose to $636 million, growing 98 percent, frozen foods to $511 million, up 54 percent and footwear export grew by 49 percent to $243 million.

Despite most major items showed significant rise in shipment, some items suffered negative growths in exports. Among such significant items, export earning from terry towels declined by 11 percent to $102 million, bicycle 13 percent to $81 million and tea 52 percent to $2.6 million.

EPB had set an export target to earn $18.5 billion for the current fiscal year, which is 14.16 percent more than the actual earnings last year.

But export sector insiders predicted that earnings would cross $22 billion by the end of this fiscal.

During 2009-10, the total export earnings were $16.2 billion against a target of $17.6 billion but real earnings were 4.11 percent higher than the earnings of 2008-2009 fiscal year.

http://newagebd.com/newspaper1/business/18154.html
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Old May 9th, 2011, 10:52 PM   #175
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The potato dilemma is so sad in so many levels. For one, our farmers have no clue what the demand is for this crop. Secondly, they have no clue how to preserve it properly when storage facilities are not available. I mean why can't they make it into potato flour or other "Value added" product that will garner higher prices?

Our population still suffers from malnutrition and if a program is started to somehow add potato as a staple to our diet, I'm sure we can solve a lot of the hunger and nourishment issues.

I wish I had the capital to setup an industry to make and export frozen french fries, whole peeled potatoes, potato flour, hash browns, and countless other potato derivatives to bring in some much needed $$. Sylheti expatriate bros and others with crores in useless bank deposits or who are buying hyper-inflated real estate should look into these opportunities.
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Old May 10th, 2011, 02:10 AM   #176
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22 billion usd of exports would be quite an achievement for Bangladesh...a few more years,and BGMEA says we will reach 35 billion usd.Can't wait for that to happen.
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Old May 10th, 2011, 02:20 AM   #177
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22 billion usd of exports would be quite an achievement for Bangladesh...a few more years,and BGMEA says we will reach 35 billion usd.Can't wait for that to happen.
Great news and achievement for Bangladesh, but such success is yet to reflect in the higher (expensive) brands of clothing. Bangladesh still appears to be the garments supplier the masses (read: inexpensive).
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Old May 10th, 2011, 04:59 AM   #178
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I do see "Made in Bangladesh" in H&M clothes, I hope soon that tag will move to clothes sold by Banana Republic and Express.
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Old May 10th, 2011, 02:38 PM   #179
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I do see "Made in Bangladesh" in H&M clothes, I hope soon that tag will move to clothes sold by Banana Republic and Express.
Talking of H&M,I went to their outlet in dubai mall the other day and found more than 50% of their men's clothing to have the 'made in Bangladesh' tag.I was like really surprised
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Old May 10th, 2011, 04:15 PM   #180
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I do see "Made in Bangladesh" in H&M clothes, I hope soon that tag will move to clothes sold by Banana Republic and Express.
what you saying man banana republic, polo ralph lauren, abercrombie, kenzo, piere cardin, kenneth cole ny & reaction, dkny, ck, tommy hilfiger, winter jackets of lacoste have a lot of stuff made in bd, i have tons of them, check out the made in bd thread

but these are near luxury brands, most luxury brands still make a living with that "made in italy" tag

but you odda know at the end of the ralph lauren's payment
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