Entrepreneurs in Bangladesh’s ceramic sector, currently grappling with the dollar and gas crisis, are urging the government to take measures such as withdrawing the supplementary duty and introducing a depreciation facility for the import of raw materials. They argue that tiles and sanitary ware have become essential products for both rural and urban areas, and the supplementary duty should be removed to reflect their necessity.
Suggestions have been made to reduce the supplementary duty gradually, if not entirely, in the upcoming budget. The entrepreneurs also propose imposing duties based on the moisture content of raw materials and advocate for duty-free import of industrial raw materials with an Industrial Registration Certificate. The ceramic industry in Bangladesh has experienced significant growth over the past decade, fulfilling 90% of the market’s needs, but it faces challenges related to rising gas prices, insufficient gas pressure, and limited export growth due to high freight costs and competition from other countries.
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