How Handicraft Exporting Is Contributing To Bangladesh Economy ?

 Handicraft exporting is contributing to Bangladesh's economy significantly. In terms of the employment of rural women, it plays a crucial role. Many families have become solvent-making handicraft products. Therefore, the government is also encouraging unemployed youths to join in the handicraft industry.

In Bangladesh, the handicraft industry is a very potential sector. Every year, the exporting amount and foreign currency are increasing by stages. It has a huge possibility, because of the availability of raw materials, low labor cost, and skilled workers, government loan taking amenity, etc. Following this potential, new entrepreneurs are growing rapidly. However, China, Vietnam, and Thailand also have a stronger position in supplying handicraft products in the international market.

According to Export Promotion Bureau( EPB) in Bangladesh, there was USD 1.4 million was earned in the 2016-17 fiscal year in Bangladesh. In the 2017-18 fiscal year, the expected earning amount was USD 1.6 million, but against this expectation earning amount was 1.67 million USD.  However, reportedly, in July FY 2018-19, 1.22 Million USD was achieved from this sector. In the next fiscal year, 1.87 million was earned from the handicraft industry, Bangladesh. Thus, Bangladesh's economy is being developed with the handicraftindustry.http://m.theindependentbd.com//printversion/details/212921There is a huge demand for Bangali handicraft products in the international market. Over 50 countries in the world handicrafts are exported from Bangladesh. The major markets are England, Europe, America, Middle East, and so on. In Bangladesh, proficient handicraft workers are available with low remuneration, which makes this country a potential destination of investment. The government and the NGOs are also upholding craft-making projects to alleviate poverty.