Commerce Minister Tipu Munshi inaugurated the exhibition organized by the Bangladesh Ceramic Manufacturers and Exporters Association
A three-day international Ceramic Expo Bangladesh 2019 kicked off on Thursday at the International Convention City Bashundhara in the capital, aiming to tap in more overseas buyers beyond the country.
Commerce Minister Tipu Munshi inaugurated the exhibition organized by the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA).
Federation of Bangladesh Chambers of Commerce and Industries President Sheikh Fazle Fahim, BCMEA President Md Shirajul Islam Mollah and General Secreatary Irfan Uddin were present at the event, among others.
This is the second edition of the exhibition the BCMEA has been arranging since 2017. The expo will remain open from 10am to 7pm for all visitors.
The minister in his inauguration speech said the demand for Bangladesh-made ceramic products in global market was increasing everyday for their qualities and designs.
Besides, new markets for ceramic products were opening up, he said, adding that the country’s ceramic products were now used in different five-star international hotels, which was a matter of pride.
“The government is planning more facilities for the industry so that manufacturers can boost their exports,” Munshi said and hoped that the ceramic would secure the third or fourth position in export earnings soon.
FBCCI President Fazle Fahim said about Tk4,661 crore was invested in ceramic sector over the last ten years and the industry attained 200% growth.
Mentioning the ceramic industry was most promising after readymade garment (RMG), Fahim said the industry should be awarded the similar fiscal facilities like those of RMG.
The BCMEA Prsident said that they arranged the event to promote ceramic exports.
“Currently, we are meeting around 85-90% demand of ceramic in the domestic market,” he informed.
“We expect about 300 international delegates and about 500 foreign buyers in the expo,” he added, saying that manufacturers and exporters would gain global exposure for their products and attract foreign buyers.
He said that the country’s producers were now shipping ceramic to 50 countries around the world and earned about $50 million yearly on an average, which was only 4% of the global market.
“We have a plan to explore at least 20-25% of global market by the next 5-7 years,” added Mollah, demanding a 20% cash incentive for boosting exports.
Currently, 60 companies with Tk8,500 crore investment, employed nearly 5 lakh employees in the expanding ceramic sector.
BCMEA president said more ventures including foreign ones were in the pipeline.
Different local and international ceramic companies, including Akij, Sheltech, Dbl, Stella, Mir, Greatwall, Monno, Shinepukur, Monica, Ferro, Johnson, Saint-Gobain are showcasing their tiles, sanitary wares and tablewares in the exhibition.
About 120 companies from 20 countries are participating in the expo to showcase their products.
The exhibition is also scheduled to feature five seminars highlighting the country’s ceramic industry.