...SWOT analysis of Bangladesh’s Handicraft: Strength of our Handicrafts: The following issues giving Handicraft business the stamina to compete with the artificial machine made products and effort to take place in domestic and international market- 1. It provides large product variety and range as it is full of diversified culture. 2. Industry is facilitated by diversified and supportive retail infrastructure across the country. 3. Industry provides services to different market (Handicrafts, Textiles, Jewelry) because of diversified product range. 4. Naturally we are resourceful in craft raw materials. 5. Industry needs low capital investment. 6. Low barriers for new entry in market. 7. Products are high value added, and handicrafts have various applications. 8. It is the potential source of foreign revenue because of higher expor Impediments for Growth: The following weakness are the main barriers for the Handicraft business development and making business more and more competitive - 1. Narrow product range and lack of new and innovative designs suitable for overseas markets; have been identified as main constraints for growth of handicraft export from Bangladesh. 2. Industry is lacking with infrastructure and communication facilities. 3. Lack of capabilities in producing large volume. 4. Lack of updated information on changing tastes and preferences of overseas buyers often restricts market access of potential products. 5. Lack of finance and...
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.................7 Architecture.........................................................................................8 Arts and Crafts.....................................................................................8 Handicrafts...........................................................................................9 Sports...................................................................................................9 Poetry and Music................................................................................9 Specialities of Sindhi Cities....................................................................10 Conclusions and Recommendations......................................................11 References..............................................................................................12 Executive Summary This term paper mainly consists of the sub-culture of Sindh. The sub-culture of Sindh is full of colors and life. From its origin to language, food to clothing, buildings to architecture , handicrafts to arts and crafts, everything is simply amazing. Each city of Sindh is popular due to some reason and each city has beautiful customs and traditions which depicts the sub-culture of Pakistan. Introduction: Description: The word “sub-culture” means a group having social, economic, ethnic, or other traits...
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...New textile policy brings in Rs 3,800 cr investment The Hindu Business Line: October 22, 2012 Mumbai: The textile sector is on the upswing in Maharashtra due to the new textile policy. Since April, the State has managed to attract Rs 3,834 crore in investments in 411 new textile projects, said State Textile Minister Arif Naseem Khan on Monday. Addressing the media after reviewing the process of policy implementation, Khan said that the new projects would provide about 30,000 jobs in the State. Most of the investment has happened in cotton spinning and ginning units. Textile companies are keen to set up units in Vidarbha, Marathwada and the Khandesh due to the ready supply of cotton, he said. “Due to the policy, the sector is likely to get Rs 40,000 crore investment in the next five years and generate employment for 11 lakh people,” Khan said. Khan said that the policy was not a single-window policy but a ‘zero-window policy,’ in which projects would not come to the Government for clearance, The due diligence is done by banks. If a company manages to get its loan sanctioned under the Technology Upgradation Fund Scheme from banks, then it is eligible for subsidy, he said. The Union Government initiated the Scheme in 1999, and it has attracted over Rs 4 lakh crore investments in the sector, as of date. Textile Secretary Sunil Porwal said that all the 411 projects have achieved financial closure. For the Rs 3,834 crore investments, about Rs 400 crore will be the subsidy...
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...Abstract: Handicrafts and Textile Handicraft business is related to the accumulation of handmade product from over the country and to sell them in retail shops or to export in another countries. People have a great passion for this type of product because it contains flavour of culture and it has a variety of design. The SWOT analysis of the Handicraft Product can help us to determine the current situation of business, challenges and gaps between demand and supply, source of raw materials and manpower, potentiality of employment, and its prospect for future. Bangladesh is a developing and overpopulated country; thus labor intensive technology can be more appreciable than capital intensive technology for the industries. Application of a large amount of low compensated workers to produce handicraft product will be beneficial for us from dual aspects. The first one is reduction in un-employment thus poverty alleviation and the second one is the earning of handsome amount of foreign currency. . The paper is concerned with narration of the themes. To prepare this paper I visited some local and export oriented handicraft organizations in Dhaka, Narayanganj etc. and discussed with the organization authorities about their business profile and production aspect. I also visited EPB, Bangladesh to get handicraft goods export data of previous fiscal years, Banglacraft and ECOTA for Handicraft business related information.IntroductionThe importance of the Textile Handicrafts and Handicraft sector...
