Economic Growth of Handicraft Business in Bangladesh

After 1970, Bangladesh’s handicraft product was introduced in the market. And in 80s the product got market acceptance, and this become its growth period. In the 90s, the handicraft product decreased because of its old design and poor quality. Moreover, new competitors came with newly designed, innovative and quality product. As a result, Bangladesh’s handicraft product faced a period of decline. The scope and scope of the expansion of the country’s handicrafts sector is evident in the growth of the number of industrial units in this sector. According to the information, in the year 1961 there were number of cottons and handicrafts in the country, two lakh 35 thousand, in 1991, 4 lakh 5 thousand. Currently, the number of cottage industries in the country is more than 8,30,000. More than 29 million jobs were created around this industry. The contribution of cottage industries to the country's production is around Tk 50 billion. However, in the context of time and demand many of the cows disappeared, as well as many new tarpaulins have been developed. With the change of time a new dimension has been added to this industry. Educated, low-educated young people have brought their talents and labor into cottage industries and new additions. Foreign exchange is coming to export these goods. This has created new possibilities and new hope for the development of this industry.

The wings of the industry wandering around scattered Handicraft industry is an art that changes the taste of tastes with time, but also changes in tradition, though tradition is flowing. According to the data, around 39,538 crore rupees are produced from the handicraft industries spread all over the country. With this industry, 17 million active people are added every year. BSCIC statistics say that small and handicraft industries in the country will be less than one lakh. According to the survey of BBS, the cottage industry is divided into two divisions - 50 thousand 112, Sylhet division, only 27, 791, Rajshahi division 1 lakh 30 thousand 133, Khulna division 1, 22, 87, Chittagong division 1, 15 thousand 968, Rangpur division 82 thousand 744 and Barisal Division 51 thousand 470 small and cottage industries. 29 lakh 63 thousand people are working in these institutions. 96 percent of these institutions are single ownership and 3 percent are held in joint ownership. BBS survey claims that 65 percent of all cottage industries in the country are not registered. Because many people doing handicraft industries do not know that their industry is small but they need to register or where to register. Many people do business with the Youth Development Department and some of the local trade licenses. That's why organizers are being deprived of various benefits.

Rattan is usually grown in rural areas, on the back of the homestead, fallow land and in some moist place in the forest. Within a few days, the cane becomes dense and becomes thorny. Banyan forests are found in the form of thorns. In addition to the natural environment of the forest, the cane is born in haor's tone. NALAM HANDICRAFT procures high quality rattan and marketing by processing.