Tapping Potential of Light Engineering Clusters
The Financial Express, August 29, 2015
3 Pages Posted: 31 Aug 2015
Date Written: August 29, 2015
Light engineering is known as the mother of heavy industries. There is no universal definition of light engineering industry. It usually refers to the small and medium enterprise (SMEs) with comparatively lower capital investment and operating with manual to semi-automated machinery. There are about 40,000 light engineering entities in Bangladesh with about US$ 14.28 billion investment. About six million people are directly or indirectly dependent on this sector. We will identify locations of light engineering clusters in Bangladesh, products they used to produce, raw materials used by the light engineering clusters. We are going to discuss problems of light engineering clusters in Bangladesh and recommend ways forward.
Keywords: Light engineering clusters, Cluster based SME development, Light engineering sector of Bangladesh, SME Cluster Development
JEL Classification: C38, O1, O11, O12
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