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...Introduction Entrepreneurship is becoming of vital importance in the economies like Pakistan. Entrepreneurship is strongly related to small medium enterprise (SME), which is considered to be the main developing force of the developing economies market. Previously many economists believed that it is the large firm which contributes in the developing of economies and attracts foreign exchange in the country. But there point of view changed when countries like Taiwan, Japan, and Korea established their economies on the bases of SMEs. These economies build up from grass root level to the heights of success. According to Schapper (2006), in developing nations more than 90% of the firms fall under the category of SMEs and he also above than 90% of these firms are microenterprises. Pakistan is also one of the countries focusing on the development of SMEs. Almost 13 years ago Govt. of Pakistan established institution named SMEDA; small and medium enterprise authority, responsible for the guidance and the promotion of SMEs. SMEs are very heterogeneous business operating in many different sectors such as trade, agri- business and manufacturing (Hussain et al, 2009). Pakistan is a very potential market for SMEs. Before very less or no importance is given on the business research which could attract many foreign investments. There are certain issues regarding the success and failures of SMEs which need to explore out and address. What is Entrepreneur? The term entrepreneur...
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...Overview This report serves as a digital communication plan for a fictional fashion retailing brand named, Kiara Designs. This plan will help marketers achieving organizational goals of Kiara based on information at hand regarding online marketing and shopping trends in Pakistan. Throughout this report, it is made sure that the digital marketing goals suggested to the brand are: | Smart | Specific | Measureable | Attainment | Realistic | Timely Company Details Established back in 2013, the brand Kiara Designs fall under the category of Apparel/Lifestyle Brands. Its primary products include clothes, bags, phone pouches, shoes and other related items. Each creation at Kiara is a piece of art, inspired by the desire to introduce Pakistani crafts to the upscale local and international market. The key collections are for women who aspire to be different from the crowd. The organization manufactures items related to apparel category. All our items are hand crafted, hence providing job to underprivileged women in Pakistan. Kiara’s Brand Standing Analysis of Kiara Designs as a brand depicts the company has following mission vision and values: Mission To promote Women Empowerment & "Made in Pakistan" globally Vision Fashion with a cause, as every dress we sell can help change a woman's life. Kiara is not just about fashion, it is socially-conscious fashion. Values * Promote Pakistani Culture * Help Women to empower them * Art for cause All these...
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...establish a mark in the country.” Executive Summary: Crafts Décor is a business that sells handmade handicrafts consisting of products such as handmade candles, beaded tree, ceramic flower work, jute ware. All the products of Craft Decor are unique and made keeping high quality in mind. In this report, the chances of success of Craft Décor have been viewed by marketing techniques.Crafts Décor has developed a marketing strategy that will take into account all the elements of the marketing mix. This will involve individual strategies for pricing, product development promotion and distribution. We have defined the vision mission and values of Crafts Décor. Industrial analysis has also been done in this report. For the product we have conducted the SWOT analysis. We have defined our target segment in the society. In this report we evaluated our competitors and analyzed about our product mix. We have discussed our current position as it is on the introduction stage on the new product development life-cycle and our expectations for the future have also been mentioned. Description of the Business: The nature of our business is to produce handicrafts items such as candles, beaded tree, ceramic flower work and jute ware. All the items that crafts Décor sell are handmade and are manufactured ensuring high quality. The trend of usage of handicrafts for decoration of houses is on rise; that is the reason handicrafts have taken the place of the traditional decoration items, so the products...
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...“A STUDY ON THE WORKING OF THE TEXTILE MANUFACTURING UNIT” BY KUNJAN SHAH SHATAKSHI GOYAL HARSH SHAH UNDER THE GUIDANCE OF SMIT SHAH DIRECTOR SUPERNOVA POLYFABS PVT LTD UNIT OF ETCO SPINNERS PVT LTD MUMBAI ACKNOWLEDGEMENT We would like to express my profound gratitude to all those who have been instrumental in the preparation of this project report. We wish to place on records, our deep gratitude to our project guide Dr. Rajesh Jain, a highly esteemed and distinguished guide, for help and advice. INDIAN TEXTILE INDUSTRY The Textile industry in India traditionally, after agriculture, the only industry that has generated huge employment for both skilled and unskilled labor in textiles. The textile industry continues to be the second largest employment generating sector in India. It offers direct employment to over 35 million in the country. India is the second producer but India will lead in all. According to the Ministry of Textiles, the sector contributes about 14% to industrial production, 4% to the country's gross domestic product (GDP) and 17% to the country's export earnings. The share of textiles...
