Dhaka, Jan 20 (UNB) - A five-member delegation representing Bangladesh business sector led by FBCCI Senior Vice President Sheikh F. Fahim attended this year’s ‘Vibrant Gujarat Global Summit 2019’, a highly successful annual showcase meant chiefly to attract investment to the prosperous North Indian state.
Organized by the Gujarat Provincial Government, the three day summit concluded on January 20, 2019. Indian Prime Narendra Modi, who initiated the Vibrant Gujarat series during his 13-year stint as the state’s chief minister, returned to inaugurate this year’s summit on Friday.
Prime Ministers from five countries and cabinet members from 15 different countries took part in the inaugural ceremony. Some 20 national chambers of commerce, spanning countries from Saarc, Asean, EU, Australia and Africa sent delegations.
Sheikh Fahim made a presentation on ‘Political -Economic Development of Bangladesh 2009-2018 and Vision 2041 of FBCCI’ during a session on the third day.
Fahim, managing director of Obsidian Bangladesh Ltd, also highlighted the significant transformation of Bangladesh into a technology and knowledge based economy with over 7.68% GDP growth.
The FBCCI leader also briefed about the private sector’s role in the fast growing development process of Bangladesh. Plus of course, the FBCCI’s Vision 2041was held up as well.
Dhaka, Jan 20 (UNB) - The International Plastic Fair (IPF) 2019 ended here on Sunday with a call to provide more support for the promotion of use and export of plastic goods.
“Currently, we have only 0.06 percent share in the global plastic market. We can take it upto 3 percent if we can get policy support from the government,” said Jashim Uddin, president of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA), while addressing the concluding function at Radisson Hotel in the city.
Commerce Minister Tipu Munshi, who was the chief guest at the concluding session, assured the industry owners of providing all necessary support to boost the export of the sector.
He said plastic can be an alternative to wood and help reduce deforestation.
The BPGMEA organised the four-day IPF at the International Convention City, Bashundhara which began on Thursday. Companies from over 19 countries participated in the expo to showcase the local and international plastic products.
BPGMEA officials claimed that the annual expo attracted a huge number of visitors from home and abroad.
Responding to a demand of the manufacturers and exports, the Commerce Minister said his ministry will discuss the issue of providing cash incentives to plastic goods exporters.
He, however, urged the plastic goods manufacturers to make more efforts to use recycled plastics in their manufacturing process. "We need to recycle used plastic to avoid environmental hazards. It’s also necessary to start a process to collect plastic products," he said.
Tipu Munshi said CIP status will be given to plastic business leaders. “The government will allocate a fund of Tk 10 crore to set up an institute for education on the plastic industry.”
Over the last two decades, the plastic industry has become an important industrial sector in Bangladesh, said Jashim Uddin.
The growth of the plastic industry has a multiplying effect on numerous important sectors of the economy while the government has also given priority to this sector.
“IPF, the only and most professional exhibition, is now one of the biggest events among the South East Asian nations,” he said, adding that the expo helps increase plastic sector investment, market size and exports nationally and globally.
It also increases plastic use, the BPGMEA President said. “We hope in the near future, this sector will contribute much to the national exchequer through its outstanding performances.”
Dhaka, Jan 20 (UNB)- The country’s electronics giant ‘Walton’ has recently increased the guarantee period of its’ fridge’ compressors to 12 years from 10 years.
The guarantee facility will be effective from Sunday for the customers of Walton fridges all over the country.
Walton authorities came up with the announcement in a programme at its conference room of Corporate Office in the capital on Saturday.
Over 100 engineers of this plant received higher trainings from Europe and then they are producing ‘Made in Bangladesh’ world class compressors, along with various sorts of necessary parts and components, the officials said.
“Now, Walton is planning of exporting compressors to the overseas fridge manufacturers. Already, a good amount of spare parts that are produced in Walton Compressor Manufacturing Plant has been exported to Europe,” they noted.
At the event, speakers said that the long-term performance of fridges largely depend on the quality of its compressors. The compressors will provide long-time service when its system function and accuracy will be ensured, mentioning it they said that thus Walton has brought more perfection in the cooling and accuracy system in its compressors. HFC-free globally recognised environment-friendly R600a refrigerants have been used in the compressors of Walton fridges.
The compressors used in Walton refrigerators will provide services more than the guaranteed period, if the customers follow the user guidelines properly, speakers said.
During transportation or placement, the fridges should not be careened more than 30-degree angles. In Addition, customers should start fridge minimum two (2) hours later after the transportation, they added.
Dhaka, Jan 18 (UNB) - Bangladesh Honda Private Limited (BHL) on Friday launched two new models of motorcycle for the country’s market at a ceremony in the city.
The company's managing director and CEO Yuichiro Ishii launched the bikes -- Honda Livonia and Dream Neo—both of 110cc at Bangabandhu International Conference Center.
During the inauguration ceremony, Yuichiro Ishii said the two models are well-established global Honda’s updated models with 110cc Honda Eco Technology engine in the segment as the first locally-made bikes, manufactured at its new factory in Munshiganj in November of the last year.
“The Dream Neo and Livonia will be available in every Honda showroom from tomorrow (Saturday),” he added.
The Japan automobile giant Honda in November last inaugurated its motorcycles manufacturing plant in Bangladesh.
The plant, which was set up for Tk 230 crore on 25 acres of land in the Abdul Monem Economic Zone (AMEZ) in Munshiganj aiming to hit the market with the ‘Made-in-Bangladesh’ theme.
Dhaka, Jan 18 (UNB) – A large number of visitors thronged the Dhaka International Trade Fair 2019 on Friday, the second holiday since it started on January 9.
Majority of visitors thronged the stalls displaying home appliances, kitchenware, toys and food items while traders were seen happy and expressed satisfaction over the rising trend of crowds coming from different parts of the capital and its adjacent areas.
Besides, many children were seen enjoying different rides in the children park while many of the visitors came to the fair just to hang out.
While taking to UNB, exhibitors expressed satisfactions over the Friday’s crowed as they have been expecting a record sell this year.
Aminul Islam, a sales executive of Billal Fashion, said huge buyers visited their stall on Friday. “We hope that we will be able to sale more products than the previous years.”
“Although many visitors were seen hanging on the fairground, we have been able to sell highest number of products on Friday in compare to the last 10 days,” he added.
Murad Nobi, chairman of Forum for Development Association, said, “I have bought a jute-made ‘jainamaj’ (prayer rug) for only Tk 80. Everyone should buy jute made products instead of plastic products to bring back the golden era of jute.”
However, Kamal Hossain and Sadia Akter, a newly-wed couple, came to the fair just to enjoy the day, said the husband adding, “We got married in November last and came to visit the fair upon her (wife) request.”
“We did not buy anything yet. We will decide after visiting the fair… bur cosmetic items and food are on the list,” he added.
Ruhul Amin, a representative of Kaniz Enterprise, said, “We are getting good responses compared to the last years.”
Cooking items are being sold like hotcake, he added.
“Huge number of visitors is coming to the fair… so, hopefully, we will be able to sell more this year,” he also said.
Asma Khanom, a visitor from the city’s Mirpur area, said she had bought several melamine plates and a dish along with some food items.
When asked about why did she chose to visit the fair, Asma told this correspondent, “There are options to choose from many alternatives and also the price remains reasonable here.”
PRAN-RFL Group Marketing Director Kamruzzaman Kamal said, “We have received huge response from buyers as all of our products are better than other manufacturers… our price is also reasonable.”