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Best Business Opportunities in Bangladesh - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Bangladesh representing a potential market in itself (and potential access to the much larger South Asian market) Bangladesh also offers considerable potential as a base for labor-intensive manufacturing. Low-cost labour is the factor most often cited by the private as well as the public sector in Bangladesh when asked to name the most attractive features of the country. In addition to its large population and low-cost labour, Bangladesh offers major reserves of natural resources, in particular natural gas.

Bangladesh is a moderate, secular and liberal democracy with immense potentials. It has earned global reputation in poverty alleviation, primary school enrollment, women empowerment, family planning, infant, under-five mortality rate and maternal mortality ratio reduction, lowering number of communicable diseases and child immunization.

Bangladesh is in the process of a transition from a predominantly agrarian economy to an industrial and service economy. The private sector is playing an increasingly active role in the economic life of the country, while the public sector concentrates more on the physical and social infrastructure. Bangladesh has great ambitions that offer great opportunities in the energy, Agriculture, transportation and environmental sectors for the best domestic as well as international enterprises.

Business Sectors and Thrust Areas in Bangladesh

Agriculture Sector

Bangladesh is well known for its progress in human development. The economy of Bangladesh is primarily dependent on agriculture. About 84% of the total population lives in rural areas and are directly or indirectly engaged in a wide range of agricultural activities. Bangladesh has the essential attributes for successful agri-based industries namely rich alluvial soil, a year-round frost-free environment, available water and an abundance of cheap labor. Increased cultivation of vegetables, spices and tropical fruits now grown in Bangladesh could supply raw materials to local agribusiness industries for both domestic and export markets.

Agriculture plays a key role in Bangladesh’s economic growth. Bangladesh’s rural economy, and specifically agriculture, have been powerful drivers of poverty reduction in Bangladesh.

There may be investment opportunities in:

  • Fresh produce production for local and export markets;
  • Production of fertilizers and seeds;
  • Eco-friendly jute production, supported by the jute technology development institute;
  • Aquaculture and Processed fish;
  • Halal foods;
  • Milk and dairy products;
  • Cold storage facilities;
  • Agricultural products for export markets, including herbs, spices, nuts, and pulses;
  • Canned juice and fruits

 

Transportation Sector

Bangladesh's transport and logistics sectors offer immense opportunities for investors, as the country is found most wanting in the area. Improvements in ports, road, rail, and air services are all essential for a country that is in the midst of historic growth.

As of we are a developing country the main development issue is on building the infrastructure to enhance the economic growth as well as achieve the economic freedom. Bangladesh ever since the independence has focused on constructing roads & highways. In last three decades transportation sector & construction of roads has been the top priority of government. Private sector, are ready to invest, in Bangladesh's transport infrastructure and trade logistics, towards Bangladesh's growth. Invest in the country. The government will provide the policy support and security.

Opportunity

  • Replacement and up gradation of old signaling and interlocking system
  • Replacement and up gradation of old signaling and interlocking system.
  • Rehabilitation of old Line.
  • Construction of Railway line from Khulna to Mongla.
  • Procurement of trains for introduction commuter Trains
  • Studies for strengthen/reconstruction of existing Bridges.
  • Construction of missing links in the rail corridor between Bangladesh India border

Transportation sector business is a profitable business. Ever since independence this sector has been dominated by private owners.

 

Power and Energy Sector

Bangladesh has experienced rapidly rising energy consumption over the past two decades. This trend will intensify further in the coming years as economic growth and development efforts accelerate—Bangladesh strives to become a middle-income country by 2021.

Electricity is the major source of power for most of the country's economic activities. Noncommercial energy sources, such as wood fuel, animal waste, and crop residues, are estimated to account for over half of the country's energy consumption. Bangladesh has small reserves of oil and coal, but very large natural gas resources. Commercial energy consumption is mostly natural gas (around 66%), followed by oil, hydropower and coal.

Planned and appropriate use of electricity is fundamental to the economic progress of Bangladesh. There is a huge demand for electricity for all sectors of the economy including agriculture, industry and service sectors. Other than household use of electricity in rural areas, the scale of demand for electricity in agricultural, SMEs and income generating activities is going up.

 

Textile Industry

From spinning to weaving, from knitwear to leisurewear and high street fashions, the textiles and clothing industry is Bangladesh’s biggest export earner. This rapidly growing sector of the Bangladeshi economy offers a unique competitive edge that supports profitable expansion into new strategic markets.

As global demand for cheap clothing rises rapidly, Bangladesh’s position as the second biggest exporter in the world continues to hold strong, which is mainly due to its large population and low labour costs. Bangladeshi manufacturers will be forced to enhance productivity levels in order to maintain their competitive advantage.

