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Ceramic industry faces hurdles but still booms

By The Economist
The ceramic industry in the country is facing challenges like GSP suspension, high import duty on raw materials, and hike in gas tariff. But even than companies like Shinepukur Ceramics Limited, which is a member of Beximco Group and RAK Ceramics (Bangladesh) Ltd. are doing quite well.

Beximco Group particularly played a major role in development of the sector. This industry faced a lot of changes for last some years but still it is developing day by day. The local ceramics industries can supply 78% of local demands and it is able supply 100% of demands. But this industry may face much difficulty due to high import duty of raw materials, hike in gas price hike. And if authorities reduce such duty, then ceramic industries will be able to fulfill the local demand of tiles. The country imports the raw materials for ceramic industries from India, Japan, Thailand, Vietnam, Germany and New Zealand.

The ceramic companies in the country need to assume the proper market strategies in a bid to compete in domestic and international markets.

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