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Bangladesh Economic & Infrastructure Development - Updates & Discussions

Bilal9

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The video quality is not good.
I agree. Smog was pretty bad plus it was shot from a drone. in Winter there is smoke haze which covers most of the subcontinent. Caused by people burning wood to stay warm.

But I had no issues with playback.
 

Bilal9

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Local toymakers elbow out Chinese imports

Industry insiders estimate the market size of the toy industry is no less than Tk6,000 crore and local toy manufacturing companies have already captured 80 percent of the market share.

Women make toy rifles in a toy making factory at Kamrangirchar on the outskirts of the capital. This plastic replica of the AK-47 is a very popular toy among children, especially among the boys. The photo was taken recently.



On a February morning, a group of eight women were busy assembling assault rifles AK-47, one of the world's deadliest weapons in the 21st century, on the second floor at a factory in Kamrangirchar on the outskirts of Dhaka.

Moni Begum, one of the workers, was fully occupied with fitting different parts such as pipes, springs, magazine locks, triggers and gas tubes on the rifles, while others were tightening small-sized black screws into the rifle with an automated hand-held screwdriver which was buzzing continually.

On the rifles, there was a warning sticker inscribed in capital letters: DO NOT SHOOT AT ANY HUMAN OR ANIMAL.


Photo: Noor A Alam/TBS.

Scared? The nearly two-feet long assault rifles are actually made of plastic. But they are flamboyant. The buttstock, heatshield and the pistol grip are a rife yellow colour while the main body and magazine are black.

This replica of the AK-47 is a very popular toy among children, especially among boys.

Everest Toy Industries Limited, one of the country's leading toy manufacturers, produces around 2,000 pieces of AK-47 rifles daily. The company is also manufacturing replicas of other assault rifles, ambulances, racing cars, buses and mobile phones.

"Approximately 60 percent of all our toys are guns. We are producing around 10 lakh pieces of guns annually," said Shahjahan Majumder, one of the owners of Everest Toy Industries Limited. The company has two factories with more than 400 workers and produces 200 types of toys for children.

Shahjahan is also the president of Bangladesh Toy Merchants Manufacturers and Importers Association, the apex body of the toy industry.


This replica of the AK-47 is a very popular toy among children, especially among boys. Photo:TBS

"Different companies prioritize different products. We have chosen guns," Shahjahan told the correspondent, adding, "When this product used to be imported from China, the price of an AK-47 was around Tk.200. Our wholesale price for this gun is Tk.80."

Everest Toy Industries Limited is not the only toy factory in this business. Almost 150 small and large factories are making toys which were completely import-dependent nearly 10 years back. Industry insiders estimate the market size of the toy industry is no less than Tk.6,000 crore. Local toy manufacturing companies have already captured 80 percent of the market share.

"We are now making the products we once imported from China. These are all copied from Chinese toys, which were unknown to us two decades back," Shahjahan said, sitting at his desk surrounded by an array of toys in his wholesale shop at the Chawkbazar area.

Shahjahan told us that more than 1,500 types of toys are being made in the country's local factories.

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API park to be ready by June for Bangladesh pharma industry
Bangladesh Pharmaceutical companies hope they will be able to start producing raw materials of medicines in 2022.



Bangladeshi pharmaceutical companies will see the existing intellectual property fees on imports of raw materials for medicines go up following the country's graduation from the least developed country status. This elevation is expected to lead to a rise in production costs and push the pharmaceuticals industry into a crisis.

Stakeholders concerned, however, hope that the sector will be able to ward off the challenge by starting production of the necessary raw materials in the Active Pharmaceutical Ingredients (API) Industrial Park even before the LDC graduation.

Syed Shahidul Islam, project director of the API Industrial Park, said all the infrastructure of the pharmaceutical industry park would be completed by June this year.

"Work on a section of the Central Waste Treatment Plant (CETP) will also be completed during this period. Companies that have been allotted plots can start production of raw materials in the industrial park after this June if they want," he told The Business Standard.

Some 27 companies have obtained plots for setting up factories in the industrial park, he mentioned, adding, "Of those, constructions of the Acme and Health Care factories have come a long way. These factories are expected to go into production by 2022."

