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[🇧🇩] Jewelry Industry in Bangladesh
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Indian businessmen keen to invest in Bangladesh's jewelry industry

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Bashundhara Group managing director and Bangladesh Jewelers' Association president Sayem Sobhan inaugurates the B2B summit 'Sonar Bangla' in Goa, India.

Leading Indian businessmen have expressed their interest to invest in setting up jewelry manufacturing factories in Bangladesh.

They have shown the interest after receiving a request from Bangladesh Jewelers' Association president Sayem Sobhan during an international expo held in India recently, said a press release.

Addressing the opening ceremony of the exposition, the BAJUS president said that Bangladesh has skilled goldsmiths while India has skilled designers, said a press release.

'The collaboration between the two neighbors will help boost the industry. The subcontinent will lead the global jewelry industry with joint efforts. None will be able to hinder the growth of the sector,' he said.

BAJUS in association with Indian company KNC Services Ltd organized the first-ever B2B summit styled 'Sonar Bangla' at five-star hotel The Leela in the Indian state of Goa.

Chief Mminister of Goa Pramod Sawant addressed the inaugural session virtually while Bashundhara Group director Sabrina Sobhan was on stage.

BAJUS vice-[resident and chairman of its Standing Committee on Foreign Trade and Market Development Badal Chandra Roy, Sonar Bangla Expo convener Hasmukh Parekh and KNC Services Ltd founder Kranti Nagvekar spoke on the occasion.

Sayem Sobhan Anvir along with the guests cut the ribbon at the entrance of the expo arena.

After the inaugural ceremony, Anvir held several bilateral meetings with top Indian businessmen in the jewellery sector.

During the meeting, Indian businessmen expressed their interest in investing in setting up jewellery factories in Bangladesh in response to the call of Sayem Sobhan Anvir.

They lauded Bangladeshi artisans and said Bangladesh has a reputation for handmade jewellery.

Taking advantage of this opportunity, Indian businessmen want to come forward with technical and technological support, the release added.

Speaking as the chief guest at the inaugural function, Sayem Sobhan said that India is far ahead of Bangladesh in the jewellery sector and Bangladesh is now trying to stand up.

'My request is that India, as our close friend and neighbour, will extend its hand of cooperation to Bangladesh. I invite Indian jewellery traders to set up manufacturing plants in Bangladesh. If Bangladesh and India work together, the business of both the countries will improve. As a result, we will be able to expand our business more than other countries in the world,'he said.

Making a call upon Indian businessmen, the BAJUS president said you should set up a factory jointly with the member organisation of Bangladesh Jewellers Association.

'Do not associate any jewellery trader who is not a BAJUS member with your business. There are many jewellery traders in Bangladesh who, without being a member of BAJUS, are tarnishing the reputation of this business, do not run any manufacturing factory jointly with them,' he said.

Sayem Sobhan Anvir further said that Bangladesh businessmen will participate spontaneously in response to your call whenever you organise a fair like Sonar Bangla.

'In the same way, when we organise such a fair, you must participate. We were impressed by KNC's hospitality. There was a kind of emotional feeling in KNC's hospitality that inspired us,' he added.

The BAJUS president ended his speech by thanking everyone sincerely. In a video message on the occasion, Goa chief minister Pramod Sawant appreciated BAJUS president Sayem Sobhan Anvir for coming to Goa.​
 

BD can tap huge potential of handcrafted gold jewelry, BAJUS seminar told
Published :
Feb 13, 2023 06:15
Updated :
Feb 13, 2023 06:15

Bangladesh may tap the huge potential of handcrafted gold jewellery in the international market as there are many traditional jewellers in the country.
This was observed at a seminar on the 'Potential, challenges and way forward for the jewelry industry' organized by the Bangladesh Jeweler's Association (BAJUS) at the International Convention City Bashundhara on the sideline of three-day jewelry fair, says a statement.

Industries Minister Nurul Majid Mahmud Humayun was present at the seminar as the chief guest while President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Jashim Uddin and BAJUS President Sayem Sobhan Anvir were present, among others.

According to a keynote presented on behalf of the BAJUS, unavailability of raw gold, lack of large investment, dependence solely on the local market are some of the key challenges to flourish in gold sector.

Besides, there has been no import of gold through legal channel since independence as there has been no proper policy in this regard in the country.

The BAJUS also said the handcrafted gold is a labor intensive industry and there is a significant value addition.

"Such jewelry is mostly crafted in India and Bangladesh. But Bangladesh cannot make a noteworthy contribution to the global market of handcrafted ornaments," the presentation said.

Local jewelers have goodwill for their craftsmanship, but they have to work for Indian companies as they get little scope to work in the domestic market, he said.

India earned $7.83 billion from the export of such jewelry in the year 2020.

Bangladesh lags much behind in terms of overall gold jewelry global market.

In his speech, FBCCI President Jashim Uddin said Bangladeshi gold jewelry has good demand in different countries like the USA, Canada and Middle East countries.

He added the smuggling of the yellow metal has been a major challenge for the sector.​
 

Bangladesh future model of global jewellery industry: Dilip Roy
District Correspondent | banglanews24.com
Update: 2022-04-16 15:29:49

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Speakers at a programme in Faridpur on Saturday said under the leadership of Bangladesh Jewelers Samity (BAJUS) President Sayem Sobhan Anvir, Bangladesh will be a model of the global jewelry industry in the future.

