Lol.
"Despite the Corona epidemic, Bangladesh has achieved great success in exporting consumer electronics products. In the first nine months of the current financial year (July 20-March 21), the volume of electronics exports increased by almost eight and a half times over the same period of the previous year to $12.38 million."
I have bolded the figure to make everyone understand what we are talking about. By the way it is really $12.38 million not billion.
Yes, Bangladesh has conquered the consumer electronics market the world over. Lol.
For reference, India is no where near Bangladesh in this respect with only about 1000 times at $11.28 billion in exports.
Electronics exports from India can potentially rise from $11.28 billion in 2019-20 to $180 billion in 2025.
India's domestic production of electronics was valued at just $70 billion.
What a tiny market that is, compared to world beater Bangladesh.
12.38 million is such a huge number that it deserves a thread about Bangladesh prowess in manufacturing electronic goods. Lol.
Yeah everything in India should be Billions!
Like listening to Carl Sagan. Why not Trillions?
Bhakts using their mouth cannons...
The point of my post was not how much home-made electronics India supposedly makes or exports. It was about the fact that Panty-waist Bhakts have their panties in a knot over Bangladeshi exports to India and they are calling for boycotts. When clearly Bangladeshi products are far better quality (world class) compared to Indian products.
I am sure it will take a few more years for us to catch up to India in exports or sales - given India has a twenty five year lead and all the infra it did not have to build, that Sahib had built already.
Fret not - all exports will be taken from India, just like we took away apparel business, one by one.
If bhakts were real competitors - they'd try harder to compete by improving quality, not diss or bad mouth Bangladesh. But what else can be expected of Bhakts...any underhanded trick that works.
Let's take an example of Godrej, your number one maker of Kanjoos style fridges (175 liter micro-mini size for your aam janta) and Aircons.
Even for aircons, their production capacity is somewhere around 12 lakh per annum. Or thereabouts. This for a company founded in 1897 (by a non-Hindu) and doing business all over India, Africa and Middle East for the last hundred plus years.
There are single companies in Bangladesh that easily have 25% of this capacity for Aircons. In a market one-eighth the size.
And they offer 600-700 litre capacity fridges which is common in Bangladesh. While Godrej has few fridges on offer above 255 litre size.
Heck-
Walton itself has capacity to make 10,000 fridges A DAY.
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Made in Bangladesh refrigerators dominate market
Jagaran Chakma
Just a decade ago Bangladesh was almost fully dependent on import to meet its demand for refrigerators. But the situation has reversed, with about 80 percent of the demand now met by locally-manufactured ones.
Walton has shown the path by setting up a manufacturing plant in 2008, and in 2016 has even started manufacturing compressors, the vital component of refrigerators.
Transcom, Minister, Vision, Jamuna, Singer Bangladesh, and Samsung have joined Walton: they are either manufacturing or assembling refrigerators locally. Higher electricity generation has also helped the sector to grow fast.
In 2018, refrigerator sales were about 22 lakh units, up 10 percent year-on-year, according to industry players.
The sector has been growing at double-digit for the last five years, they said.
To cash in on the rising demand, Butterfly Marketing, the local distributor of Korean LG, has announced plans to manufacture LG’s refrigerators in Bangladesh with a view to providing quality products at a reasonable price.
“The manufacturing facilities are ready and we will go for trial production by this month,” said M Tanvirul Alam, head of factory operations of Butterfly.
Butterfly has invested $55 million, which is equivalent to Tk 460 crore, to set up the facilities.
Initially, 700 units of six models will be manufactured per day against the capacity of 1,400 units, he said.
Walton’s manufacturing capacity has reached to 10,000 units per day, said its Deputy Director Augustin Sujan.
According to him, Walton manufactures more than 150 models of refrigerators in the price range of Tk 10,000 to Tk 70,000.
Transcom Electronics started to assemble refrigerators in 2014 and have a plan to go for full-fledged manufacturing from next year, said Saikat Azad, head of marketing of Transcom Digital.
Vision Electronics, a sister concern of Pran-RFL Group, has also been manufacturing 75 models of refrigerators at its factory in Palash upazila, Narsingdi, established in 2016.
Kamruzzman Kamal, director for marketing at Pran-RFL Group, said they manufacture 1,000 units every day.
Another Korean electronics giant Samsung partnered with Fair Electronics to establish a manufacturing plant in Narsingdi in 2018. The plant has manufacturing capacity of 400,000 units per year.
Never seen the brand in India. Please don't tell me Banglas are chest thumping about being an OEM supplier to various brands around the world.
Unlike bhakts - we have no desire to chest thump over refrigerator statistics.
But yes local companies are supplying OEM goods to global brand-names (leading ones).
More importantly - they are all going into backward integration to have a stronger basis on exports.
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