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...Major areas for final settlement of tax liability : Tax deducted at source for the following cases is treated as final discharge of tax liabilities. No additional tax is charged or refund is allowed in the following cases:- * Supply or contract work * Band rolls of hand made cigarettes * Import of goods * Transfer of properties * Export of manpower * Real Estate Business * Export value of certain items including knit and woven garments. * Local shipping business * Royalty, technical know-how fee * Insurance agent commission * Auction purchase * Payment on account of survey by surveyor of a general insurance company * Clearing & forwarding agency commission * Transaction by a member of a Stock Exchange * Courier business * Compensation against acquisition of property * Premium value over face value of a share * Income from transfer of securities of a sponsor shareholder. * Winning lotteries. Tax Recovery System : In case of non-payment of income tax demand the following measures can be taken against a taxpayer for realization of tax:- * Imposition of penalty, * Attachment of bank accounts, salary or any other payment, * Filing of Certificate case to the Special Magistrate. Advance Payment of Tax : Every taxpayer is required to pay advance tax in four equal installments falling on 15th September; 15th December; 15th March and 15th June of each year if the latest assessed income exceeds Taka four lakh. Penalty...
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...ANALYSIS OF CHIKANKARI INDUSTRY IN LUCKNOW INTRODUCTION Chikankari was invented in Lucknow during the Mughal period. It began as white-on-white embroidery. Pre-partition; the main buyers were from the Muslim community, concentrated to Dhaka, parts of Pakistan, Hyderabad and Lucknow. In the 1990s this industry shifted from being oligopolistic to a monopolistic one, with many new entrepreneurs entering the market. Today, Chikan embroidery in Lucknow is the biggest artisan cluster of India. It employs about 2.5 lakh artisans. It is an international market for its world known Chikankari work. STRENGTHS AND OPPORTUNITIES: Today, the annual turnover of this industry is ₹600 crore. About 15% of the total fabric production of the country is from Uttar Pradesh. Around 30% of the total artisans in India are employed in Chikankari industry. Also, this industry generates revenue of about US$1.2 billion in the state annually. In 2013-14, U.P.’s GDP contributed to 8.46% of the national GDP (U.P.’s GDP–886,410; India’s–10,472,807). Chikankari contributes to 8.12% of U.P.’s GDP (Annual revenue: $1.2bn). Exports: Direct export of Chikan apparels is estimated at ₹60 crore. Indirect export would be at least ₹200 crore annually, thus the potential for export is very large. Tourism: Tourism can help improve the sales. WEAKNESSES AND THREATS: * Unregulated market: Because of the lack of regulation, most of the women workers are exploited because they are denied minimum wages...
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...Bahria university Karachi campus Business plan Art on wheel Group members: Anjali Pinjani Aqsa Rajput Hina Kumari Samia Irshad Sumbal Saleem TABLE OF CONTENTS Description of Business: 3 1.0 Executive Summary 3 Business Idea: 6 Type of Organization 7 Marketing and sales strategy 7 Key success factors: 8 Short-term business goals: 8 Long-term business goals: 8 Mission 9 Vision 9 Socially responsible organization. 10 4.0 Opportunity Analysis & Research 10 Target customer: 11 4.1 Industry Analysis 11 Future Outlook and Trends 12 Market Segmentation 12 Industry and Market Forecast 13 4.2 Environmental Analysis 13 SWOT Analysis 13 Competitive Analysis 14 Analysis of Competitors 14 5.1 Products/Services 17 Products 17 2.2 Services 19 Meeting customer needs: 20 Pricing 21 Type of Payment 21 5.3 Promotion 22 Publicity for your organization 25 Public Relations & Publicity 25 Distribution 26 Access routes : 26 6.0 Management & Operations 27 6.1 Management Team 27 6.2 Research & Development 29 6.3 Facilities 30 Machinery and Equipment 30 Technology Utilization 30 Inventory, Production, & Quality Assurance 30 Production process 30 Production-distribution channel 31 Flow of Orders 31 7.0 Financial Analysis & Projections 34 Record keeping system. 34 7.1 Sources & Uses of Capital 34 Cash reserve & start-up capital: 35 Sources of financing 36 Bootstrap financing...
