...Creation (Private) Limited is a business organization with corporate social responsibility. It focuses on manufacturing and exporting environment friendly semi-industrial and industrial items using natural jute fiber. Creation produces various Jute Products that include different types of the following: Jute Gardening Products: Different type and size of Jute gardening bags, Jute Hessian tape, Jute square sheet, Jute big roll, Jute felt, Jute geo textile, Jute braids, Jute yarn and twine (natural, bleached and colored), Basket hanger (shikka), Hammock, etc. Jute Bag: Promotional bag, Shopping and gift bag, Wine bottle bag, Christmas Gift bag, Cotton bag, Gift packing bag, and customized designs and requirement as per buyer’s requirement, etc. Jute Gift Products & Packing Accessories: Gift wrapping set in a PP, Decorative spool/ yarn, Thick Jute rope and net, Cushion Cover, Curtain, Table Mat, Napkin, Coasters, Table Running Mat, Fashion Accessories, etc. Industrial Jute Products: Jute fabric (Hessian, Carpet Backing Cloth, Fine Jute Fabric, Jute Blended Decorative Fabric, etc.), Jute packaging bags for food grade, Raw Jute fiber, etc. Other: We have also different type of coconut fiber products like Coconut Fiber Spool, Coir Pith, Geo Textile, Fiber and Felt. Its Main Export Market is in Europe, especially in Germany, Italy, Sweden, Denmark, Norway, Netherlands, Greece, Switzerland, Russia, Hungary, and also in Japan, Saudi Arab, UK and USA. It...
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...Jutex Bangladesh LETTER OF TRANSMITTAL 13 January, 2016 Dr. A.K.M Saiful Majid Professor Institute of Business Administration, University of Dhaka Sir, Enclosed is a business plan on “Jute Diversifying Product Manufacturing plant” that we prepared as the take home final business assignment for the Entrepreneurship course. we decided to conduct the plan on ‘Jute Diversifying Product Manufacturing plant’ keeping in mind the importance of market potential in Bangladesh. You approved our topic on January 10, 2016. The date of submission was set on January 13, 2016. This plan was conducted with proper authorization. The authenticity of the sources used in the report can be guaranteed. We are grateful to you for your overall cooperation throughout. We tried our best to live up to your expectation and hope that the business plan fulfills all the requirements. Sincerely yours, Nabid Hassan Kafi_______________________ Ahmed Muntasir Mahin___________________ Md. Al – Amin___________________________ i Jutex Bangladesh ACKNOWLEDGEMENT We take the privilege to extend our acknowledgement and heartfelt gratitude to our respected course instructor, Professor Dr. A.K.M Saiful Majid, who encouraged us to undertake this difficult endeavor and who has helped us all the way to the successful completion of this report with his able guidance, support and counseling. We have tried to incorporate his constructive suggestions and knowledgeable opinions in the...
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...JUTE INDUSTRY STRENGTHS: 1. Jute is a labour intensive industry, which engages 4.35 million people. 2. Jute industry has lot of potential of providing employment especially in East Indian region. Jute is an eco-friendly and biodegradable product. With the pressure from green movement, it is going to sustain through consumer's preference. 3. The industry has potential in domestic as well as international markets. 4. It provides wide variety in each product and exhibit diversified culture of India. 5. Industry caters to the different market sectors covering handicrafts, textiles and jewelleries. 6. It requires low capital investment 7. It is a great source of foreign revenue as it is a huge export industry WEAKNESSES: 1. Frequent revision of PJMA guidelines (to add or dilute items for jute packing) leaves the industry in confusion whether to invest further on the Jute technology development/product development / market expansion or wait for new policies etc. 2. Though jute industry is a labour intensive, wages represent 35 per cent of total conversion cost of jute Industry, which evades the profit margins. 3. Multi unionism is one of the major problems faced by jute industry and engages major concentration of routine management in resolving labour dispute. 4. The machinery used in jute industry is old and obsolete with age of machinery ranging between 40 - 150 years. They have lost their capacity to produce quality products and in spite of routine maintenance...
