Industries in Bangladesh
Bangladesh Small and Cottage Industries Corporation (BSCIC) provides a package of services to private sector entrepreneurs in Bangladesh in the small and cottage industries sector. It was created through an Act of Parliament in 1957 which was later amended in 1992. BSCIC has developed a total of 74 industrial estates throughout the country to foster the growth of SCIs in a balanced manner and also construction works for good number of estates including special type like Tannery, API (Active Pharmaceutical Ingredients) and Garments Park are under execution.
Cottage Industry refers to family based/owned small sized production units with small amount of capital whose production process is based mostly on local raw materials, inherited artistic skills and simple indigenous technology. These units operate in both rural and urban areas. Many of them use hired staff on full or part-time basis. Bangladesh Small and Cottage Industries Corporation (BSCIC), the state-owned organization for promotion and supervision of small and cottage industries in the country, defines cottage industry as small scale industrial unit run by the members of the same family either on full or part-time basis. The maximum number of workers in a cottage industry unit is 20, if it uses indigenous technology and is not run by power, and not more than 10, if it uses power-run machinery. However, for the purpose of taxation the NATIONAL BOARD OF REVENUE has defined cottage industry as an industrial unit run by a maximum of 50 workers using local skills without adopting power-run mechanical equipment. Traditionally, cottage industries have been rural-based, but in course of time and with technological advancements, they spread to urban areas to avail of transport and marketing facilities and financial support from institutional sources. The area of cottage industries has now broadened remarkably from simple indigenous technology based and home-made products to sophisticated HANDICRAFTS of wide
Cottage Industry refers to family based/owned small sized production units with small amount of capital whose production process is based mostly on local raw materials, inherited artistic skills and simple indigenous technology. These units operate in both rural and urban areas. Many of them use hired staff on full or part-time basis. Bangladesh Small and Cottage Industries Corporation (BSCIC), the state-owned organization for promotion and supervision of small and cottage industries in the country, defines cottage industry as small scale industrial unit run by the members of the same family either on full or part-time basis. The maximum number of workers in a cottage industry unit is 20, if it uses indigenous technology and is not run by power, and not more than 10, if it uses power-run machinery. However, for the purpose of taxation the NATIONAL BOARD OF REVENUE has defined cottage industry as an industrial unit run by a maximum of 50 workers using local skills without adopting power-run mechanical equipment. Traditionally, cottage industries have been rural-based, but in course of time and with technological advancements, they spread to urban areas to avail of transport and marketing facilities and financial support from institutional sources. The area of cottage industries has now broadened remarkably from simple indigenous technology based and home-made products to sophisticated HANDICRAFTS of wide