Bangladesh Economic & Infrastructure Development - Updates & Discussions

[Mage]

Yes... now we are talking ....you are the man ......You are the emperor yes
You can also empire my country
We acknowledge you we accept you but please punished that we took it too long to accept you by FART
Please my King we need punishment
Ruined us destroy no and show no mercy on us
We need to be destroyed by your FART.

By the name of the holy farts, you are forgiven, my boy.

 

[JohnWick]

By the name of the holy farts, you are forgiven, my boy.

Now I can die die in piece Mama.???

 

[MD Raihan]

The way things are going we'll probably offer SEZs to Afghanistan, Burundi and Liberia as well.

And Pakistan too. Bangladesh is the economic tiger of south Asia.

I would respectfully differ with you.

The rate at which new electronics and motorcycle plants are opening up now, these mirror the exact pattern of that in Vietnam say three to five years ago before the export boom started. Moreover, note the backward integration of the products, which means these companies are in it for the long haul in Bangladesh with an eye on exports, and not just to make a quick buck locally.

Bangladesh and Vietnam themselves are large consumer markets, with Bangladesh having more consumer market potential because of higher population. Look at this old news....

12:00 AM, June 16, 2017 / LAST MODIFIED: 12:07 AM, June 16, 2017
Samsung starts manufacturing locally

Koo Yeun Choi, group leader for global strategic business at Samsung Electronics; Taeho Park, division head of consumer electronics at Samsung Southwest Asia; Seungwon Youn, managing director of Samsung Electronics Bangladesh, and Saifur Rahman, director of Transcom Group, open a liquid crystal module production line of Transcom Electronics in Dhaka yesterday. Photo: Transcom Group

Star Business Report

South Korean electronics giant Samsung yesterday officially opened two factories in Bangladesh to manufacture five home appliances to cater local markets.

The plants, where LED television, refrigerator, air conditioner, washing machine and microwave oven will be produced, have been set up in joint venture with local Transcom Group and Fair Electronics.

Transcom Electronics inaugurated a new state-of-the-art liquid crystal module production line in the capital recently.

The factory is currently run by 100 engineers but it will create further job opportunities in Bangladesh, Transcom Electronics said.

“We have taken this huge endeavour and significant investment considering Bangladeshi customers' benefit,” said Yeamin Sharif Chowdhury, head of business of Transcom Electronics.

The initiative will ensure the availability of genuine Samsung TVs in the country at affordable prices, said Seungwon Youn, managing director of Samsung Electronics Bangladesh.

“Our cooperation with Transcom will always go hand in hand and we believe that this will generate scope for technological development in the TV industry in Bangladesh,” he added.

The LCM line was inaugurated by Saifur Rahman, director of Transcom Group, along with KooYeun Choi, group leader of Samsung Electronics's global strategic business department, Taeho Park, division head of consumer electronics at Samsung Southwest Asia, and Youn.

The plant, which spans 18,000 square feet in the capital's Mohakhali area, started manufacturing televisions on a test basis from last month.

Industries Minister Amir Hossain Amu along with the officials of Samsung Electronics attends the foundation laying ceremony of a plant of Fair Electronics at Shibpur of Narsingdi yesterday. Samsung and Fair Electronics opened the plants jointly. Photo: Fair Electronics

Some 13 models of televisions -- all of which would be less than 55 inches -- will be manufactured at the plant, with some of the components brought in from Vietnam.

Samsung currently has five distribution partners in Bangladesh and the factory will supply televisions to them.

The existing market for televisions stands at about ten lakh units a year. Of the sum, branded products account for 40 percent.

The other factory that was inaugurated yesterday will be run by Fair Electronics.

The plant, located in Shibpur of Narsingdi, was inaugurated by Industries Minister Amir Hossain Amu, ICT State Minister Zunaid Ahmed Palak and Korean Ambassador Ahn Seong-doo.

The plant will manufacture 4 lakh units of refrigerator, 2.5 lakh units of microwave oven, 1.2 lakh units of air conditioner and 50,000 units of washing machine every year, according to Fair Group.

The factory will employ about 3,000 people.