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...Executive Summary:_________________________________ Jute is a versatile, natural fiber that has been used for thousands of years to make things such as rope, twine, hessian bags, rugs, and much more. While it is still being used extensively around the world, it is not as popular as it could have been. Given the increasing focus on environmental issues these days, jute good products can be put into the lime light, as they are environment friendly. Taking in view the prospects, this is the high time to promote the export of the jutediversified products using limited resources. Although Bangladesh is famous for jute and allied fibers, garments industries swept in and have developed due to relative advantage and cheap labor cost. As there is the Multi fiber concept of merger jute with other natural and synthetic fibers, jute has bright future for using them in the various textile areas. It needs wide support for production and marketing of such diversified products. As a result, the Govt. of Bangladesh initiated policy programmed for the production of diversified jute goods through private sector. The government’s new jute policy is expected to focus on enhancement of the country’s production capacity, diversification of the product base and growth of export earnings. It would be good if it were complemented with good corporate governance practices within the remaining BJMC (Bangladesh Jute Mills Corporation) mills to ensure that both public and private mills can compete on equal...
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...Abstract: Handicrafts and Textile Handicraft business is related to the accumulation of handmade product from over the country and to sell them in retail shops or to export in another countries. People have a great passion for this type of product because it contains flavour of culture and it has a variety of design. The SWOT analysis of the Handicraft Product can help us to determine the current situation of business, challenges and gaps between demand and supply, source of raw materials and manpower, potentiality of employment, and its prospect for future. Bangladesh is a developing and overpopulated country; thus labor intensive technology can be more appreciable than capital intensive technology for the industries. Application of a large amount of low compensated workers to produce handicraft product will be beneficial for us from dual aspects. The first one is reduction in un-employment thus poverty alleviation and the second one is the earning of handsome amount of foreign currency. . The paper is concerned with narration of the themes. To prepare this paper I visited some local and export oriented handicraft organizations in Dhaka, Narayanganj etc. and discussed with the organization authorities about their business profile and production aspect. I also visited EPB, Bangladesh to get handicraft goods export data of previous fiscal years, Banglacraft and ECOTA for Handicraft business related information.IntroductionThe importance of the Textile Handicrafts and Handicraft...
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...the International Monetary Fund’s World Economic Outlook Database, India’s total Gross Domestic Product amounted to $7.376 trillion in 2014. Therefore, exports accounted for about 4.3% of total Indian economic output. Given India’s population of 1.252 billion people, its total $317.5 billion in 2014 exports translates to roughly $254 for every resident in that country. India’s unemployment rate was 4.1% in 2014. Sectors 1. Primary: Agriculture and mining (CIL , National mineral development corporation) 2. Secondary: Industry (Tata motors, Sun pharma industries, Indian Oil Corporation) * Petroleum products and chemicals * Pharmaceuticals * Engineering * Gems and jewellery * Textile * Mining 3. Tertiary: Services (Oracle TCS,Infosys) * Energy and Power * Infrastructure * Retail * Tourism * Banking and finance * Aviation * Information technology COMPOSITION OF EXPORTS Commodity group A) Primary products * Agriculture and allied product :14 * Ores and minerals :2 B) Manufactured goods * Textile including RMG :8.7 * Gems and jewellery :15.4 * Engineering goods :19.3 * Chemical and related goods :13.7 * Leather and leather products :1.7 C) Petroleum crude and products: 18.6...
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...Introduction Jute is a bio-degradable eco-friendly item. Prior to nineties, jute fabric was used for making low cost carry bags and gunny bags for packing rice, paddy, sugar, dal, cement etc. With the start of Jute diversification, a large market has developed for the jute yarn, jute fabrics and other jute based products. With the market assistance of Ministry of Textile & Jute and Bangladesh Jute Mills Corporation a large production base of small and cottage sector units have come up with a wide variety of products and are sold through exhibitions organized by different agencies. Both Ministry of Textile & Jute and Bangladesh Jute Mills Corporation have their own development schemes to support jute entrepreneurs beginning from imparting “Basic Training Programme”,“Advance Training Programme”, “Advance Training cum Design Dissemination Programme ”,“Technical demonstration” and “Buyer Seller Meet”. They are also assisting the jute entrepreneurs to sell their products through different Trade Fairs/Exhibitions in the country. Ministry of Textile & Jute is also providing marketing assistance to jute entrepreneurs by providing them stalls in the trade fairs/exhibitions in the domestic market as well as in the foreign markets. For creating pollution free environment the Govt. has started discouraging the use of polythene and rexin items. the polythene bags have been totally banned .For eco-friendly character the demand for jute yarn, jute fabrics and other jute items is increasing...
