Bangladesh Economic & Infrastructure Development - Updates & Discussions

[Bilal9]

Bangladesh Startups are booming, especially in the Fintech sector.

This is an HSBC report from last year talking about Bangladesh moving up the value chain by exporting Electronics and Pharma.
https://www.cnbc.com/video/2021/06/...start-exporting-outside-the-country-hsbc.html

 

[Bilal9]

https://online.thedailystar.net/bytes/news/5-femtech-apps-you-should-check-out-today-2975201

These Bangladeshi apps are targeted at women.

 

[Bilal9]

https://www.techinasia.com/deep-dive-bangladesh-left-asias-growth-story

 

[Bilal9]

Giant pumpkins are being cultivated in Arial Beel. A beel (Bengali and Assamese: বিল) is a billabong or a lake-like wetland with static water (as opposed to moving water in rivers and canals. Arial Beel is the third largest wetland in Bangladesh. This beel covers an area of 136 sq. km. It is situated in Sreenagar Upazila of Munshiganj District. The Pumpkins grow underwater for some of the season (6-8 months) and and gets more nutrition underwater. No fertilizer is used. The weight of some of the pumpkins have exceeded 120 KG.

 

[Bilal9]

Bangladesh is one of the leading producers of various deep cycle Lead acid Batteries in the Asian/African region markets - with the exception of China.

Market Snapshot​

Study Period:	2019-2027
Base Year:	2021
CAGR:	>3 %

Market Overview​

The Bangladesh lead-acid battery market is expected to register a CAGR of more than 3 % during the forecast period of 2022-2027. The COVID-19 pandemic affected the Bangladesh lead-acid battery market negatively, as raw materials could not be sourced and further finished products could not be moved due to the lockdowns imposed all over the world. Furthermore, demand for automobiles which contain SLI batteries dipped due to the pandemic as people were shy to spend their money on non-essential items. In terms of growth of market, factors such as increasing sales of automobiles in the country and the low cost of lead, are likely to drive the lead-acid battery market during the forecast period. However, declining lithium-ion battery prices and increasing adoption of electric vehicles are likely to hinder the market growth during the forecast period.

• SLI (Starting, Lighting, and Ignition) batteries are expected to dominate the Bangladesh lead-acid battery market during the forecast period, due to the booming automotive sector.
• With the decreasing cost of solar PV equipment and supportive global initiatives to eliminate the carbon emissions and promote renewables by utilizing off-grid renewable energy projects. This is expected to create immense opportunities for the players involved in the Bangladesh lead-acid battery market soon.
• The Bangladesh lead-acid battery market is likely to be driven by increasing installation of residential uninterrupted power supply system to counter the erratic power supply in the country.

Scope of the Report​

The Bangladesh lead-acid battery market report includes:

Type
	SLI (Starting, Lighting, and Ignition) Batteries
	Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.)
	Portable Batteries (Consumer Electronics, etc.)
	Others

Technology
	Flooded
	Valve Regulated Battery

Report scope can be customized per your requirements. Click here.

Key Market Trends​

SLI (Starting, Lighting, and Ignition) Batteries to Dominate the Market​

• SLI batteries are designed for automobiles, and therefore, it is always installed with the vehicle's charging system, which means that there is a continuous cycle of charge and discharge in the battery whenever the vehicle is in use.
• The major factors attributing to the growth of the SLI battery market in Bangladesh is the increasing demand for these batteries to start the internal combustion engines, power lights, motors, etc. Such batteries posess high performance, long life, and are cost-efficient. Besides, the market is witnessing significant growth due to an increase in the number of mobile towers.
• Moreover, lead-acid battery is the technology of choice for all SLI battery applications in conventional combustion engine vehicles, such as cars and trucks worldwide. Furthermore, growth in the three-wheel vehicles in the country has contributed to the lead-acid battery market. The sales of vehicles in Bangladesh has risen continously over the past years with an exception for 2020, but, it is likely to pick up in the coming years.
• Although the conventional combustion engine is expected to decline in Bangladesh over the next 30-40 years because of growth in electric vehicles, however, during the forecast period, the demand for SLI batties is likely to increase owing to increase in demand for conventional internal combustion engines vehicles in the country.
• Therefore, based on the above-mentioned factors, SLI batteries are expected to dominate the lead-acid battery market in Bangladesh during the forecast period.

Increasing Number of Uninterrupted Power Supply Systems Driving the Market Demand​

• The uninterrupted power supply (UPS) system uses an inverter that converts AC to DC and vice-versa to charge and discharge the battery. This system uses lead acid battery as a power source in tandem with inverter as it is cheap and poses good storage capacity of energy.
• Bangladesh currently faces erratic power supply due to supply demand mismatch, transmission losses, low plant efficiency, electricity theft, and many more, leading to unreliable power supply, making UPS systems lucrative.
• Between 2010-2020, Bangladesh has experienced significant economic growth. Therefore, the country's Gross National Income per capita has increased to 5,310 purchasing power parity dollars in 2020. This in turn is enabling people to afford better living standards and are accommodating UPS to tackle the erratic power supply.
• Furthermore, the country has witnessed increasing number of cellular subscribers in the last decade. It has risen from 67.92 millions in 2010 to 170.14 million in 2020. This has led to capacity addition in form of telecommunication towers which require UPS systems. The number of cellular subscribers are expected to increase further during the forecast period, giving a push to UPS systems market and ultimately leading to growth of lead-acid battery market in the country.
• Considering the above-mentioned points, increasing number of UPS systems in Bangladesh is expected to drive the demand for lead-acid batteries during the forecast period.

