This website uses cookies to ensure you have the best experience. Learn more

Leather Goods Essay

5863 words - 24 pages

Role of SMEs Export Growth in Bangladesh
Md Shafiqur Rahman Senior Research Officer, Federation of Bangladesh Chambers of Commerce and Industry

Abstract: Small and medium enterprises (SMEs) occupy unique position in most of the countries especially in a developing country. They are a primary target for many countries desiring to stimulate economic growth and development. The SMEs sub-sector plays an increasingly dominant role in the technology assimilation and dissemination and in economic development in Bangladesh as well. The emphasis being put on the SMEs has increased greatly now that the time is coming nearer that Bangladesh will have to document its status of implementing actions ...view middle of the document...

Though the SME sector is becoming gradually a rising industrial sector of our country and contributing more and more to our export, this sector faces several common problems likelack of technical know-how, shortage of long-term financial support, lack of skilled workers, marketing link, R & D, knowledge on safety measures, hygiene, environmental pollution, etc. We need to acquire proper institutional knowledge in the fields of technological and managerial education and ask academics and researchers to work more vigorously for the sector’s rapid development. SMEs in Bangladesh produce a multitude of labour intensive goods including, consumer items, toys small tools and paper products for the domestic market. Further development of these industries offers various investment opportunities. Export-oriented production in SMEs has gained momentum in the past few years. Entrepreneurs from Hong Kong, Japan and Korea have taken advantage of Bangladesh’s cheap and easily trainable labour and its infrastructure facilities to manufacture products for the export market. 2.0 Role of SMEs in the Present Context Economy Bangladesh maintained its upward strides in economic growth duly manifested by positive developments of the major macro-economic indicators. GDP growth was 6.43 percent in 2006-2007 compared to 6.63 percent in 2005-2006. The growth of GDP was 5.96 percent for the year 2004-2005. The national savings and investment reached 29.20 and 24.30 percent of GDP respectively in 2006-2007. Per capita GDP and GNI would cross U$ 482 mark for the first time in Bangladesh and stand at US$ 482 and US$ 520 respectively. The contribution of service sector in the GDP was 52.33% in 2007-2008; while industry and agriculture sectors were 28.58% and 19.09% respectively.

After all, small and medium enterprises, including the tiny and ‘micro’ enterprises comprise virtually all (about 99.85%) of all business enterprises outside agriculture in Bangladesh. Large enterprises account for only 0.15% of the said enterprises. SMEs including micro enterprises account for some 81.2%, while only 0.15% of all business enterprises employ a full 18.8% of the employment of all business enterprises outside agriculture. Clearly, small and medium enterprises including micro enterprises have a ground-breaking, monolithic and humongous importance in the economy of Bangladesh in the context of pro-poor growth. The government launched a strategy of industrialization focused on the manufacturing sector. Industries (manufacturing) sector expanded at an average rate of 6.44% per annum throughout the years of FY 1972-2005. The average growth of industry sector (manufacturing) during 1992-96 was 8.21 percent. But during 19972003, the growth rate rose to 6.8 percent. Manufacturing sector registered 10.77% growth for the 2005-2006. It was 9.52% for the year 2006-2007. The growth of SMEs in a number of industries, particularly in the field of plastic, food, footwear, rubber products, chemicals,...

Other Papers Like Leather Goods

Gucci History Essay

840 words - 4 pages of its artisans and its fine quality of work, to begin the manufacture of high quality luggage. Guccio Gucci - library photo, PPR website Gucci expanded into the large towns and cities of first Italy, then Europe and later the rest of the world, and along the way it also expanded its range of goods. Still using mostly leather, but with some other materials and fabrics, such as bamboo and silk, Gucci branched out into belts, wallets, shoes

Marketing Essay

2004 words - 9 pages  Strong momentum in the United States  Continued rapid growth in Asia  Strong progression in Wines & Spirits  Double-digit revenue growth and exceptional profitability at Louis Vuitton  Improved performance of other Fashion & Leather Goods brands  Remarkable year for Parfums Christian Dior which gained market share in a competitive environment  On-going strengthening of the market positions of DFS and Sephora due to their innovative

Louis Vuitton Case Study

1255 words - 6 pages Introduction: We The A-Team are going to explain how Louis Vuitton, the world renounded luxury brand with a long history of producing luxury goods has left its mark on the world. Louis Vuitton started out as a single product brand of making leather bags which were all handmade. As Shin-Fen Chen states, “Louis Vuitton combined the artistic creativity of its designers with a rigorous management of resources to produce brands that were the most

Coach Marketing Paper

4552 words - 19 pages in the United States, and is actually the leading American manufacturer and retailer of leather goods, accessories and apparel for women and men. The largest player in the United States luxury handbag market is Coach with 36% market share. Coach is the second highest-selling luxury handbag retailer in Japan with 17% market share. The company is retaining as well as attracting new customers and growing the company revenues due to the wide variety

