Bangladeshi products are getting international recognition

Along with readymade garments sector; IT, ceramics, pharmaceuticals, footwear, banking and healthcare sectors of Bangladesh are increasingly grabbing attention of the international market. There are some key factors behind this such as top class training of human resources, export diversification, large foreign and local investments, adapting modern technology and the dynamic change in the local corporate culture.

Mizanur Rahman, Marketing Director of Square Pharmaceuticals stated in a discussion that a big number of their products are in a very high demand in the international market as it has the quality to compete with any recognized international brand.

Bangladesh is currently ranking at number 2 in the leading readymade garment exporting countries of the world. According to Mr Abdus Salam Murshedy, former president of Bangladesh Garments Manufacturers and Exporters Association, there are more than two hundred local apparel companies regularly exporting high quality products. Some companies are exporting top quality woven fabric as well. He stated that Bangladesh has the quality to compete with any other textile mills in Asia.

Senior Vice President of Bangladesh Association of Software and Information Services (BASIS), Shameem Ahsan, said in an interview that there are a few local companies who made their mark in the international market in software and IT sector. These companies have been competing with Indian, Chinese and American companies. A Bangladeshi IT firm named Reve System has sold its VoIP software solution products all across the globe. Tiger IT has completely taken over the biometric device market in Bangladesh overthrowing some big international names.

Bangladesh can export even more products and get more investments if issues like energy crises and frequent strikes can be taken care of. More international appreciation and acceptance are expected in the next five years time.