The phenomenal growth in the readymade garment (RMG) sector in the last decade created many new factories and employment opportunities. Yet, even with these challenges ahead, as global trade picks up in the coming years, demand for Bangladeshi garments is also expected to increase, thereby prompting much-needed economic growth for the developing state. Enormous investment opportunities exist in this sector. In the RMG industry demand for fabric significantly exceeds local supply and so is currently being met by imports.

The importance of the textile industry in the economy of Bangladesh is very high. The growing trend in the textile and the RMG sector means that Bangladesh is favorably positioned to appeal to foreign investors.

Sector highlights:

  • Low-cost and high-quality products that are produced on time, reliably and very competitively with a skilled work force;
  • A unique regional location for expansion into key Asian and other markets;
  • Privileged trading status with Canada, the EU and Japan;
  • Clusters of companies providing a local supplier base with depth in skilled labour, training, and technical development facilities.

There may be investment opportunities in:

  • Carding Cloth
  • Silk Reeling Unit
  • Jeans, Cotton Casuals & Shirts
  • Implantable Surgical Suture (Biomedical Textile)
  • Acrylic Blanket for Warming Human Coverage Purpose
  • Viscous Rayon
  • Readymade Garments (T-Shirt)
  • Sanitary Napkins
  • Jeans Manufacturing Unit

 

Jute Sector

Jute is a vital sector from economical, agricultural, industrial, and commercial point of view in Bangladesh. Once upon a time jute was called the ‘Golden Fibre’ of Bangladesh. It is one of the cheapest and the strongest of all natural fibers and considered as fibre of the future. Jute is second only to cotton in world's production of textile fibers. The jute trade is centered mainly on Bangladesh and the Indian State of West Bengal. The major producing country of jute is Bangladesh, due to its natural fertile soil. Being a major player in the long history of jute trade and having finest natural fiber, Bangladesh has always had an advantage in raw jute trading. Bangladesh is still the largest producer and exporter of raw jute in the world. After the emergence of Bangladesh as an independent state the contribution of the industry to the nation's GDP and in the field of employment declined (in absolute and relative terms). But Still the jute industry must be said to be playing an important role in the national economy: it provides direct employment to about 150 lakh people even after the closure of 40 per cent of its production capacity, pays over Tk 100.00 crores for insurance and similar amount as cost of internal transport of raw jute, earns about Tk 150.00 crores worth of foreign unchanged and consumes 30 lakhs of raw jute, thereby benefiting millions of jute cultivators.

There may be investment opportunities in:

  • Jute Garments
  • Coir Pith
  • Jute Twine (Jute Rope) & Gunny Bag from Raw Jute
  • Jute Yarn, Jute Sutli & Hessian Cloth Weaving Integrated Unit
  • Jute Shopping Bags
  • Jute Ropes/Sutli
  • Jute Mill (With Spinning & Weaving)
  • Activated Carbon Powder from Jute Sticks


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Ferrous Sulphate

Ferrous sulfate is mainly used as a precursor to other iron compounds. It is a reducing agent, and as such is useful for the reduction of chromate in cement to less toxic Cr(III) compounds. Historically ferrous sulfate was used in the textile industry for centuries as a dye fixative. It is used historically to blacken leather and as a constituent of ink. The preparation of sulfuric acid ('oil of vitriol') by the distillation of green vitriol (Iron(II) sulfate) has been known for at least 700 years. Ferrous Sulphate Market is predicted to grow at a CAGR of 10-15% from 2018 to 2023.
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Return: 1.00%Break even: N/A
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Rubber Band

Rubber band manufacturing is one of the viable small scale business concepts which any of the aspiring entrepreneurs can explore for a successful business setup. The best part of starting a rubber band manufacturing business is that it can easily be started at home with fewer machinery and very small investment. So if you are the person who wants to be your own boss, then this is another small business idea which can help you to succeed at large. The rubber band is the most commonly used item in our daily life and most importantly at present, there is no other substitute product for rubber bands. The market potentiality of rubber band manufacturing is huge and every year it is growing in high scale due to the increase in demand.
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Return: 1.00%Break even: N/A
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Plastic Spectacle Frame