Pharmaceutical companies concerned also have expressed the hope that their factories will be able to start production in June 2022.

Rafiqul Islam, company secretary of Acme Laboratories, said construction work on the Acme factory building would be completed by December this year. "It will take some more time to complete other preparations, including setting up capital machinery. We hope we will be able to start production in June 2022."

The UN Committee for Development Policy (CDP) on 28 February this year made final recommendations for Bangladesh's transition to the status of a developing country after reviewing the country's position in three indices –per capita income, human resource development and economic and environmental vulnerability. As per the recommendations, the country will get official recognition as a developing country in 2026.

Because Bangladesh is currently a least developed country, pharmaceutical companies here do not have to pay intellectual property rights to the institutions that have developed particular medicines.
The API-producing countries are offering this facility to curb rises in drug prices in poor countries. And taking advantage of this facility, the pharmaceutical industry of Bangladesh now stands on a solid foundation.

At present, the country's pharmaceutical industry market has surpassed Tk25,000 crore with an annual growth of over 10%. The sector's annual export earnings are also over Tk1200 crore.

However, Bangladesh is importing 97% of the raw materials of the pharmaceutical industry through open patent facilities.

According to existing rules, the country will no longer enjoy this facility once it graduates to the developing country status.

Experts think the pharmaceutical industry of the country will face serious challenges when this facility is no more there.

"After LDC graduation, our pharmaceutical industry will be in trouble. It will not be able to survive in the export market by buying raw materials at higher prices, as the API Industrial Park is not ready yet", said Professor Rehman Sobhan at a seminar organised by the Centre for Policy Dialogue on the impact of LDC-graduation on businesses.

However, Shahriar Alam, state minister for foreign affairs, said that the API Park was ready. "Now the companies can go into production if they want," he said quoting Salman F Rahman, private sector industry and investment adviser to the prime minister.

On a recent visit to the pharmaceutical industrial park under construction at Gazaria in Munshiganj, The Business Standard found that construction of necessary infrastructures, such as the development of plots, construction on roads, drainage system, power transmission line, power sub-station, main and sub-lines for supplying water, had come to an end.

Construction work on the Central Waste Treatment Plant (CEPT) has also started.

Project Director Shahidul Islam said investments in the API Industrial Park had been exempted from all types of taxes, including income tax and value-added tax (VAT) till 2032.

The 27 companies that have got plots in the industrial park include Square, Beximco, Incepta and Acme. A maximum of 10 acres and a minimum of 5 acres of land have been allotted for each of the companies.

However, in the case of companies that will be allotted plots later, plot sizes will be smaller.

The API park project got approval of the Executive Committee of the National Economic Council (Ecnec) in 2008. After several revisions of its completion deadline and cost, the project is now scheduled to be completed in June 2021 at a cost of around Tk400 crore.
 
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Bilal9

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Bangladesh to emerge as automobile industry hub by 2030: Humayun

Humayun said Bangladesh is creating domestic demand in the automobile industry and increasing the export capacity of domestically produced automobile products.



Industries Minister Nurul Majid Mahmud Humayun today said the government has taken a plan to make Bangladesh as a regional automobile manufacturing hub by 2030.

"To achieve the goal, the government is giving utmost importance to the development of automobile industry. The automobile industry entrepreneurs should come forward more to this end," he said.

The minister said this while speaking as the chief guest at the inaugural function of manufacturing world-class air-conditioned bus and commercial bus bodies and truck cabins at IFAD Autos Limited Bangladesh, said a press release.

Humayun said Bangladesh is creating domestic demand in the automobile industry and increasing the export capacity of domestically produced automobile products.

He expressed the hope that the automobile industry would play an important role in achieving the Sustainable Development Goals (SDGs) by 2030 and building a better income country by 2041.

Humayun said IFAD Autos Limited has been making significant contributions to the country's transport sector for almost three decades.

Due to the quality, he said, the products of IFAD Multi Products of IFAD Group are being exported to 32 countries across the world.

Since its beginning, he said, IFAD Group has been able to gain the trust and confidence of the general public by marketing good quality products.

