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Bangladesh’s furniture industry requires skilled manpower in order to earn more foreign exchange through exports while meeting domestic demand, Commerce Minister Tipu Munshi said yesterday.
The wooden furniture industry in Bangladesh has not flourished as market players are unable to export their products at competitive prices amid the high tariff on imported raw materials and subsequent dearth of quality components, speakers said at a discussion.
Small wooden furniture businesses in Bangladesh are facing a deep financial crisis as the demand for their products has fallen drastically, according to market players.
The furniture sector is considered a promising sector of Bangladesh thanks to the abundance of labourers, the flow of capital, technological facilities, and higher demand in the global market.Â