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...Posted : 04 Oct, 2015Use of jute bags mandatory after Oct 25 for packaging six goods State Minister for Textile and Jute Mirza Azam has called for strictly following the Jute Packaging Act 2010 and said the use of jute bags would be mandatory after October 25this year for packaging six essential goods, reports BSS. "The government would ensure compulsory use of jute bags for packaging essentials goods like paddy, rice, wheat, maize, fertiliser and sugar instead of plastic bags," he said while inaugurating a fair of diversified jute goods in Jamalpur yesterday. The State Minister made it clear that any violation of this act would not be tolerated for the sake of the survival of the jute sector as well as the livelihood of the jute growers in the country. Around 400 million pieces of jute bags and sacks would be required annually for packaging six essential products, said the state minister, adding, "BJMC would be able to provide half of the total requirement while the private jute mills would meet rest of the demand". The Jute Diversification Promotion Centre (JDPC) under the Ministry of Textile and Jute organised the fair in collaboration with the district administration. "Our jute industry and the livelihood of jute growers depend on the implementation of this act," he said. Mirza Azam said exports of jute and jute goods were declining due mainly to reasons like world economic recession, political instability, conspiracies at home and abroad and also trade competition...
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...at 400 bph in the carbonated soft drinks line and 300 bph in the juice line. In a span of one and a half years we have increased our capacity to 1800 bph. At present our capacity; one is at the ground breaking rate of 1900 bph. So in approximately three years time our capacity has increased three folds. During this same period most of our brands became either number one or are almost on the verge of becoming number one in their respective categories. Most of our machineries have been imported from world famous brands as Krones, Tetra Pak, Alfalaval, Sipa, and Husky to achieve the best quality. The history of Akij Group stretches back to later part of the forties. In its infancy, the Group started in humble way with jute trading which was known as the golden fiber of the country, earning highest amount of foreign exchange. Akij Group's ceaseless efforts with dynamic management and support from our numerous clients have led our Group in diversifying its business activities. In the second phase, the Group went into manufacturing handmade cigarettes popularly known as “Biris”. This sector gave a real boost to the revenue earning of the Group as well as making a substantial contribution to government exchequer. With the passage of time, the Group undertook new ventures and presently there are 15 units of industries under its umbrella like...
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...at 400 bph in the carbonated soft drinks line and 300 bph in the juice line. In a span of one and a half years we have increased our capacity to 1800 bph. At present our capacity; one is at the ground breaking rate of 1900 bph. So in approximately three years time our capacity has increased three folds. During this same period most of our brands became either number one or are almost on the verge of becoming number one in their respective categories. Most of our machineries have been imported from world famous brands as Krones, Tetra Pak, Alfalaval, Sipa, and Husky to achieve the best quality. The history of Akij Group stretches back to later part of the forties. In its infancy, the Group started in humble way with jute trading which was known as the golden fiber of the country, earning highest amount of foreign exchange. Akij Group's ceaseless efforts with dynamic management and support from our numerous clients have led our Group in diversifying its business activities. In the second phase, the Group went into manufacturing handmade cigarettes popularly known as “Biris”. This sector gave a real boost to the revenue earning of the Group as well as making a substantial contribution to government exchequer. With the passage of time, the Group undertook new ventures and presently there are 15 units of industries under its umbrella like cigarettes, handmade...
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...following issues giving Handicraft business the stamina to compete with the artificial machine made products and effort to take place in domestic and international market- 1. It provides large product variety and range as it is full of diversified culture. 2. Industry is facilitated by diversified and supportive retail infrastructure across the country. 3. Industry provides services to different market (Handicrafts, Textiles, Jewelry) because of diversified product range. 4. Naturally we are resourceful in craft raw materials. 5. Industry needs low capital investment. 6. Low barriers for new entry in market. 7. Products are high value added, and handicrafts have various applications. 8. It is the potential source of foreign revenue because of higher expor Impediments for Growth: The following weakness are the main barriers for the Handicraft business development and making business more and more competitive - 1. Narrow product range and lack of new and innovative designs suitable for overseas markets; have been identified as main constraints for growth of handicraft export from Bangladesh. 2. Industry is lacking with infrastructure and communication facilities. 3. Lack of capabilities in producing large volume. 4. Lack of updated information on changing tastes and preferences of overseas buyers often restricts market access of potential products. 5. Lack of finance and non-introduction of effective technology are also recognized as major inadequacy...
