Group Names

Abdi Rahim aw Ahmed Muhumed

&
Mohamed Omer

Presentation title

Impact of an industry in the

economy of Bangladesh

 Although Bangladesh is an
agricultural country but there is many
importance of industry in the
economy of Bangladesh which are : -

Rapid economic development

As, the rate of production of industry can be increased rapidly than
agriculture, so it industrialization is more essential for rapid economic
development. Beside this industrialization is considered a pre-requisite
of the economic development

Increase national & per capital

income:
Per capita & national income of Bangladesh is very low. It
cant be increased rapidly by agriculture. So industrialization
is very essential for increasing national & per capita income.

Development of living standard:

Industrialization plays a vital role in the increment
of living standard & per capital income of the
people in the society.

Development of agriculture:
Development of agriculture: Bangladesh is an agricultural country.
All kinds of modern instrument, insecticides, chemical furniture &
irrigation-equipment are needed to develop the agriculture of
Bangladesh

Solving unemployment problem:

Unemployment is a curse in our country. So to solve the
unemployment problem industrialization is essential to set
up largely in our country.

Proper utilization of natural

resources:
Bangladesh is full of natural resources. But still these natural
resources are not utilized properly. So for proper utilization
of natural resources industry can play an important role in
our country.

Economic stability:
The production of agricultural goods is uncertain, but the
production of industrial goods is more certain than
agriculture. So industrialization is needed to assure the
economic stability of Bangladesh.

Reducing dependency on agriculture:

Today the economy of our country mainly depends
of agriculture. But by setting up small-large
industry, the dependence on agriculture can be
reduced.

Earning foreign currency:

A lot of foreign currency is needed to import machines,
tools, raw materials of industries from foreign country. In
this case industry helps to earn enough foreign currency

Reducing dependency of foreign trade:

Our country depends on foreign trade. By establishing a
large number of industries in Bangladesh we can reduce
the dependency on foreign trade.

Bringing favorable situation:

Transaction balance is engaged to a balance of payment.
So industry helps to bring favorable situation in the
economy of Bangladesh.

Development of communication &

transportation system:
It we want to develop our country, at first we need developed
communication & transportation system. For developing
communication & transportation system, industrialization is
very essential.

Recommendations
1. Businesses should have clear policies stating their apolitical nature
and that they are not affiliated with any particular political party.
2. Businesses should make all political dealings transparent. This
includes all political donations, as well as affiliations with companies
owned by politicians
3. Businesses should build the capacity of informal miners by
purchasing minerals from licensed
informal miners
4. Businesses should strive to achieve a 50-50 gender representation in
their workforces
5. Businesses should ensure that their workplaces are gender-sensitive

References

http://www.worldbank.org/en/country/bangladesh/overview

http://www.bd.undp.org/content/bangladesh/en/home/countryinfo.html

http://www.thedailystar.net/frontpage/capita-income-rises-1466-1204930

http://www.discoverybangladesh.com/meetbangladesh/economy.html