Loadshedding hinders growth of plastic sector, BPGMEA claims
Saturday, 1 May 2010
Adequate supply of power can boost both domestic and international markets of plastic goods to a great extent, which will play an important role in the country's economy.
But the country's plastic industries are now facing serious setbacks due to power crisis, claimed President of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) Ferdous Wahed.
Talking to UNB, he said power is the most important factor in the plastic industry.
"Loadshedding has really been a massacre for the plastic industry and still there is no sign of improvement," Mr Ferdous said adding that they had to often incur losses due to production cut because of loadshedding.
"There is no labour unrest and complaints about salary, as the workers are well paid. It's growing at the rate of 20 per cent to 30 per cent a year."
Mr Ferdous said that the BPGMEA in its recent budget proposal to the National Board of Revenue (NBR) suggested to include plastic industry among the highest priority sectors in export as there has been an international market of around Tk 16 billion including Tk 4.0 billion in direct form and Tk 12 billion in deemed form (indirect export).
Besides, the domestic market size of plastic goods is around Tk 40 billion.
He also demanded withdrawal of the NBR circular on 'Import Under Bond, Not For Sale', as he thinks this is an obstacle to the growth of the plastic sector.
But the country's plastic industries are now facing serious setbacks due to power crisis, claimed President of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) Ferdous Wahed.
Talking to UNB, he said power is the most important factor in the plastic industry.
"Loadshedding has really been a massacre for the plastic industry and still there is no sign of improvement," Mr Ferdous said adding that they had to often incur losses due to production cut because of loadshedding.
"There is no labour unrest and complaints about salary, as the workers are well paid. It's growing at the rate of 20 per cent to 30 per cent a year."
Mr Ferdous said that the BPGMEA in its recent budget proposal to the National Board of Revenue (NBR) suggested to include plastic industry among the highest priority sectors in export as there has been an international market of around Tk 16 billion including Tk 4.0 billion in direct form and Tk 12 billion in deemed form (indirect export).
Besides, the domestic market size of plastic goods is around Tk 40 billion.
He also demanded withdrawal of the NBR circular on 'Import Under Bond, Not For Sale', as he thinks this is an obstacle to the growth of the plastic sector.