Plastic frames are affordable and come in a variety of styles and colors. Like metal frames, there are numerous types of plastics; whichever one works for you depends on your personality. One of the options that is known for being sturdy and lightweight is zyl. It is both cost-effective and stylish, coming in a variety of colors and shapes. Another option is nylon plastic. Also lightweight and strong, nylon plastic is virtually unbreakable and; thus, popular among athletes. Unfortunately, though, nylon frames tend to weaken over time due to sun exposure and are only available in darker colors because of its material. Another plastic frame option is acetate – they are hypoallergenic and come in a variety of colors and can really make a bold statement. A structure in plastic for enclosing or supporting ophthalmic lenses. Common materials include carbon fibre composite materials, which are a mixture of principally carbon and nylon in different percentages, cellulose acetate, cellulose propionate, nylon, epoxy resin (trade name Optyl), and Perspex and Plexiglas (which are both trade names for acrylic plastics containing mainly polymethyl methacrylate). The rise in disposable income has resulted in the increased purchase of eyeglasses, especially spectacle frames and sunglasses, which are perceived as a fashion accessory. Consumers are likely to buy a new set of eyeglasses or replace the old ones. Furthermore, the growing preferences of luxury and branded sunglasses are contributing significantly to the eyewear demand. Consumers are exhibiting preferences towards the premium product segment and are willing to spend more on these products. Vendors have introduced innovative eyewear products to cater to various needs of the customers.
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Return: 1.00%Break even: N/A
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Metal Spectacle Frame

Metal frames are basically the classic in the glasses world, they are like what a Ford Thunderbird is to the car world. They are the most durable. They come in variety of metals, including titanium, flexon, and stainless steel. These frames typically have more options available when it comes to texture, patterns and colors. The great option is flexon, which is considered a memory metal. It is strong, flexible, lightweight and hypoallergenic, perfect for the athlete (or those of us who want to pretend that we are athletes). There are stainless steel frames. These frames are also lightweight and corrosion resistant and great for a budget friendly person. Metal is expected to surpass USD 30 billion by 2024. Increasing preference for thin and lightweight material is anticipated to propel demand. Flexibility and durability along with aesthetic appearance are among the key features driving product penetration. Monel is the most common metal frame used globally and estimated to hold 18% of industry share in 2016. It is a mixture of many different materials as a result fairly corrosion resistant and is malleable enough to be durable and adjustable. Trivex are expected to grow at over 3.5% up to 2024. Increasing material demand owing to UV radiation absorption and impact-resistant properties will fuel the product demand.
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Return: 1.00%Break even: N/A
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Tomato Powder

Tomato powder is manufactured by dehydrating tomato and creating a fine powder. Tomato powder is one of the most widely used ingredient in food and beverage industry. It is rich in flavor which has increased its application in various product lines such as seasonings and savories, soup mixes, snack foods, curries and gravies, baby foods and many more. Tomatoes have high levels of glutamic acid, which is the molecule that creates a majority of the umami taste. Tomato powder is the most effecient way to store dehydrated tomatoes. The powder consists of just one ingredient: dehydrated natural tomatoes. It’s an awesome option not only for replacing tomato juice, paste, and sauce, but it can also add flavors in unexpected places. Tomato powder has a wide range of application in food and beverage industry owing to its rich flavoring attribute. Moreover, tomato contains a lot of health promoting phytochemicals and is rich in anti-oxidants which helps to keep skin cells healthy and keep ageing at bay. This has contributed to the growth of tomato powder market in cosmetic industry. Moreover, its use as a healthy supplement is bringing surge in the tomato powder market.
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Return: 1.00%Break even: N/A
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Rolling Mill

A rolling mill which uses the "hot rolling" method is capable of processing more gross weight of metal than any other manufacturing process. Rolling mills which use the "cold rolling" method can process the most tonnage from the entire range of cold working processes. There are many types of rolling processes used in rolling mills, including ring rolling, roll bending, roll forming, profile rolling, and controlled rolling. Rolling is a metal forming process in which metal stock is passed through one or more pairs of rolls to reduce the thickness and to make the thickness uniform. The concept is similar to the rolling of dough. Rolling is classified according to the temperature of the metal rolled. If the temperature of the metal is above its recrystallization temperature, then the process is known as hot rolling. If the temperature of the metal is below its recrystallization temperature, the process is known as cold rolling. In terms of usage, hot rolling processes more tonnage than any other manufacturing process, and cold rolling processes the most tonnage out of all cold working processes.
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Return: 1.00%Break even: N/A
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Tobacco Tooth Powder, Tooth Powder from Tobacco Dust

In India, there is a widespread misconception that tobacco is good for the teeth. Tobacco products are popular as a dentifrice in different parts of India and children also use such dentifrices. Among female smokeless tobacco users, the dominating form is tobacco toothpowder (41.3%). Among men it was khaini (57.1%) followed by tobacco toothpowder (8.8%). Many companies take advantage of this misconception and exploiting the addictive nature of nicotine by packaging and positioning their products as dental care products without explicitly stating so. Oral hygiene has assumed great importance in Indian households in the recent past and fast moving consumer goods (FMCG) companies are arming themselves to the teeth to capture a large share of this fast growing market. India oral care market has shown tremendous growth by value & volume in last few years in FMCG sector of India. Growing oral care market is driven by change in life style of consumers, demand of premium products, rising of disposable income etc. Penetration level of oral care products in urban area is high. India Oral care market is fragmented in 5 categories includes toothpaste, toothbrushes, toothpowder, mouthwash and others. Toothpaste is dominant in oral care market. It is a primary product in daily oral hygiene has huge presence in urban and rural area. Increasing health and personal oral hygiene, Indians are now more aware how their diet affecting their teeth and mouth. Indian is now willing to pay more for prevention attention. This has helped toothpaste category to grow drastically in oral care market.
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Return: 1.00%Break even: N/A
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Manufacturing of Sodium and Ammonium Molybdate