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...GLOBAL MARKET ASSESSMENT FOR HANDICRAFTS VOLUME I FINAL DRAFT JULY 2006 This publication was produced for review by the United States Agency for International Development. It was prepared by Ted Barber and Marina Krivoshlykova of Development Alternatives, Inc. GLOBAL MARKET ASSESSMENT FOR HANDICRAFTS VOLUME I FINAL DRAFT The authors’ views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. FOREWORD This paper was written as part of the Accelerated Microenterprise Advancement Project (AMAP) Business Development Services Knowledge and Practice (BDS K&P) research initiative. The AMAP BDS initiative’s major objective is “integrating micro and small enterprises into productive value chains to create wealth in poor communities.” The research draws on experience and insights from: • Interviews with leading handicraft buyers in the United States, the European Union, and the Caribbean, including importers and retailers currently sourcing from Haiti, those who have done so in the past, and those who source handmade products from other destinations; • Interviews with market experts, such as product development consultants, designers, enterprise development consultants, and marketing specialists who work with handicraft producers in developing countries; • Discussions with market experts and USAID at a roundtable conducted in Washington...
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...Abstract: Pakistan has important strategic endowments and development potential. The country is located at the crossroads of South Asia, Central Asia, China and the Middle East and is thus at the fulcrum of a regional market with a vast population, large and diverse resources, and untapped potential for trade. The increasing proportion of Pakistan’s working-age population provides the country with a potential demographic dividend but also with the critical challenge to provide adequate services and increase employment Economical view: Pakistan faces significant economic, governance and security challenges to achieve durable development outcomes. The persistence of conflict in the border areas and security challenges throughout the country is a reality that affects all aspects of life in Pakistan and impedes development. A range of governance and business environment indicators suggest that deep improvements in governance are needed to unleash Pakistan's growth potential Pakistan also faces significant economic challenges. The sharp rise in international oil and food prices, combined with recurring natural disasters like the 2010 and 2011 floods had a devastating impact on the economy. As Pakistan recovered from the 2008 global crisis, its gross domestic product (GDP) grew 3.8 percent in Fiscal Year 2009/2010 (FY09/10). The 2010 floods, with an estimated damage of over $10 billion, caused growth to slow down to 2.4 percent in FY10/11. The Pakistan economy grew by an estimated...
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...February 20, 2014 To, Mr. Mohiuddin Chowdhury Lecturer Department of Finance & Banking University of Chittagong Subject: Prospects of banana fiber in Bangladesh Sir, It is our pleasure to submit an idea about “The prospects of banana filter fiber in Bangladesh” as a part of our B.B.A. Program. We tried our best to develop and design idea. Without your sincere co-operation and proper guideline, it would not be possible for us. For this act of kindness, we are grateful to you. This paper is not free from mistake due to some limitations. We hope you will accept it with gracious consideration. Thank you for giving us such an opportunity for working on this topic. It will be our pleasure to provide you any additional information, if necessary. Thank you, Sincerely yours, (On behalf of Group) Inzamam-Ul- Hoque Group member |No |Name |Id | |1 |Umme Nurin Ahmed |11303066 | |2 |Sharmin Akter |11303046 | |3 |Anika Jahan |11303118 | |4 |Jesmin Akter ...
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...INITIATIVES IN PAKISTAN TO ENHANCE THE WOMEN’S ROLE IN DEVELOPMENT: Economic Census of Pakistan – women owned businesses represents only 3% of total enterprises (3.2 million enterprises) in Pakistan. Most of women owned businesses are really small i.e. turnover < 1 million and/or investment < 0.5 millioMost women-headed businesses operate from home Financial matters are handled by male family members Women entrepreneurs are seen in subordinate roles little education, skills, and exposure to business; negligible peer support and business association, low capitalization and poor investment capacity 60% of women entrepreneurs in Pakistan opt for traditional business i.e. beauty parlors, bakeries, boutiques with largest number in garments and handicrafts sectorn. Role of SMEDA for WE Development “The word entrepreneur is derived from the French verb enterprendre that means to undertake”. We can define an entrepreneur as “……One who undertakes a commercial enterprise and who is an organisational creator and innovator” (Gartner.) “Female entrepreneurs are defined as those who use their knowledge and resources to develop or create new business opportunities, who are actively involved in managing their businesses, and own at least 50 per cent of the business and have been in operation for longer than a year” (Moore and Buttner, 1997) International development programs...
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