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...3.3.1 The Specialty of Jute Yarn: i.Hydrocarbon free/Vegetable oil treated Jute yarn on demand.ii.Using of the world's finest hard district Jute in the batch.iii.Maintaining strict shipment schedule.iv.Do not compromising when it comes to quality and Akij Jute Mills Ltd.may most humbly claim that they are the cleanest jute mill in the world. 3.4 AKIJ MATCH FACTORY LTD. Akij Match Factory Ltd. has been established in the year 1992 at a beautiful site near Muktarpur Ghat on the bank of river Sitalakshaya. It is a fully automatic match factorywhich produces 100% Carburized high quality safety matches.Dolphin is the brand name of the matches produced from this factory. the quality is very strictly controlled. At every stage, non standard products (wood layersor sticks) are rejected. However, these are not wasted. The sticks, wood layers and anyother scrap wood goes to be recycled in AKIJ Particle and Hardboard Mills. The faults inthe rejected matches are dealt with and these are packed manually. 3.5 AKIJ FOOD AND BEVERAGE LTD. “Brings Quality in Life”. Akij Food & Beverage Ltd (AFBL) a big name in Food processing & marketing sectorsstarted their journey officially on 2006 with three products but within this six year company able to add lot of products on its rosters. AFBL factory is located 50 kilometers outside from capital Dhaka in Krishanapura,Dhamrai. The factory is above 100,000 square meters. The total numbers of employeesare about 1200 people. And among them...
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...Introduction Global financial crisis started when sub prime mortgage market of United States collapsed. Since the global financial crisis took place, many developed and developing countries have been going through recession. It was believed that ongoing global financial crisis will not affect Bangladesh economy as badly as it can to other developed economy because economy of Bangladesh is not so dependent on international capital or foreign investment. But, still there are and will be some shocks of ongoing global financial crisis available for Bangladesh economy. So, Bangladesh economy will be affected by global financial crisis. Global financial crisis might reduce overseas job opportunities and export earnings. Global financial crisis may turn into a recession. Economy of developing countries including Bangladesh is already going through recession. Bangladesh is a low income country. If global financial crisis continuous then economy of Bangladesh will be suffering. Negative impacts of global financial crisis are beginning to show on the increasingly globalizing economy of Bangladesh. Export growth rate of Bangladesh has turned negative. Export of non-apparels items is being reduced. Depreciation of currencies by competing countries caused erosion of Bangladesh’s competitive strength in the global market. Remittance earnings could be badly affected in near future because number of job seekers going abroad halved as some countries either revoked or have stopped issuing...
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...want to enlarge their market to other countries and can get lots of benefits such as seeking the lowest cost, avoiding transportation cost and trade teriffs. Why international trade is important to Thailand? There are 2 mains factors. First, different resources of production.The specific physical geography of Thailand is one of restrictions to produce some goods while natural features facilitate Thailand to has more capability to produce argricultural products and food such as rice, rubber, fruit, vegetables, seafood etc. In contrast, other countries have another type of resources and they can produce some goods at lower cost, for examples, The Middle East countries have petrolium energy and mining industry that Thailand has to import from them. Second, different knowledge skills and technologies. For example, Japan has great potential in producing electronic and automotive products and Switzerland is very famous for mechanical watch industry ,so Thailand has no choice to import electronic product and watch from those countries because their knowledge and new technology is at expertise level and they also produce at the lower cost. International trade makes each countries effectively manage and control resources in order to have economy of scale. As a result, international trade has a powerful impact on Thailand’s economy. When the economy grow up, it attracts investors to come to do business in Thailand as they can hire cheap labors and get low cost...
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...Bangladesh. Table of Contents |Sl. No. |Chapter |Topic |Page No. | |01 |One |Introduction |03 | | | |Background |03 | | | |Export policy of Bangladesh |04 | | | |Major Export Item In Bangladesh |05 | | | |Major Product export of Bangladesh | | | | |Barriers to Development of export in Bangladesh | | | | |Problems of Export...
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