Global Inorganic Chemicals Market to Grow 4.5% by 2022. Manufacturing of Sodium and Ammonium Molybdate. Project Opportunities in Production of Inorganic Compound Sodium Molybdate Sodium Molybdate also known as disodium dioxide (dioxo) molybdenum is a chemical compound extensively consumed in fertilizer application. Other uses of sodium molybdate include nutritional supplement in food industry and as corrosion inhibitor in industrial applications. Sodium molybdate is often found as dehydrate and was first synthesized by the method of hydration. Sodium molybdate is an organic salt which is found in dietary supplements and other nutritional supplement. Sodium molybdate is a good source of molybdenum, it is used to for nitrogen fixation to support healthy growth of leguminous plants such as peas & leans, clover & Lucerne. Sodium molybdate is used as corrosion inhibition in industry. In addition, sodium molybdate is also used for reducing nitrite requirement of fluids inhibited with nitrite-amine in chemical plants and improves corrosion protection. Sodium molybdate is a chemically altered form of the mineral element, sodium. Sodium is a natural salt, and sodium molybdate is used in the food industry as a fertilizer and nutritional supplement for health. The agricultural industry uses large quantities of sodium molybdate as fertilizer, particularly on vegetables such as broccoli and cauliflower. It is also fed to some cattle to help treat copper deficiencies. As a result of its use on food products you consume, trace amounts of sodium molybdate may end up in the food supply. Sodium molybdate in your food can have a variety of effects on your body, although its complete effects are not fully understood. Sodium Molybdate is useful as a source of molybdenum. It is often found as the dihydrate, Na2MoO4•2H2O. The molybdate (VI) anion is tetrahedral. Sodium molybdate can help correct a sodium deficiency by adding extra sodium to your body; however, sodium molybdate is ingested in such small amounts its contribution to your overall sodium stores is probably negligible. Once in your body, the molybdenum molecule is cleaved off of the sodium molecule and can have positive effects on your health. Rapid industrialization across the globe is leading to increasing discharge of waste water and associated chemicals in to ecosystem, stringent government regulations on water disposal and environmental safety is leading towards increasing capacities of chemical and water treatment. Sodium molybdate is used for corrosion inhibition and water treatment in these facilities. Such investments in these facilities are expected to drive sodium molybdate consumption across the globe. Sodium molybdate is emerging as possible alternative additive for sodium dichromate in the electrolytic production of sodium chlorate to reduce environmental impact without hampering performance in maintaining high current efficiency. Increasing use of sodium molybdate for aforementioned applications is a growth factor for sodium molybdate consumption in near future. Global Sodium molybdate market can be segmented on the basis application, product type, and region. Applications of sodium molybdate has a wide span, due to low toxicity it is used in wide array of applications such as in inks, dyes and pigments, fertilizers, ingredients in food and water treatment agents. It is also used in pharmaceutical industry as an analytical reagent. On the basis of prominent applications, global sodium molybdate market can be segmented as: • Water treatment • Fertilizer • Pigments & dye • Corrosion inhibition • Others Ammonium Molybdate Ammonium Molybdate is an odorless crystalline compound ranging in color from white to yellow-green. Ammonium Molybdate also called molybdic acid hex ammonium, salt tetrahydrate, ammonium molybdate tetrahydrate, and ammonium heptamolybdate tetrahydrate. Molybdate is an odorless compound containing molybdenum and oxygen ions. Ammonium molybdate is an organic compound, which is manufactured by reacting molybdenum trioxide in the presence of excess ammonia. The compound is available in different physical forms: solid powder, liquid, crystals, and chunks. Uses: • As an analytical reagent • Presence of phosphates, silicates, • Arsenates and lead in pigments • In the production of molybdenum metal • In the preparation of dehydrogenation • In the fixing of metals • In electroplating • In fertilizers for crops. The compound is also used as a catalyst in production of polymers and other commercial chemical processes. Ammonium molybdate is also applied as an intermediate in some industries. Due to bright color of molybdate, the compound is employed in paints, inks, and as an indicator & reagent in different colorimetric chemical experiments. Ammonium molybdate is employed as an analgesic in the medical industry. It is employed as a source of molybdate ion for the production of molybdenum metals and ceramics. Ammonium molybdate is manufactured in different grades such as reagent & technical grade, laboratory grade, food & pharmaceutical grade, and industrial grade. These grades are utilized in different industries. Based on region, the ammonium molybdate market can be divided into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. The global Ammonium Molybdate Market industry has experienced an astonishing change structure-wise such as enhancements in technology, increasing raw material costs, manufacturing base been channeled to Asian countries, novel promising growth markets, etc. The global ammonium molybdate market can be segmented based on product type, application, end- use industry, and region. In terms of product type, the ammonium molybdate market can be segmented into ammonium orthomolybdate, ammonium molybdate tetrahydrate, ammonium octamolybdate, and others. Ammonium molybdate tetrahydrate is also known as ammonium heptamolybdate. It is manufactured by liberating ammonium upon heating ammonium orthomolybdate. In terms of application, the market can be divided into analytical reagent, fertilizers & micronutrient, catalyst, metals & ceramic, electroplating, corrosion inhibitor, pigment, and others. Ammonium molybdate is used in end-use industries such as chemical manufacturing, molybdate products, life science, research & laboratories, and others. Demand for ammonium molybdate is expected to be higher in the chemical manufacturing segment in the next few years. Increasing cost of raw materials and toxicity of ammonium molybdate are estimated to restrain the ammonium molybdate market. The compound is harmful for eyes, skin, kidneys, blood, and respiratory tract if swallowed or inhaled. Asia Pacific is estimated dominate the market in the near future. Industrial and economic growth in the region, and increase manufacturing capacities are boosting the ammonium molybdate market in Asia Pacific, particularly in China, Japan, and India. The ammonium molybdate market is anticipated to expand at a rapid pace in North America. 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Return: 1.00%Break even: N/A
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Investment Opportunity in Bicycle and Cycle Rickshaw Manufacturing Industry

