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Bashundhara Group Managing Director Sayem Sobhan Anvir has said gold has the potential to become the next emerging product in the country’s export basket if the sector gets policy support from the government.
Addressing a reception as a special guest on Friday, he said there are 20 million non-resident Bangladeshis around the world who have interest in gold items made in their own country.
“Our neighboring country India earns huge money from gold export. Around 80 per cent of handmade gold ornaments are manufactured in Bangladesh and India. Now, we should focus on exporting gold items. There’s huge potential of gold export,” he said.
Bangladesh Jewelers Samity (BAJUS) organised the reception at The Westin Dhaka to recognize the industry
leaders.
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Jashim Uddin was the chief guest at the event, Bashundhara said in a statement on Saturday.
Real Estate and Housing Association of Bangladesh (REHAB) President Alamgir Shamsul Alamin also spoke on the occasion as a special guest.
BAJUS President Enamul Haque Khan and General Secretary Dilip Kumar Agarwala were present.
Bashundhara Group, the leading industrial conglomerate of the country, has recently invested in the gold industry through establishing Bashundhara Gold Refinery Limited and Arisha Jewellers, said the statement.
Sayem Sobhan Anvir also sought policy support from the government for promoting the gold export.
“There’re 20,000 registered jewelry shops in Bangladesh that have become an emerging industry. The gold business can add more values than the garment industry if the sector gets policy support,” he said.
BAJUS President Enamul Haque Khan said the cost of gold processing in Bangladesh is higher than India due to huge wastage. “We should focus on research to reduce the wastage in gold processing. The businesses can’t survive without expanding the footprint into the international market. And research is important to enter the global market,” he said.
