Electrical goods export jump
Exports of electrical merchandise rose 42.34 per cent year-on-year to $41.93 million in the July to January amount of the current fiscal year, in a testament to Bangladesh's growing prowess in the technological sector.
The export receipts were $29.34 million through the same period this past year, data from the Export Advertising Bureaus showed.
Industry persons credited the initiatives of business owners and continuous advancement of products for supporting the united states widen its export basket.
"By virtue of top quality products and the work of the makers, the electrical goods market reached this level," said Rabiul Alam, director and chief executive officer of Energypac Engineering Ltd.
Energypac Engineering exports transformers and different electrical items to India, Nepal, and Malaysia.
Alam sees an excellent prospectus for the industry as the export may possibly go up in the coming times as the standard of locally made products was first improving.
Regarding to him, the caliber of the products created by Energypac Engineering is tested by simply a great internationally recognised firm.
Although the local market is expanding speedily, the export is still insignificant when it comes to volume, he said.
Companies found in Bangladesh export more than 30 types of electrical items, said Sohel Rana, ceo of Walton Electric Appliance.
The business exports electrical what to Nepal, Yemen, and East Timor and is currently in talks with the buyers in India plus some countries in Africa, the center East and Europe.
Rana said only a decade ago, the electrical items market in Bangladesh was reliant on imports. "Now, Bangladesh exports electrical items."
"We export the merchandise under our brand's name as well as the buyer's brand," he said.
KMG Kibria, assistant general supervisor of Minister Hi-Tech Recreation area, said the company was working to export electrical products.
Bangladesh exports electrical products such as cables, distribution boards, transformers, switch gears, cables, insulators, fans, warmth and speed control devices, magnetic contractors, switches, and irons.
Other export-oriented products include tube lights, filament bulbs, mild fittings, lamps, water heaters, torch lighting, and lift equipment.