State Minister for Disaster Management and Relief Dr Md Enamur Rahman, Lawmaker Benjir Ahmed and Chairman of the Bangladesh Trade and Tariff Commission Munshi Shahabuddin Ahmed attended the function as special guests.

IFAD Group Chairman Iftekhar Ahmed Tipu presided over the function.
 

ar45hi

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Local toymakers elbow out Chinese imports

Industry insiders estimate the market size of the toy industry is no less than Tk6,000 crore and local toy manufacturing companies have already captured 80 percent of the market share.

Women make toy rifles in a toy making factory at Kamrangirchar on the outskirts of the capital. This plastic replica of the AK-47 is a very popular toy among children, especially among the boys. The photo was taken recently.



On a February morning, a group of eight women were busy assembling assault rifles AK-47, one of the world's deadliest weapons in the 21st century, on the second floor at a factory in Kamrangirchar on the outskirts of Dhaka.

Moni Begum, one of the workers, was fully occupied with fitting different parts such as pipes, springs, magazine locks, triggers and gas tubes on the rifles, while others were tightening small-sized black screws into the rifle with an automated hand-held screwdriver which was buzzing continually.

On the rifles, there was a warning sticker inscribed in capital letters: DO NOT SHOOT AT ANY HUMAN OR ANIMAL.


Photo: Noor A Alam/TBS.

Scared? The nearly two-feet long assault rifles are actually made of plastic. But they are flamboyant. The buttstock, heatshield and the pistol grip are a rife yellow colour while the main body and magazine are black.

This replica of the AK-47 is a very popular toy among children, especially among boys.

Everest Toy Industries Limited, one of the country's leading toy manufacturers, produces around 2,000 pieces of AK-47 rifles daily. The company is also manufacturing replicas of other assault rifles, ambulances, racing cars, buses and mobile phones.

"Approximately 60 percent of all our toys are guns. We are producing around 10 lakh pieces of guns annually," said Shahjahan Majumder, one of the owners of Everest Toy Industries Limited. The company has two factories with more than 400 workers and produces 200 types of toys for children.

Shahjahan is also the president of Bangladesh Toy Merchants Manufacturers and Importers Association, the apex body of the toy industry.


This replica of the AK-47 is a very popular toy among children, especially among boys. Photo:TBS

"Different companies prioritize different products. We have chosen guns," Shahjahan told the correspondent, adding, "When this product used to be imported from China, the price of an AK-47 was around Tk.200. Our wholesale price for this gun is Tk.80."

Everest Toy Industries Limited is not the only toy factory in this business. Almost 150 small and large factories are making toys which were completely import-dependent nearly 10 years back. Industry insiders estimate the market size of the toy industry is no less than Tk.6,000 crore. Local toy manufacturing companies have already captured 80 percent of the market share.

"We are now making the products we once imported from China. These are all copied from Chinese toys, which were unknown to us two decades back," Shahjahan said, sitting at his desk surrounded by an array of toys in his wholesale shop at the Chawkbazar area.

Shahjahan told us that more than 1,500 types of toys are being made in the country's local factories.

I mean..
IMG_20210307_210602.jpg
 

Bilal9

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Purbachal New Town will have one of Bangladesh' first few smart cities. And discussion about development partners in Bangladesh.

Dhaka Capital Development Authority (RAJUK) has taken initiative to set up a 320 km water supply line to make the Purbachal New City project habitable. The project will cost Tk. 592.39 crore to install pipeline network and 15 deep tube wells along the road alignment. The period of infrastructure development work of this project has been fixed for 2019-2023. And the period of operation and maintenance has been fixed from 2020 until 2033. If the project is implemented, there will be few obstacles for living in Purbachal project. The project has already made significant progress in infrastructure, roads and electricity services.

 
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Shorisrip

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The plan for economic corridors under the Delta Plan 2100 is the most promising development in our post independence history IMO (if it materialises). There is no other country that can to compare to Bangladesh in being so well suited to channel its rivers for economic development.