This post made my day

 

[Nilgiri]

Yup, they have the factory in Karawang, West Java. In Indonesia, people mostly ride Honda or Yamaha. I think TVS is mostly well known with these model.

Lot of reviews are out there for TVS in Indonesia:

Here's the factory inside Indonesia:

@Arulmozhi Varman @Marine Rouge

 

[Nike]

Lot of reviews are out there for TVS in Indonesia:

Here's the factory inside Indonesia:

@Arulmozhi Varman @Marine Rouge

TVS in Indonesia factory cater more for export actually

http://www.tvsmotor.co.id/newsbrief.aspx?id=42

 

[Bilal9]

And Pakistan too. Bangladesh is the economic tiger of south Asia.

Agreed.

There are plenty of Pakistani companies (exporters) that have relocated to Bangladesh SEZ's in the last two decades. They did so because of power supply irregularities in Pakistan. They are mainly involved in Home textile production (bedsheets, drapes) and also towels both of which enjoy huge markets worldwide.

Pakistani exporters are mainly located in Chittagong Patenga SEZ as well as main Dhaka Savar SEZ. The latter location also has many Pakistani textile engineers involved in Bangladeshi textile companies (especially at Beximco Textiles).

So Bangla is going to become super power........??????

One motorbike factory does not equate to a superpower. More on point, What is the SEZ situation in Pakistan and investment scenario by global auto majors in those SEZ's? Any vehicle or two wheeler exports from Pakistan to global markets?

 

[Bilal9]

In Japan, you see there are many local manufacturers of electronic goods. It's not like they only let Sony expand and compete with foreign brands. They have companies like Toshiba, Fujitsu, Canon, Sony and many more to locally compete with each other. In Korea too, they have a Samsung and to rival that they have LG which is also a global player. I'm sure they have other local competitors as well.

Competition locally is a healthy thing. It makes the manufacturers to keep looking for new and better way of production. And If there are many companies, it is easier to persue the govt for friendly policy making as well. Local competition will lead to development of better goods. Walton is now at a stage that it thinks they are the best in BD. But cannot compete against the likes of Samsung. But if there were many such brands like Walton then they would be compelled to try harder to enhance their quality to survive in the market. And with enhanced quality they would do better in foreign markets as well.

Garments sector is doing good in BD because BD has so many large, medium and small sized garments who has to compete with each other for orders. If there were only one mega garments, things wouldn't be like that.

Bangladesh corporates would do well to replicate the Japanese Keiretsu and Korean Chaebol structures for larger companies. They were the forces behind the massive economic miracles in Japan and Korea in the latter half of the last century.

Keiretsu:
https://en.wikipedia.org/wiki/Keiretsu

Chaebol:
https://en.wikipedia.org/wiki/Chaebol

While we are at it, we should also study how Germany encourages their small and medium sized enterprises (SMEs) to maintain a global competitive edge. These companies in a group are called 'Mittelstand'.

https://en.wikipedia.org/wiki/Mittelstand

These subjects are too voluminous to discuss and outside the scope of this thread, wikipedia is helpful in this regard.

 

[Mage]

Bangladesh corporates would do well to replicate the Japanese Keiretsu and Korean Chaebol structures for larger companies. They were the forces behind the massive economic miracles in Japan and Korea in the latter half of the last century.

Keiretsu:
https://en.wikipedia.org/wiki/Keiretsu

Chaebol:
https://en.wikipedia.org/wiki/Chaebol

While we are at it, we should also study how Germany encourages their small and medium sized enterprises (SMEs) to maintain a global competitive edge. These companies in a group are called 'Mittelstand'.

https://en.wikipedia.org/wiki/Mittelstand

These subjects are too voluminous to discuss and outside the scope of this thread, wikipedia is helpful in this regard.

This is quite a thought provoking post Bilal, Bhai. I didn't know about these concepts.

Maybe @Nilgiri can give some insights on what effects these can have in countries like Bangladesh, India etc.

 

[TopCat]

This is quite a thought provoking post Bilal, Bhai. I didn't know about these concepts.

Maybe @Nilgiri can give some insights on what effects these can have in countries like Bangladesh, India etc.

Mr. Muhit frequently talked about this concept. Nothing new.

 

[Mage]

Mr. Muhit frequently talked about this concept. Nothing new.