Investment Opportunity in Bicycle and Cycle Rickshaw Manufacturing Industry. Best Industry for Starting a Business. Bicycles are one of the world's most popular modes of transportation, with some 800 million bicycles outnumbering cars by two to one. Bicycles are also the most energy-efficient vehicle—a cyclist burns about 35 calories per mile (22 calories per km), while an automobile burns 1,860 calories per mile (1,156 calories per km). Bicycles are used not only for transportation, but for fitness, competition, and touring as well. They come in myriad shapes and styles, including racing bikes, all-terrain bikes, and stationary bicycles, as well as unicycles, tricycles, and tandems. Bicycles are widely used for transportation, recreation, and sport. Throughout the world, bicycles are essential to moving people and goods in areas where there are few automobiles. Intensifying traffic congestion issue and elevating fuel prices are foreseen to remain the key factors driving the need for cycling, and raising the demand for bicycles thereby. Growing health concerns among consumers, in addition to surging acceptance of green transportation in an effort to reduce carbon footprint, will play a pivotal role in the growth of global bicycle market in next eight years. Moreover, increasing government support encouraging adoption of bicycles and rapid development of dedicated cycling infrastructure in developed as well as developing economies will reportedly push the sales of bicycles in upcoming years. A growing application base of bicycles in trekking and recreational activities, coupled with a soaring number of cycling events will specifically uplift the demand for sports bicycles in near future. A bicycle is a common mode of transport for people in rural areas particularly within low income societies, but is continuously gaining traction in urban areas as well especially among successful and affluent people. The Indian bicycle market comprises of mainly roadsters, fancy, kids and other types of bicycles. Other bicycles include cycles meant for different purposes like mountain bikes, sports bike, hybrid bike, touring bike, etc. The categorization of bicycle market can be done based on end user viz. retail sector and institutional sector. Retail sector encompasses residents or people who buy bicycles for their personal use or for their near and dear ones from retail outlets. Whereas institutional sales are usually done in bulk and the prospective customers include Central or State Governments or societies or clubs at times. The bicycle market in India is projected to grow at a CAGR of over 11%, during 2016-2021, on account of growing population base, increasing discretionary spending and rising health consciousness among people. In India, cycling is being swiftly adopted as a means to stay fit and as a popular recreational activity. Further, many of state governments have started construction of dedicated bicycle lanes in major cities to encourage cycling, as an environment friendly means of transportation. Large share of the country’s total population is based in rural areas, where roadster bicycle is an important mode of transportation. With constant increase in volume demand for roadster bicycles in India, the segment is anticipated to continue dominating India bicycle market. Due to unavailability of efficient transportation facilities and appropriate road network in rural part of India, roadster bicycles are extensively used for transportation. Moreover, many state governments have also distributed bicycles to school children India, one of the fastest growing economies in the world, is witnessing high demand for sports bicycle. Growing focus on fitness and health, and increasing trend of using cycles to commute to work is projected drive sales of sports bicycles in the country during the coming years. On the back of growing demand for sports bicycles in the country, many international players have introduced their products in India bicycle market. Although, India has emerged as one of the major manufacturers of bicycles in the world, the country imports considerable number of high-end or premium bicycles from other countries to address domestic demand for high end bicycles. As sharing and rental services are currently gaining higher traction in the global bicycle market, stakeholders are increasingly striving to adapt to this trend. Moreover, a large number of corporate embracing cycling as a sustainable alternative to commute will be a significant factor impacting the sales of bicycles in next few years. At a moderate CAGR of 4.2%, the global market for bicycle will attain the revenue approaching US$ 80 Bn during 2018-2026. The market was valued at around US$ 55 Bn in 2017 and holds optimistic growth prospects over the assessment period. The global bicycle market is expected to grow moderately over the next few years. Adoption of a healthy lifestyle among people has given rise to fitness consciousness. Increasing popularity of mountain biking as a sport has propelled the sales of marketing