BangladeshPost placeholder

Bangladesh is known for its unique crafts legacy and tradition and Bangladeshi handicrafts are always in great demand globally. An array of designs and finishes are available in Bangladeshi market that shows excellent artistic skills of craftsmen. Bangladesh is one of the important suppliers of handicrafts to the world market.
As a consequence of apt and sustainable initiatives implemented by the government, the handicraft export witnessed an impressive growth of 51.17 percent year-on-year to USD 7.09 million in July-October period of fiscal 2018-2019 as reported by this daily on Wednesday. The rise in the export for the period has been possible for exporting the products to 32 countries. But it needs no emphasizing that still there is room for increasing the exports of handicrafts further to international markets. In this regard, maintaining market-specific standards of products and attracting foreign buyers have become more of a need.
As per Export Promotion Bureau (EPB), in this fiscal year, the target was set at USD 16.69 million. In FY18, earning from handicrafts export was USD 18.00 million.
In the first three months of the year, the earning was USD 7.09 million against the export target of USD 5.6 million.
During the period, the earning stood at USD 3.00 million against the target set at USD 3.04 million, while the earning was USD 2.69 million over the same period in the FY18. Experts are of the opinion that handicraft items from Bangladesh, which enjoy high demand in the global market, include basket ware, handmade furniture, leather goods, terracotta, handmade paper items, jute and jute goods, Christmas decorations, handloom, cane, grass, bamboo, mixed media and traditional jewellery. Countries like China, Vietnam and Thailand, which are known for producing handicraft products, are reportedly shifting towards high-tech industries. Hence this is an opportunity for Bangladesh to capture the global market.
In Bangladesh, hitherto we do not have adequate research labs for designing innovative handicraft products. Besides, there is no vocational centre to train people on this craft. Hence, authorities concerned should plan to set up vocational centres to train people to teach the craft. However, all raw materials required for handicrafts are available inside the country and currently around 50 lakh people are employed in the handicraft industry across the country. Taking all into consideration it is time for the authorities concerned to facilitate loans with minimum interest rate to small and medium entrepreneurs (SME) and provide them multiple opportunities to showcase their products to prospective buyers throughout the year.