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Bangladesh textile industry

Its ppt of bangladesh textile industry , all the advantages to setup textile industry

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Bangladesh textile industry

  1. 1. Subject: Business envoirnment Prof: Ganpat Prajapati
  2. 2. Group members Name Pooja V. Desai Stevie X. Vales Pooja A. Desai Jigar M. Solanki Deepika V. Jethwani
  3. 3. Bangladesh Textile Mills Association (BTMA) Presents Opportunities in Bangladesh Textile Industry for Investment From MNC’s
  4. 4. Introduction  Tremendous industrial growth  Availability of lowest manpower  Sourcing world class fabrics and finished clothes
  5. 5. Objectives  To promote trade in textile and apparels  To expand market access  To establish a market information system  To promote the development of policies supportive to trade  To provide an institutional framework for the development of textile industry  To enhance private sector involvement in regional policy formulation and implementation
  6. 6. Ready Made Garments Industry •Growth oriented. •Largest exporting industry. •Contribution towards GDP. •Employment generation. •Social development.
  7. 7. New Markets •The RMG started exporting to new market. •Growth opportunity. •WTO listed Bangladesh as 5th clothing exporter.
  8. 8. Uniqueness •Highest RMG exporting country. •Competitive pricing is the unique revenue strategy. •Competitive advantage on cost of labor. •EPZ manufacturing and lower cost of energy.
  9. 9. • back-end bottlenecks • supply of gas for electricity generation • welfare schemes and participatory decision • technology and skill upgrading • EU GSP rules • Governsment policies for Foreign Investments GOVERNMENT
  10. 10. •48th largest economy •Economy growth rate by 6-7% •Deposit rate 9.65% ECONOMIC
  11. 11. BANGLADESH CORPORATE TAX POLICIES  Standard rate of corporate tax in Bangladesh is 27.5%  Publicly Traded Company 27.5%  Non-publicly Traded Company 37.5%  10% rebate on tax
  12. 12. Technological  National science and technology policy  It gives direction to Science and technology  The National Council for Science and Technology (NCST)
  13. 13. Export policy  The sector share of RMG export  In 1980 EPZ was established  76% of country’s export earning from textile and apparel.  export worth nearly $5billion p.a.  6th largest apparel supplier to US and EU countries. Year Approx % 1995 17 2003 40
  14. 14. Human Resources  45% of all industrial employment  Contribute 5% to the total national income  4 million people are employed mostly women
  15. 15. Geography  Textile and apparel firms in Bangladesh are mostly concentrated around the capital city of Dhaka
  16. 16. Why in Dhaka Region ? •International Communication available • Easy for buyers to visit, inspect etc. •Trained technical manpower easily available • All financial institutions H.Q in Dhaka •Five to six hours travel time to Chittagong by road •Utilities such as gas, electricity, water availability better
  17. 17. The Stand Out Factors • The world's second biggest exporter of clothing • Excellent transportation • Availability of raw materials • Adequate sources of energy • EPZ- primary objective, 8 EPZ’s, benefits and BEPZA • Market coverage's – duty free access to Canada, Norway, Japan, New Zealand and Australia • Cheapest labour force
  18. 18.  8.Duty Free Access to US  9. Investment Guarantee : Foreign Private Investment (Promotion and Projection) Act 1980 , OPIC"s (Overseas Private Investment Corporation, USA) , Multi-national Investment Guarantee Agency (MIGA)  10. The International Centre for Settlement of Investment Disputes (ICSID)  11. FDI- in 2011, FDI was $1136.38m.. 13.75% up in 2012  12. Bank interest@ 7% for financing exports