While addressing the Faridpur District Representatives' Meeting-2022 of BAJUS at Faridpur Press Club Hall Room, they hoped BAJUS will be the top business organisation in the country.

Former BAJUS President and Chairman of its District Monitoring Standing Committee Dr Dilip Kumar Roy was the chief guest at the programme with BAJUS of Faridpur district Convener Nanda Kumar Baral in the chair.

In his speech, Dilip Kumar Roy said, "Our main goal is to bring all the gold traders across the country under the banner of BAJUS. These representatives' meetings are being held at the divisional and district levels under the directions of the BAJUS president to unite all."

He also said, "Bangladesh will be a model in the global jewelry industry in the future. The new president of BAJUS, Sayem Sobhan Anvir's business insight, creativity and prudence will further enrich Bangladesh's jewellery industry. Thus, the jewelry industry will regain its lost past heritage in the near future."

"We all want to change the history of the jewellery industry together. Our new leadership Sayem Sobhan Anvir is planning to refine liquid gold and export it abroad. We'll all implement these plans together."

According to other speakers, gold traders will be able to trade in gold with their heads held high. 'Made in Bangladesh' will be inscribed on the gold bars and the gold bank will be set up in the country, they said, adding that no one will be able to claim the gold of the trader as stolen one.

Faridpur Municipality Mayor Amitabh Bose inaugurated the representatives' meeting organised by BAJUS of Faridpur district unit.

Among others, Ward-20 councilor of Faridpur municipality and panel mayor-2 Matiur Rahman Shamim, renowned gold traders Arun Kumar Dutta and Basudeb Karmakar, former general secretary of BAJUS Faridpur Sunil Chandra Karmakar, former convenor of BAJUS Faridpur Amal Chandra Karmokar, Kanaipur Jewellers Samity president Anand karmokar and Bhanga Thana general secretary M Nazrul Islam.​
 

Jewelry machinery expo to be held in July 4-6
United News of Bangladesh . Dhaka 24 June, 2024, 22:21
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The Bangladesh Jeweler's Association is organizing the International Jewelry Machinery Expo-2024 in the first week of July to encourage upgrade technology along with traditional goldsmiths of this sector.

A total of 30 institutions from 10 countries, including India, Turkey, Italy, the United Arab Emirates, Germany, China and Thailand, will participate in this expo, which is scheduled to be held in July 4-6 at International Convention City Bashundhara, Kuril in the capital Dhaka.

On the occasion, BAJUS organized a press conference at its office at Bashundhara Shopping Complex, Panthapath in Dhaka.

In a written statement, Samit Ghosh Apu, vice-president of BAJUS, said that the International Jewelry Machinery Exhibition Bangladesh 2024 was being organized for the first time in the country.

He said that this exhibition was being organized to encourage investors to develop the jewelry industry in the country and set up new factories.

BAJUS general secretary Badal Chandra Roy, spokesperson Dilip Kumar Roy, adviser Ruhul Amin Rasel and CEO of expo associate KNC India Kranti Gagvenkar, among others, spoke in the press conference.

Tags Jewellery machinery expo Bangladesh Jeweller's Association​
 

Indian jeweler Titan to set up factory in Meghna economic zone
Published :
Jun 29, 2024 11:57
Updated :
Jun 29, 2024 11:57
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Titan, one of India's leading lifestyle companies, has decided to setup a factory in the Meghna Economic Zone in Narayanganj through a joint venture with a local enterpriser named 'Rhythm Group' to manufacture and marketing products in Bangladesh for its flagship jewellery brand Tanishq.
A joint venture agreement was signed between Titan Company Ltd of Tata Group and Bangladesh's Rhythm Group at Titan's headquarters in Bangalore city of India's Karnataka state on Friday.

Titan's Managing Director C K Venkatraman and Rhythm Group Managing Director Shohag Hossain inked the deal on behalf of their respective sides while Titan's International Business Division CEO Kuruvilla Markose was present, reports BSS citing a press release.

According to the agreement, a state-of-the-art manufacturing facility for Tanishq's exquisite jewellery will be established in the economic zone.

The jewelries' produced in Bangladesh will not only meet local demand but also be exported to Tanishq's 450 outlets in India and other countries, thereby generating employment opportunities in Bangladesh, said the report.

In the past three years, it said, Tanishq has successfully launched operations in the UAE, Qatar, Oman, USA, and Singapore while the joint venture with Rhythm Group marked a significant step in Tanishq's entry into the Bangladeshi market.

"We aim to offer unparalleled value across the entire value chain, from craftsmen to retailers to customers in the region," said Markose on the occasion.

After signing the agreement, Venkatraman said it is a milestone deal as Titan enters the Bangladeshi market. "We aim to elevate the jewellery industry in Bangladesh and establish the country as a hub for manufacturing Tanishq's exquisite products for the global market," he added.

Shohag Hossain said that they plan to open five Tanishq jewellery outlets in Dhaka shortly after establishing the manufacturing facility in the economic zone.

"Partnering with Titan, India's leading Lifestyle Company from the renowned Tata Group, promises a prosperous future for our country and our diverse business interests," he added.

For over two decades, Tanishq, Titan's flagship jewellery brand from the Tata Group, has been synonymous with superior craftsmanship, exclusive designs, exceptional customer service, and guaranteed product quality, said the release.

Rhythm Group will also be responsible for retail marketing of various Titan lifestyle products including watches, eyewear and skin perfume,​
 

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