Published: 2020-11-04 Views: 332

Bicycles of Bangladesh are gaining in the international market with proud air

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Bicycles of Bangladesh are running with a huge fame in the international market. In the last four months, the export income of this sector has increased by 33.11 percent.

Such a picture has come up in the latest information given by the Export Promotion Bureau-EPB on Monday (November 2).

According to the company's statistics, in the first four months of the current financial year - from July to October, the export income from bicycles was 42 million dollars. At the same time last year, the income from this emerging sector came to 3.2 crore dollars. At same the time, the revenue target for bicycle exports was set at 31.2 million. As a result, the revenue of this sector is 26.6 percent more than the target.

In the current financial year (2020-21), the total export revenue from bicycles has been targeted at US $100 million. In the last financial year, the income of this sector was 6.26 crore dollars.

Meanwhile, the overall picture of exports shows that the country's total export income in October was 294.8 crore dollars. This income is 4.07 percent less than last year.

However, the country's total export earnings have been in positive growth for the last 4 months. July to October; in these four months, the total income from the export of goods came to 1284.46 crore. Despite the Corona issue, this income has increased by about 1 percent (0.96) compared to last year.

Meanwhile, the country's ready-made garment industry has again witnessed negative growth. In October, the export income of the region was 232.37 crore dollars. In the previous month, this income was 241.34 crore dollars. In other words, the income of the garment sector has decreased by 8.97 crore US dollars in October. And compared to October last year, this income is 19 crore 81 lakh dollars less. In October last year, the country's garment sector revenue was 251.96 million dollars.

And compared to October last year, this income is 19.81 crore dollars less. In October last year, the country's garment sector revenue was 251.98 crore dollars.

As in the first four months of the current financial year, the country's ready-made garment sector has also been stuck in negative growth. During this time, the total export income of the region has reached 1045 crore dollars. But in the last financial year, at the same time, the income of this sector was 1056.74 crore dollars. As a result, this time the income has decreased by 1.2 percent.

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