bikes. Additionally, rising fuel costs, increased congestion on roads, lack of parking space, etc., are some of the drivers expected to spur bicycle market growth. Another key factor that is expected to drive this market is the increased focus on eco-friendly means of transportation in order to curb pollution. Bicycles are emerging as alternatives for shorter distance transportation that cause no pollution. Moreover, regulatory initiatives to promote cycling in order to reduce harmful carbon emissions and noise pollution are expected to be favorable for industry growth. In most of the developed countries, there has been a strong cycling facilities construction and bicycle facilities have received good support from the Governments. High energy efficiency along with perception of cycling as a fitness activity has contributed to increase in demand. Increasing costs of raw materials and growing demand and popularity of fuel driven bikes or motor bikes may hamper market growth in the coming years. The absence of cycling tracks in most parts of developing countries like India due to saturation of road width and inability of further road expansion can be a hindrance to the growth of this market. The Cycle Rickshaw is a small-scale local means of transport; it is also known by a variety of other names such as bike taxi, velotaxi, pedicab, bikecab, cyclo, beca, becak, trisikad, or trishaw. A Cycle Rickshaw is often hailed as environment-friendly and an inexpensive mode of transportation. Since it is considered as Indian traditional ride they are almost used in each and every part of India which includes villages, small towns, metros, heritage sites etc. In metros these are used inside institutional areas, market places and also in narrow and crowded lanes where there is accessibility problem for vehicles. Cycle Rickshaw - Doorstep service. - Convenient for Local Shopping. - Important Source of livelihood for the Poor. - Cost Efficient. - Poor Man’s Taxi. - Safe Transport for Local Schools. - Use for Garbage Collection. - Inexpensive and convenient mode of carrying goods over short distances. - A Tourist Attraction. - A Home and Rest Place Away from Home. - They do not require petroleum fuel and are thus inherently non-polluting. There are guesstimates that close to 1 million cycle rickshaws ply on the Indian roads carrying about 3-4 billion passengers-km/year. In some cities they are the major means of transport. They provide employment to about 700,000 rickshaw pullers, are very maneuverable and are completely non-polluting and hence environmentally friendly means of transport. It is very unfortunate that deliberate policies in most of the urban towns have been made by the concerned authorities to phase out these rickshaws. Hence these nonpolluting vehicles are being replaced by polluting (both air and noise wise) petrol and diesel powered 3wheelers. One of the reasons for authorities to phase out these rickshaws is because they are considered humanly degrading. An electric cycle rickshaw can take care of this issue besides providing extra income to a rickshaw puller. Cycle rickshaws also play a crucial role in employment and poverty alleviation in many countries in Asia. In most developing countries, the rickshaw pullers are migrant workers from rural areas looking for employment in urban areas. Rickshaws are one of the most important contributors to the Bangladeshi economy; nearly 6 % of Bangladesh’s GDP is contributed by rickshaw pullers. Around 20 % of the Bangladeshi population relies directly or indirectly on rickshaw pulling. Tags Bicycle Manufacturing Process Pdf, Bicycle Manufacturing Project Report, How are Bicycles made? Bicycle Manufacturing Business Plan, Manufacturing Process of Bicycle, Bicycle Industry, Bicycle Manufacture Business Plan, Bicycle Manufacturing, Bicycle Manufacture, Bicycle Manufacturing Industry, How to Start Bicycle Factory, Bicycle Manufacturing Industry, Bicycle Production, Cost of Setting Up a Bicycle Manufacturing Plant, Bicycle Plant, Project Profile on Bicycle Production, Rickshaw Manufacturing Company, How to Start Rickshaw Manufacturing Business, Bicycle Manufacturing Project Report, Bicycle Manufacturing Business, Bicycle Business Opportunity in India, How to Start Your Own Bicycle Business, Cycle Rickshaw, Bicycle and Cycle Rickshaw Manufacturing, Cycle Rickshaw Manufacture, Cycle Rickshaw Factory, Bicycle and Cycle Rickshaw Project Report, Rickshaw Manufacturing Company, Project Report on Bicycle Manufacturing Industry, Detailed Project Report on Rickshaw Manufacturing, Project Report on Rickshaw Manufacturing, Pre-Investment Feasibility Study on Bicycle Manufacturing, Techno-Economic feasibility study on Bicycle Manufacturing, Feasibility report on Rickshaw Manufacturing, Free Project Profile on Bicycle Manufacturing, Project profile on Rickshaw Manufacturing, Download free project profile on Bicycle Manufacturing
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Investment Opportunity in Bicycle and Cycle Rickshaw Manufacturing Industry

