bangladesh

Why-Bangladesh? Why-Now?

Bangladesh's economy is projected to grow 6.9 per cent in fiscal year 2022-23 thanks to strong export growth and a rebound in domestic demand, the World Bank (WB) said in its Global Economic Prospects released. Dhaka and Chittagong are the principal financial centers of the country, being home to the Dhaka Stock Exchange and the Chittagong Stock Exchange. The financial sector of Bangladesh is the second largest in the subcontinent. Bangladesh is one of the world's fastest growing economy. The automotive component market in Bangladesh has more than doubled in a space of a decade driven by rising car users, said industry people. Importers bring in engine, alternator, radiator, air conditioner, suspension, brake pads, spoiler, rim, tyre, trim package, body components, among other spare parts needed to serve the booming automotive market. The spare parts of many other brands are available in Bangladesh.

In Figure

The market size of automotive components was about Tk 1,300 crore to Tk 1,400 crore last year with an annual growth rate of 10 to 12 percent in the last one decade, said one of the major importers. least 200 traders import auto spare parts and most of them have workshops. More than 2,500 traders are involved in the component business. Hossain, the owner of The Implementers, said although the sector is growing, no trader has the capacity to set up plants to make spare parts. Annual growth rate 10 to 12 percent!



 bangladesh