Bangladesh’s transition as a lower middle income country has been a cause of jubilation for many. Although a number of factors can be attributed to sustained economic growth, some key sectors had a major role in augmenting this transition. Bangladesh’s apparel sector is one of the major success stories which had its humble beginning in early 1980s. The sector has since grown by leaps and…
Shifting Sand of Global Apparel Market and Bangladesh’s Game Plan
Bangladesh Apparel sector has presented itself as a matured contributor to country’s export and growth, contributing to 81% of country’s export (USD25.4 Billion FY14-15) and employing 4.2 million workforce. The sector’s meteoric rise in global apparel market in early 90s onwards has been augmented by inexpensive labor, favorable government policies and preferential trade agreements. Bangladesh currently sits as the second largest player in the market…
Why ‘Going Mobile’ is the mantra for the Digital Economy
Bangladesh’s growth story can be explained in a number of ways. With steady and consistent growth (+5% GDP Growth) over last one decade, the economy has slowly graduated to the lower-middle income level rung crossing the threshold of USD 1,000 per capita. If the economy can maintain momentum, it will be easy to attain the middle-income threshold within a decade. So, what intrinsic and extrinsic…
Why Mobile Financial Services (MFS) Sector is Growing in Bangladesh?
Since 2011, mobile financial services (MFS) had proved to be the finest integration of finance and technology in Bangladesh, where only 29.1% of adult population had access to financial services, whereas 78% of the total population possessed mobile phones. MFS has significantly contributed to rural-urban fund flow as efforts are being made to popularize mobile money as a viable alternative to physical and plastic money. …
What ‘Shark Tank’ taught me about Pitching
Shark Tank is a wildly popular reality show, where entrepreneurs looking to raise funds pitch their ideas and businesses in front of a group of accomplished investors and venture capitalists. A convincing pitch can ideally result in investments from one or more of the investors. Since the show’s inception in 2009, viewership has been skyrocketing with the sixth season currently running at ABC channel. Many US…