Investment Opportunity in Bicycle and Cycle Rickshaw Manufacturing Industry. Best Industry for Starting a Business. Bicycles are one of the world's most popular modes of transportation, with some 800 million bicycles outnumbering cars by two to one. Bicycles are also the most energy-efficient vehicle—a cyclist burns about 35 calories per mile (22 calories per km), while an automobile burns 1,860 calories per mile (1,156 calories per km). Bicycles are used not only for transportation, but for fitness, competition, and touring as well. They come in myriad shapes and styles, including racing bikes, all-terrain bikes, and stationary bicycles, as well as unicycles, tricycles, and tandems. Bicycles are widely used for transportation, recreation, and sport. Throughout the world, bicycles are essential to moving people and goods in areas where there are few automobiles. Intensifying traffic congestion issue and elevating fuel prices are foreseen to remain the key factors driving the need for cycling, and raising the demand for bicycles thereby. Growing health concerns among consumers, in addition to surging acceptance of green transportation in an effort to reduce carbon footprint, will play a pivotal role in the growth of global bicycle market in next eight years. Moreover, increasing government support encouraging adoption of bicycles and rapid development of dedicated cycling infrastructure in developed as well as developing economies will reportedly push the sales of bicycles in upcoming years. A growing application base of bicycles in trekking and recreational activities, coupled with a soaring number of cycling events will specifically uplift the demand for sports bicycles in near future. A bicycle is a common mode of transport for people in rural areas particularly within low income societies, but is continuously gaining traction in urban areas as well especially among successful and affluent people. The Indian bicycle market comprises of mainly roadsters, fancy, kids and other types of bicycles. Other bicycles include cycles meant for different purposes like mountain bikes, sports bike, hybrid bike, touring bike, etc. The categorization of bicycle market can be done based on end user viz. retail sector and institutional sector. Retail sector encompasses residents or people who buy bicycles for their personal use or for their near and dear ones from retail outlets. Whereas institutional sales are usually done in bulk and the prospective customers include Central or State Governments or societies or clubs at times. The bicycle market in India is projected to grow at a CAGR of over 11%, during 2016-2021, on account of growing population base, increasing discretionary spending and rising health consciousness among people. In India, cycling is being swiftly adopted as a means to stay fit and as a popular recreational activity. Further, many of state governments have started construction of dedicated bicycle lanes in major cities to encourage cycling, as an environment friendly means of transportation. Large share of the country’s total population is based in rural areas, where roadster bicycle is an important mode of transportation. With constant increase in volume demand for roadster bicycles in India, the segment is anticipated to continue dominating India bicycle market. Due to unavailability of efficient transportation facilities and appropriate road network in rural part of India, roadster bicycles are extensively used for transportation. Moreover, many state governments have also distributed bicycles to school children India, one of the fastest growing economies in the world, is witnessing high demand for sports bicycle. Growing focus on fitness and health, and increasing trend of using cycles to commute to work is projected drive sales of sports bicycles in the country during the coming years. On the back of growing demand for sports bicycles in the country, many international players have introduced their products in India bicycle market. Although, India has emerged as one of the major manufacturers of bicycles in the world, the country imports considerable number of high-end or premium bicycles from other countries to address domestic demand for high end bicycles. As sharing and rental services are currently gaining higher traction in the global bicycle market, stakeholders are increasingly striving to adapt to this trend. Moreover, a large number of corporate embracing cycling as a sustainable alternative to commute will be a significant factor impacting the sales of bicycles in next few years. At a moderate CAGR of 4.2%, the global market for bicycle will attain the revenue approaching US$ 80 Bn during 2018-2026. The market was valued at around US$ 55 Bn in 2017 and holds optimistic growth prospects over the assessment period. The global bicycle market is expected to grow moderately over the next few years. Adoption of a healthy lifestyle among people has given rise to fitness consciousness. Increasing popularity of mountain biking as a sport has propelled the sales