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 ASRAF HOSSAIN
Role of technology for
economic development in
Bangladesh-food sectore
Economy of Bangladesh
 Bangladesh has market-based economy and 46th
largest in the world in nominal terms
 33rd largest by purchasing power parity
 According to the IMF, Bangladesh's economy is the
second fastest growing major economy of 2016, with a
rate of 7.1%.
GDP (purchasing power parity) $628.4 billion (2016 est.)
GDP - real growth rate 7.1% (2016 est.)
Gross national saving 28.6% of GDP (2016 est.)
GDP - composition by sector Agriculture: 15.1%
industry: 28.6%
services: 56.3% (2016 est.)
Inflation rate (consumer prices) 5.6% (2016 est.)
Industrial production growth rate 8.4% (2016 est.)
Technology’s Role in Food Sector
New Processing/Intervention Techniques
Better Pathogen Testing Methods
Nanotechnology
Promoting local food
Access to recipes
Present Situation of Food Industry in Bangladesh
 Food industry is a rapidly growing sector in Bangladesh
 Employing 20% of the labor force in the country
 Between 2004 and 2010, the food processing industry in Bangladesh
grew at an average 7.7 percent per annum
 The sector accounts for over 22% of all manufacturing production
 Major export markets of agro‐processed products are Asia, Middle East
and Africa.
 Now about 100+ items of agro‐processed products are being exported to
140+ countries throughout the world
Forecasting about export earnings
The food processing industry is growing rapidly and opening up new
opportunities in terms of investment, technology and export
Main export food items and market share
 Bangladesh only has around 0.1% of the world share in export
of processed foods.
 In FY07-08 exports amounted to 515.48 mill USD
 81% were shrimp products, 15% fish products and only 4%
agro based products
 The export products of agro goods are mainly aromatic rice,
powdered spices, frozen snacks, puffed rice, mustard oil.
Cont……
Contribution to GDP
The USD 2.2 billion food processing sector in Bangladesh
grew on average 7.7% per annum
The beverage industry more than doubled during the same
period to US $29 million
According to BAPA export of agro-processed products from
Bangladesh increased from USD 60 million in 2010-2011 to USD
224 million in 2014-2015.
Bangladesh has remained mostly static at around 2% of the
GDP since 2004-2005
Continue……
Bangladesh Food Industries in Gross Domestic Product (in USD million)
THE PRODUCTION OF PROCESSED FOOD
 There are nearly 700 processed food manufacturing enterprises
in Bangladesh including brands like Teer, Olympia, Milk Vita,
Fresh, 7Up, Bombay, Ahmed, Bengal, Pran, Isphahani and
Igloo,Kazi firm, AG food,CP,Partex group,Meghna group.
Government Role
• Emphasizes import substitution for certain crops and food
products
• Increased private sector participation and investments in
agribusiness
• Food security for all and raising people’s nutritional status
• Export12.5% cash incentives to export of frozen shrimp and
fish
• And 20% cash incentives to export of agro processed
products are given.
Presentation on role of technology for economic development in Bangladesh
Presentation on role of technology for economic development in Bangladesh

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Presentation on role of technology for economic development in Bangladesh

  • 1.  ASRAF HOSSAIN Role of technology for economic development in Bangladesh-food sectore
  • 2. Economy of Bangladesh  Bangladesh has market-based economy and 46th largest in the world in nominal terms  33rd largest by purchasing power parity  According to the IMF, Bangladesh's economy is the second fastest growing major economy of 2016, with a rate of 7.1%. GDP (purchasing power parity) $628.4 billion (2016 est.) GDP - real growth rate 7.1% (2016 est.) Gross national saving 28.6% of GDP (2016 est.) GDP - composition by sector Agriculture: 15.1% industry: 28.6% services: 56.3% (2016 est.) Inflation rate (consumer prices) 5.6% (2016 est.) Industrial production growth rate 8.4% (2016 est.)
  • 3. Technology’s Role in Food Sector New Processing/Intervention Techniques Better Pathogen Testing Methods Nanotechnology Promoting local food Access to recipes
  • 4. Present Situation of Food Industry in Bangladesh  Food industry is a rapidly growing sector in Bangladesh  Employing 20% of the labor force in the country  Between 2004 and 2010, the food processing industry in Bangladesh grew at an average 7.7 percent per annum  The sector accounts for over 22% of all manufacturing production  Major export markets of agro‐processed products are Asia, Middle East and Africa.  Now about 100+ items of agro‐processed products are being exported to 140+ countries throughout the world
  • 5. Forecasting about export earnings The food processing industry is growing rapidly and opening up new opportunities in terms of investment, technology and export
  • 6. Main export food items and market share  Bangladesh only has around 0.1% of the world share in export of processed foods.  In FY07-08 exports amounted to 515.48 mill USD  81% were shrimp products, 15% fish products and only 4% agro based products  The export products of agro goods are mainly aromatic rice, powdered spices, frozen snacks, puffed rice, mustard oil.
  • 8. Contribution to GDP The USD 2.2 billion food processing sector in Bangladesh grew on average 7.7% per annum The beverage industry more than doubled during the same period to US $29 million According to BAPA export of agro-processed products from Bangladesh increased from USD 60 million in 2010-2011 to USD 224 million in 2014-2015. Bangladesh has remained mostly static at around 2% of the GDP since 2004-2005
  • 9. Continue…… Bangladesh Food Industries in Gross Domestic Product (in USD million)
  • 10. THE PRODUCTION OF PROCESSED FOOD  There are nearly 700 processed food manufacturing enterprises in Bangladesh including brands like Teer, Olympia, Milk Vita, Fresh, 7Up, Bombay, Ahmed, Bengal, Pran, Isphahani and Igloo,Kazi firm, AG food,CP,Partex group,Meghna group.
  • 11. Government Role • Emphasizes import substitution for certain crops and food products • Increased private sector participation and investments in agribusiness • Food security for all and raising people’s nutritional status • Export12.5% cash incentives to export of frozen shrimp and fish • And 20% cash incentives to export of agro processed products are given.