Well, new for me. I don't keep track of what he says.

 

[Viet]

@Viet @Viva_Viet , Bangladeshi snobs are quite envious of Vietnamese development ....please excuse them, their biggest company just delayed its export target of 1 billion dollars by 10 years.....so its back to same ole FDI = bad.

I actually think Bangladesh makes great progress recently. Vietnam is a bit ahead though.

Vietnam's export was more than 50 billion back in 2008. By 2013 it had surpassed 100 billion. And their exports were not as dependent on textiles. So no BD's situation is nothing like Vietnam of three to five years ago. Vietnam had FDI inflows of more than 20 billion back in 2013. BD can barely surpass 2 billion in 2018. Vietnam is what we should look into. But we are nowhere near as competent as them, we need to understand that.

Bangladesh might be a large consumer market. But I only see people preferring foreign brands. Indian motorbikes dominate the motorbike market. People prefer Chinese phone over Walton or Symphony. Only for refrigerator Walton has good share in the market. But still those with money would rather buy a whirlpool fridge over a Walton one.

One news of Samsung manufacturing locally doesn't make much change. They are manufacturing to meet local demand they won't be able to export from here..... Vietnam was in so much better position even 10 years ago in terms of manufacturing electronic goods.

Vietnam probably exports 250 billion USD this year. Some people think that is huge but is in reality a disappointment. But luckily we are on the move. With the recent accords TPP and Europe, Japan and Germany led trade pacts, Vietnam exports would reach $500 billion in 5 years and $1 trillion within a decade.

 

[SBUS-CXK]

Yup, they have the factory in Karawang, West Java. In Indonesia, people mostly ride Honda or Yamaha. I think TVS is mostly well known with these model.

It looks very good. What's the price?

 

[Mage]

Vietnam probably exports 250 billion USD this year. Some people think that is huge but is in reality a disappointment. But luckily we are on the move. With the recent accords TPP and Europe, Japan and Germany led trade pacts, Vietnam exports would reach $500 billion in 5 years and $1 trillion within a decade.

1 Trillion exports????? Only US, China and Germany do that...

If Vietnam can...then certainly that's a thing to applause.

Bangladesh has plans to increase exports to $60 billion by 2021...which imo will fail. They may reach $50 billion tho. Which would equal Vietnam's export of 2008..lol

I have a feeling exports might reach $45 billion for BD this year. Since the growth has been quite high compared to recent years.

 

[Viet]

1 Trillion exports????? Only US, China and Germany do that...

If Vietnam can...then certainly that's a thing to applause.

Bangladesh has plans to increase exports to $60 billion by 2021...which imo will fail. They may reach $50 billion tho. Which would equal Vietnam's export of 2008..lol

I have a feeling exports might reach $45 billion for BD this year. Since the growth has been quite high compared to recent years.

Vietnam crushes the armies of France, America and China in series, reaching $1 trillion in export is just like playing in the kindergarten. The Chinese believe China is the last country that will get industrialized. We will prove they are wrong. Vietnam aims to export more industrial products. One example:Vinfast begins to roll out domestic car brands by next year. If the company sells 1 million pieces such as this SUV, $50,000 apiece, our export volume wil increase by $50 billion. If 10 million are sold, like the Germans and Japanese,then $500 billion

Having said that, I think Bangladesh has great potential, the country should continue investing more in infrastructure and education and everything else come with the time. Most important things: no fanatics beliefs, political stability, open markets and little economic restrictions.

 

[Mage]

Vietnam crushes the armies of France, America and China in series, reaching $1 trillion in export is just like playing in the kindergarten. The Chinese believe China is the last country that will get industrialized. We will prove they are wrong. Vietnam aims to export more industrial products. One example:Vinfast begins to roll out domestic car brands by next year. If the company sells 1 million pieces such as this SUV, $50,000 apiece, our export volume wil increase by $50 billion. If 10 million are sold, like the Germans and Japanese,then $500 billion

Having said that, I think Bangladesh has great potential, the country should continue investing more in infrastructure and education and everything else come with the time. Most important things: no fanatics beliefs, political stability, open markets and little economic restrictions.


View attachment 521849

Well good luck I guess.