of marketing bikes. Additionally, rising fuel costs, increased congestion on roads, lack of parking space, etc., are some of the drivers expected to spur bicycle market growth. Another key factor that is expected to drive this market is the increased focus on eco-friendly means of transportation in order to curb pollution. Bicycles are emerging as alternatives for shorter distance transportation that cause no pollution. Moreover, regulatory initiatives to promote cycling in order to reduce harmful carbon emissions and noise pollution are expected to be favorable for industry growth. In most of the developed countries, there has been a strong cycling facilities construction and bicycle facilities have received good support from the Governments. High energy efficiency along with perception of cycling as a fitness activity has contributed to increase in demand. Increasing costs of raw materials and growing demand and popularity of fuel driven bikes or motor bikes may hamper market growth in the coming years. The absence of cycling tracks in most parts of developing countries like India due to saturation of road width and inability of further road expansion can be a hindrance to the growth of this market. The Cycle Rickshaw is a small-scale local means of transport; it is also known by a variety of other names such as bike taxi, velotaxi, pedicab, bikecab, cyclo, beca, becak, trisikad, or trishaw. A Cycle Rickshaw is often hailed as environment-friendly and an inexpensive mode of transportation. Since it is considered as Indian traditional ride they are almost used in each and every part of India which includes villages, small towns, metros, heritage sites etc. In metros these are used inside institutional areas, market places and also in narrow and crowded lanes where there is accessibility problem for vehicles. Cycle Rickshaw - Doorstep service. - Convenient for Local Shopping. - Important Source of livelihood for the Poor. - Cost Efficient. - Poor Man’s Taxi. - Safe Transport for Local Schools. - Use for Garbage Collection. - Inexpensive and convenient mode of carrying goods over short distances. - A Tourist Attraction. - A Home and Rest Place Away from Home. - They do not require petroleum fuel and are thus inherently non-polluting. There are guesstimates that close to 1 million cycle rickshaws ply on the Indian roads carrying about 3-4 billion passengers-km/year. In some cities they are the major means of transport. They provide employment to about 700,000 rickshaw pullers, are very maneuverable and are completely non-polluting and hence environmentally friendly means of transport. It is very unfortunate that deliberate policies in most of the urban towns have been made by the concerned authorities to phase out these rickshaws. Hence these nonpolluting vehicles are being replaced by polluting (both air and noise wise) petrol and diesel powered 3wheelers. One of the reasons for authorities to phase out these rickshaws is because they are considered humanly degrading. An electric cycle rickshaw can take care of this issue besides providing extra income to a rickshaw puller. Cycle rickshaws also play a crucial role in employment and poverty alleviation in many countries in Asia. In most developing countries, the rickshaw pullers are migrant workers from rural areas looking for employment in urban areas. Rickshaws are one of the most important contributors to the Bangladeshi economy; nearly 6 % of Bangladesh’s GDP is contributed by rickshaw pullers. Around 20 % of the Bangladeshi population relies directly or indirectly on rickshaw pulling. Tags Bicycle Manufacturing Process Pdf, Bicycle Manufacturing Project Report, How are Bicycles made? Bicycle Manufacturing Business Plan, Manufacturing Process of Bicycle, Bicycle Industry, Bicycle Manufacture Business Plan, Bicycle Manufacturing, Bicycle Manufacture, Bicycle Manufacturing Industry, How to Start Bicycle Factory, Bicycle Manufacturing Industry, Bicycle Production, Cost of Setting Up a Bicycle Manufacturing Plant, Bicycle Plant, Project Profile on Bicycle Production, Rickshaw Manufacturing Company, How to Start Rickshaw Manufacturing Business, Bicycle Manufacturing Project Report, Bicycle Manufacturing Business, Bicycle Business Opportunity in India, How to Start Your Own Bicycle Business, Cycle Rickshaw, Bicycle and Cycle Rickshaw Manufacturing, Cycle Rickshaw Manufacture, Cycle Rickshaw Factory, Bicycle and Cycle Rickshaw Project Report, Rickshaw Manufacturing Company, Project Report on Bicycle Manufacturing Industry, Detailed Project Report on Rickshaw Manufacturing, Project Report on Rickshaw Manufacturing, Pre-Investment Feasibility Study on Bicycle Manufacturing, Techno-Economic feasibility study on Bicycle Manufacturing, Feasibility report on Rickshaw Manufacturing, Free Project Profile on Bicycle Manufacturing, Project profile on Rickshaw Manufacturing, Download free project profile on Bicycle Manufacturing
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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