Tap Potentialities of Bangladeshi Electrical Industry
3 Pages Posted: 29 Nov 2011
Date Written: November 17, 2011
Electrical industry is one of the most important business sectors of Bangladesh. It has been identified as a "booster sector" in the SME Policy Strategy-2005 and a "thrust sector" in the National Industrial Policy-2010. Currently, this sector in producing export substitute products worth about Tk 150 billion against the local demand of Tk 200 billion per year. There are about 2500 electrical enterprises producing 75 types of electrical products in Bangladesh.
There were a few electrical companies in Bangladesh before independence in 1971 these were Sun Shine Cable Industry, Ever Shine Cable Industry, Facto Industries Limited, Gazi Ware Limited and General Electric Company etc. From 1972 to '78 some courageous entrepreneurs came forward to invest in the electrical industry of Bangladesh. Eastern Cables, Shihan Cables, Uzzal Plastic Industries, Shamol Electric Industries, General Electrical Industries, Tritorit Industries, MEP and Comrade Backlight Industries Limited are some of the well known names.
During 1978-86 this sector attracted about 1000 more investors. Currently, there are about 2500 companies producing electrical goods. Electrical sector of Bangladesh can be divided into sub-sectors based on the type of products. Such as electric fan, electric cables, light fittings, backlight, electric motor, generator and transformer, and electricity distribution equipments sub-sectors.
Keywords: Electrical Industry of Bangladesh, EEE, Bangladesh, BEMMA
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