Business leaders and entrepreneurs in Bangladesh are exploring the export potential of steel, iron, and related products, aiming to meet local demand. A joint meeting by FBCCI and the Bangladesh Steel Manufacturers Association highlighted the potential for Bangladesh to earn $10 to $15 billion annually in foreign exchange through steel and iron exports, with government support.
The FBCCI President stressed the need for entrepreneurs to address challenges, emphasizing the pivotal role of iron and steel in diversifying the country’s export portfolio. An advisor to the Commonwealth Enterprise and Investment Council underscored opportunities within the Commonwealth, urging collaborative efforts.
The president of the Bangladesh Steel Manufacturers Association noted the surplus production capacity, suggesting potential exports to Commonwealth countries, generating significant foreign exchange. Traders seek government support, including tariff benefits, export incentives, and policy backing to transform the industry into an export-oriented sector.
Source for more details:
