Problems and Prospects of Silk Industry in Bangladesh

Abstract

Bangladesh is an underdeveloped and agro-based country. Silk industry is one of the important sectors of our national economy. It has a long and glorious past history but the growth and market share is not satisfactory of this industry to the national and global context. Thus it is an urgent need to mark the existing problem and future expectations of silk industry in Bangladesh. In our study we find out some problems of silk industry in Bangladesh like old technology, poor advertising, limited showroom, shortage of raw materials, inadequate capital, insufficient governmental facilities etc. We also find out some prospects of this industry like growth of sales and market share, low cost of labor, increasing demand, good geographical location, employment opportunity etc. So, it is essential to make effective plan and proper execution of that plan to get back the glorious position of our silk industry as well as to help the economical development of our country.

Keywords: Silk, Mulberry, Industry Growth, Market Share, Technology, Quality Control.