Japan’s Ambassador visited the GLOBATT factory at Ishwardi to inaugurate its first export order this month.
Automotive battery producer Rahimafrooz Globatt currently exports batteries to 57 markets around the world and is recognised as one of the leading brands in this area. It has successfully secured export orders to the exclusive Japanese market which requires the highest quality standards.
This is a good illustration of the growing ability of manufacturers from Bangladesh to produce market-leading products in high value areas. We hope that this will inspire a much-needed diversification and maturation process for our manufacturing sector.
The Japanese market is particularly significant since Japan is a highly competitive and quality conscious market for automotive products.
Manufacturing and export sectors in Bangladesh have thus far been dominated by utilising the availability of cheap labour as the main competitive advantage. The success of Rahimafrooz Globatt shows that it is also possible for Bangladeshi manufacturers to be competitive in products that require a high level of technical know-how and proficiency.
Diversification of our manufacturing output will allow us reach a broader range of markets. We hope others can be inspired by this example to work towards improving skills and resources to generate higher-value exports.
By following this example, entrepreneurs can help develop and realise the potential of the manufacturing sector in Bangladesh.