Barriers of Export Expansion in Bangladesh

These barriers deserve immediate action from the government for boosting up the Export. These are as follows:

* Poor Infrastructure and utility supply: There is a tendency of urbanized industrialization in Bangladesh. Everything is Dhaka based. This is because infrastructure facility is so measurable in any rural destination of Bangladesh. Utility mainly electricity and gas supply is impossible to get connected in any rural even sub urban areas. Existing SMEs are suffering badly due to load shedding of electricity.

* Unavailability of collateral free bank loan: Maximum SME initiatives come from single brain without any institutional orientation and they are with holy motive of self employment and revenue generation for the family expenditure not for being bank defaulters. They do not afford providing a collateral or guarantor to produce before bank to get a small loan.

* Limited access to information: If we have an idea to produce a very useful items we do produce it but information is not available on demand of this product is highest in which location.We cannot place the product into a demand full market in right time.

* Traditional Technology: Exporters generally use local technology to produce goods but these are not productive enough to fulfill market demand, or not producing quality / beautiful products to compete with the low cost Indian & Chinese products freely available in international market.

* Low productivity of labor: Bangladeshi SME sector is employing about 82% of workforce and producing around 50% of industrial output. This statistics proves that our labors are low productive. Training for the existing manpower is essential for greater output.

* Lack of entrepreneurship development program: In Malaysia there is a Ministry called Ministry of Entrepreneur and Cooperative Development. They have different divisions and wings for operating training, motivation, innovative support for entrepreneurship development. But in...