The Padma-Jamuna river system and the eastern coastline i.e., Gaibanda-Goalanda-Ramgati-Chandpur-Mirsharai-Patenga-Cox's Bazar Corridor can be the National (Principal) Economic Corridor. It can then be branched out as (a) Hatibanda-Gangachara-Gaibandha along the Teesta river, (b) Iswardi-Goalanda along the Padma river, (c) Kushtia-Gopalganj-Khulna-Mangla along the Madhumati-Pasur river link, (d) Chandpur-Barishal-Paira along the Kirtonkhola-Paira river link and (e) Fenchuganj-Bhairab Bazar-Chandpur along the Meghna-Kushiyara river link as five regional economic corridors. Then, there will be local connectors along other rivers, highways and railways corridors. The whole system thus provides an economic grid connecting the whole country as a comprehensive economic hub, imagining 2050-Bangladesh as a mega-Singapore. Looking into the Delta Plan this option looks promising.

 
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Paul2

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Tell me what are rates for factory labour in your country?

What is a salary of:
  1. Mechanical engineer 3-4 years work experience
  2. Mechanical engineer fresh grad
  3. Electronics engineer 3-4 years work experience
  4. Electronics engineer fresh grad
  5. Assembly line worker 3-4 years experience
  6. Assembly line worker random man from the street
  7. Software developer 4-5 years experience
  8. Office worker hr/financial
  9. Office worker shipping/logistics
What is the price of industrial property, and land?

What is the price of utilities?

How mature is the supply chain? How easy it is to get hands on components, etc?

How fluid is the labour market? How fast can you hire people listed above?

How fast it is for a foreign company to setup there?

How easy it is to get into industrial parks with concessionary tax rates?
 

Shorisrip

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Tell me what are rates for factory labour in your country?

What is a salary of:
  1. Mechanical engineer 3-4 years work experience
  2. Mechanical engineer fresh grad
  3. Electronics engineer 3-4 years work experience
  4. Electronics engineer fresh grad
  5. Assembly line worker 3-4 years experience
  6. Assembly line worker random man from the street
  7. Software developer 4-5 years experience
  8. Office worker hr/financial
  9. Office worker shipping/logistics
What is the price of industrial property, and land?

What is the price of utilities?

How mature is the supply chain? How easy it is to get hands on components, etc?

How fluid is the labour market? How fast can you hire people listed above?

How fast it is for a foreign company to setup there?

How easy it is to get into industrial parks with concessionary tax rates?
A bit simplistic but engineers average about 1000-3000 $/per month. Entry level ones may make a little less while senior engineers with extensive experience make more than this typically. Software/web/misc ICT developers probably average 500 or up (hard to say since it's full of freelancers). Office workers are entry level 300 to 500 a month, more experienced folks of course are getting paid more. Assembly workers typically are paid 200ish $ a month, but the minimum wage is 100 $.

Technically, one is able to buy any property, and convert it into industrial land, but assuming you're only talking about already established SEZs and EPZs, It varies from land to land. But for e.g. land in the Mirsarai economic zone and adjacent, which is close to the ports is about 0.30-1.75 $ per square meter annually or 15.00-30.00 $ per square meter one-time pay depending on if already developed or not.

There are tax concessions in industrial zones. If export-oriented products are being made in those types of areas, then no tax needs to be paid for a period of 10 years. After 10 years, the tax rates also become relatively minimal vis a vis other businesses. Utility-wise, its fairly cheap, and government subsidizes parts of it in export oriented industrial lands. A more detailed plan of the Mirsarai economic zone is shown here.

Labour market-wise, its easy to hire and replace both blue collar and white collar workers, obviously the former is much easier to do since the workforce is so large. Supply-chain wise, it is fairly easy to get hold of most supplies in industries like textiles-garments, agro-food-processing, cement, steel etc, especially in industrial zones. Foreign companies would typically take 2-4 months to fully set-up, but depends on a number of parameters.
 
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Shorisrip

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Is it net, or gross?
Gross, but net income would be mainly the same, since income taxes are pretty low in Bangladesh, and a lot of people don't even pay. There are also bonuses that some receive during holidays like Eid or Durga Puja.
 

Paul2

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Gross, but net income would be mainly the same, since income taxes are pretty low in Bangladesh, and a lot of people don't even pay. There are also bonuses that some receive during holidays like Eid or Durga Puja.
Does the figure include things like social security/pension payments, and etc?
 

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