Competitive Landscape​

The Bangladesh lead-acid battery market is moderately fragmented. Some of the key players in this market include Amara Raja Batteries Ltd, Panna Group, Rahimafrooz Ltd., Saif Powertec Limited, and Okaya Power Pvt. Ltd..

Major Players​

1. Amara Raja Batteries Ltd
2. Saif Powertec Limited
3. Panna Group.
4. Okaya Power Pvt. Ltd.
5. Rahimafrooz Ltd.

Recent Developments​

• In February 2021, The Ministry of Environment, Forest and Climate Change (MoEF) of Bangladesh promulgated an Order (S.R.O No. 45-Act/2021) on battery recycling under the Bangladesh Environment Conservation Act, 1995. The main provisions of this order includes the companies that are involved in the manufacture and recycling of lead-acid batteries shall appoint dealers and agents to collect used batteries. Also, companies shall obtain a Non-objection Certificate (NOC) from the DoE to obtain a license to import lead-acid batteries, and the importer shall sign a contract with a battery recycling company, etc.

​

 

[Bilal9]

Rundown of various Export zones in Bangladesh and their products

 

[Chris Logan]

My family is building a tech center in BD soon. We have electricity, Just waiting for the high-speed internet to arrive.

 

[Bilal9]

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Rundown of various Steelmakers in Bangladesh, specializing in TMT rod and Billet production.

GPH Ispat boasts ultramodern, eco-friendly 80 T Quantum EAF Furnace with a preheating system, ensuring an annual steel melting capacity of 840,000 MT/year. Along with existing melting capacity of 170,000 MT via its older Induction furnaces, the combined steelmaking capacity of GPH Ispat breaches 1 MnT per year. GPH is one of the three largest steelmakers locally. This is the first Quantum Technology furnace in the South Asia region and one of the first globally.

Bangladesh Steel Melting Capacity is slated to exceed 11 MnT by 2025.

GPH Ispat Commissions Operation at its Quantum EAF Furnace - SteelMint Events

GPH Ispat, one of the major steelmakers based in Chittagong, Bangladesh was long waiting the operationalizing of their Quantum Electric Arc Furnace, the

www.steelmintevents.com

Bangladesh Steel Making Capacity

Bangladesh Scrap Import

Bangladesh Ship Dismantled

% Share of Bangladesh Scrap Importers in 2018

 

[Bilal9]

Seven new Japanese-led Mega projects in Bangladesh.

The largest Japanese project is Matarbari deep sea port

Arrival of first mother vessel at Matarbari in mid-2021

 

[Bilal9]

Matarbari Port Report from Somoy TV

 

[Bilal9]

Dhaka Airport 3rd Terminal Update

 

[Bilal9]

Dhaka Metrorail Line 6 update

 

[Bilal9]

The five lakes of Dhaka City

 

[Bilal9]

Ramna Lake improvements during Covid closure.

 

[Bilal9]

BGMEA has signed an MOU with Panda Biotech in Texas to commercialize the use of hemp and jute type fibers as suitable for clothing usage. It may be mentioned here that Jute production is native to Bangladesh and the fiber yield is higher though not as high quality and appropriate for apparel use as cotton is.

Panda Biotech Plans the Largest Industrial Hemp Processing Facility for Fiber and Cellulose in the United States

Panda Biotech Plans the Largest Industrial Hemp Processing Facility for Fiber and Cellulose in the United States

www.businesswire.com

Brand BGMEA70,310 followers4d • Edited • 4 days ago

𝐁𝐆𝐌𝐄𝐀 𝐚𝐧𝐝 𝐏𝐚𝐧𝐝𝐚 𝐁𝐢𝐨𝐭𝐞𝐜𝐡 𝐥𝐨𝐨𝐤 𝐟𝐨𝐫 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐚𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞 𝐮𝐬𝐞 𝐨𝐟 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐟𝐢𝐛𝐫𝐞 𝐢𝐧 𝐁𝐚𝐧𝐠𝐥𝐚𝐝𝐞𝐬𝐡

Bangladesh’s garment industry is committed to continue its pursuance of excellence in the area of environmental sustainability in a bid to manufacture garments in a way that is good for people and the planet.

BGMEA President Faruque Hassan made the remark during a meeting with Mark D’Sa, Business Development, Panda Biotech, an emerging leader in the industrial hemp fiber industry, in Washington D. C. on March 9.

BGMEA Vice President Miran Ali (米然·阿里）, Directors Abdullah Hil Rakib and Barrister Vidiya Amrit Khan, Chairman of BGMEA Standing Committee on Foreign Mission Cell Shams Mahmud were present at the meeting.

Commercial Counsellor at Bangladesh Embassy in Washington Md Salim Reza, Commercial Counsellor at Bangladesh’s Consulate General in Los Angeles S. M. Khurshid-Ul-Alam and Director of Mahmud Group Gazi Mahbubul Aalm were also present on the occasion.

They had a discussion over possible scope of partnership and engagement with Panda Biotech to facilitate the Bangladesh RMG industry’s use of environmentally friendly hemp to craft high-quality, eco-conscious apparel.

Faruque Hassan said Bangladesh's garment industry has made tremendous strides over the past years in integrating sustainability into the core of its operations.

The industry is looking into every possible avenue to integrate sustainability into apparel manufacturing to provide consumers with eco-friendly apparel.

To drive environmental sustainability more forward, Bangladesh’s RMG industry is shifting from cotton to non-cotton products, he said adding that hemp can create a perfect complement fiber to cotton.

Industrial hemp is a regenerative crop due to its ability to grow with little water, minimal-to-no pesticides and herbicides, production of a high per acre fiber yield, and absorption of more carbon dioxide per acre than any forest or commercial crop.