Business Letter

1326 words - 6 pages Chinese firm to sell various light industrial products of your company to China. We have been engaged in import business for many years and are well connected with all the major dealers here. We, therefore, feel sure that we can sell large quantities of your goods if your offers are favorable. We would like you to send us a catalogue and pricelist, and possibly some samples of the goods that you are principally interested in selling, so that

Coach, Inc

1127 words - 5 pages Coach, Inc. Coach, Incorporated began as a small family-owned leather goods manufacturing company in 1941. Start up began in the family’s Manhattan apartment with six artisans trained by previous generations of the family, adding to the company’s charm. Gaining increasing notoriety for the quality of their craftsmanship, the Coach brand began to expand as new customers sought out the goods. While Coach increased in popularity, the brand

Consequences of Inflation

1016 words - 5 pages . Inflation encourages imports at the expense of exports and creates a deficit on the current account of the balance of payments. This is due to the fact that when there is inflation the exports of goods and services of a country seem more expensive and therefore their demand will lower. The imports, however, become relatively cheaper and more are likely to be imported, thus causing the current account deficit. Moreover, one of the most important costs

Recuycling

810 words - 4 pages - Uttarakhand * Identified Project Opportunities - West Bengal * Identified Project Opportunities : Jammu & Kashmir * Import Substitute Products * Industrial Gases * Infrastructure projects * Inks, Lithographic Inks, Gravure Inks, Flexographic Inks,... * Investment Opportunities * Jute and Jute Based Project, Oil, Coir, Shopping Bags * Leather, Leather Goods and Leather Tanning, Finished Leat... * Leisure &amp

Coach

1611 words - 7 pages avid treasure seekers like me many opportunities to find additions to our collection. Coach, Inc., as we know it today, began life in 1941 in a Manhattan, NY loft with six artisan leatherworkers handcrafting small leather goods like wallets and handbags. The small company was modestly successful until, in 1961, things changed. Miles Cahn, who was running the company at the time, came across a method of processing leather that produced a

Coach Swot

1042 words - 5 pages Coach SWOT Analysis Tiffany Smith Columbia Southern University Coach, Inc. is a company that produces and sells luxury accessories for men and women. Coach markets itself as the leading American luxury leather goods company. It specializes in the design and marketing of handbags and accessories worldwide. Its product include handbags, womens and mens accessories, such as money pieces, wristlets, cosmetic cases, key fobs, belts, electronic

Lawrence Sport Scenerio

1594 words - 7 pages Murray Leather is paid 15% on purchase with the remaining 85% due the next week. Lawrence should negotiate a credit term of 100% payment, four weeks after the receipt of the goods it receives from each supplier. This alternative is called a trade credit, which is “an arrangement to buy goods or service on account, that is, without making immediate cash payment” (Entrepreneur Magazine's). “Trade credit is the largest single source of short-term

Related Essays

China Leather Tanning Processing Industry, 2016

780 words - 4 pages durable and less susceptible to decomposition. The relevant activities include: leather tanning; light leather processing (to produce light, soft and colored leather for manufacturing shoe top, apparel, gloves, soft bags, leather goods, etc); heavy leather processing (to produce thick and durable leather for manufacturing under sole and military, industrial and civil leather goods); processing of rare animal hide. In 2015, the economic

Management Essay

908 words - 4 pages price of 650 – 1400. Description of some goods & Services Children garments: 1. Girls: Pant tops, Skirts, Lehenga sets. 2. Boys: Pant shirts, Fatua, Panjabee- pajama 3. New born Baby: Nima, panty, Dry paper, Baby sets. Nakshi katha: The word “Kantha” originally suggests a light quilt of mild winter and ool monsoon nights. Through the concepts exist in almost all parts of the world, the form of quilting

Industry Sectors For Pakistan Essay

1134 words - 5 pages industry in Pakistan consists of six sub-sectors called, Tanning, Leather, Footwear, Leather Garments, Leather Gloves, Leather Shoe Uppers, and Leather Goods. Today, Pakistan is among the leading countries in the world for the production of Leather Garments and gloves. It has also contributed almost more than half a billion US dollars in foreign exchange earnings to the national exchequer. Therefore Pakistan is well known for its leather and is one of

Market Analysis

3294 words - 14 pages business. ENTRY MODE Bangladesh Footwear and leather goods industry is emerging as an important sector with expanding production base, in view of natural advantage having raw-material combined with of availability of abundant work force. However, Bangladesh industry lacks domestic technology and expertise; local support chemicals industries are still under-developed, underdeveloped infrastructure, insufficient research and development