Hide business goes down for capital crisis
Tuesday, 19 October 2010
Our Correspondent
RANGPUR, Oct 18: Hide business in Rangpur district is facing acute crisis of capital and as a result hide traders are being compelled to forsake their business.
According to sources, a total of 150 hide traders of the district have already closed their business due to lack of capital resulting in 6,000 workers engaged in this trade rendered jobless.
While visiting Shapla Chattar Chamra Potti area of Rangpur Sadar most of the hide godowns were found closed while some turned as showrooms of auto bike and electronic goods.
Leaders of District Hide Traders' Association of Rangpur said there were 200 hide traders in Rangpur and out of them 150 traders have already left their business and others passing days in anxiety.
They also alleged that the tannery owners and wholesalers of Dhaka and Natore do not pay their arrears timely which hampers their business. A total of Tk 2.5 billion due is yet to be recovered from them.
On the other hand, there is no easy bank loan facility available for their business.
Abul Kashem (55), a former hide trader of Rangpur Sadar said that he had been running his business for 30 years but he never got any loan from bank. Moreover, about Tk 5.0 million of arrears which he could not recover from the tannery owners of Dhaka and Natore. Finding no other way he was forced to give up the business.
President of District Hide Traders Association Rangpur Abdul Latif Khan said the traders have to borrow the required money for their business at a higher rate of interest due to absence of easy bank loan. Moreover, many hide traders have lost their interest in this business because of uncertainty in recovering arrears.
He apprehended that if they are not able to recover the due money before Eid-ul-Azha the trade will incur a huge loss and consequently the syndicate of smugglers will take the advantage of the situation.
Grape cultivation growing
Another report says: Grape cultivation is gradually gaining popularity in the northern districts. Grape growers are earning well by selling their produces. According to the agriculturalists the soil and climate of Rangpur, Dinajpur, Thakurgaon, Panchagarh and Nilphamari districts are suitable for grape cultivation.
The local growers say that proper training and financial and technical assistance can pave the way for large scale commercial production of grapes across the northern region. It would be financially beneficial to the farmers if they could cultivate grape of commercial basis, they added.
At present grapes are cultivated only by a limited number of people due to non availability of required seeds and other facilities.
A grower said that he had been cultivating grapes in his home for a couple of years and selling them at a good price.
RANGPUR, Oct 18: Hide business in Rangpur district is facing acute crisis of capital and as a result hide traders are being compelled to forsake their business.
According to sources, a total of 150 hide traders of the district have already closed their business due to lack of capital resulting in 6,000 workers engaged in this trade rendered jobless.
While visiting Shapla Chattar Chamra Potti area of Rangpur Sadar most of the hide godowns were found closed while some turned as showrooms of auto bike and electronic goods.
Leaders of District Hide Traders' Association of Rangpur said there were 200 hide traders in Rangpur and out of them 150 traders have already left their business and others passing days in anxiety.
They also alleged that the tannery owners and wholesalers of Dhaka and Natore do not pay their arrears timely which hampers their business. A total of Tk 2.5 billion due is yet to be recovered from them.
On the other hand, there is no easy bank loan facility available for their business.
Abul Kashem (55), a former hide trader of Rangpur Sadar said that he had been running his business for 30 years but he never got any loan from bank. Moreover, about Tk 5.0 million of arrears which he could not recover from the tannery owners of Dhaka and Natore. Finding no other way he was forced to give up the business.
President of District Hide Traders Association Rangpur Abdul Latif Khan said the traders have to borrow the required money for their business at a higher rate of interest due to absence of easy bank loan. Moreover, many hide traders have lost their interest in this business because of uncertainty in recovering arrears.
He apprehended that if they are not able to recover the due money before Eid-ul-Azha the trade will incur a huge loss and consequently the syndicate of smugglers will take the advantage of the situation.
Grape cultivation growing
Another report says: Grape cultivation is gradually gaining popularity in the northern districts. Grape growers are earning well by selling their produces. According to the agriculturalists the soil and climate of Rangpur, Dinajpur, Thakurgaon, Panchagarh and Nilphamari districts are suitable for grape cultivation.
The local growers say that proper training and financial and technical assistance can pave the way for large scale commercial production of grapes across the northern region. It would be financially beneficial to the farmers if they could cultivate grape of commercial basis, they added.
At present grapes are cultivated only by a limited number of people due to non availability of required seeds and other facilities.
A grower said that he had been cultivating grapes in his home for a couple of years and selling them at a good price.