Flower industry has great opportunity to boost the country’s economy, speakers said at a seminar on Wednesday.
Bangladesh is a favourable place for flower industry though this sector is yet to get momentum, they also said.Variety of flower, access to finance, green house infrastructure with adequate irrigation system, export market, research and development, training, skill development, transportation are some of the challenges in this sector, they stressed.
Flower export target was fixed at $13 million in Fiscal Year 2017-18 and already more than $8 million has been earned from July to December, DCCI Vice President Riyadh Hossain said at a seminar.
Global consumption of cut flowers is estimated at a staggering $40 to $50 billion per year. There are around 145 countries involved in the cultivation of this ornamental crop, he added.
According to Bangladesh Flower Society, around 10,000 hectares of land are being cultivated in this regard.
Dhaka Chamber of Commerce and Industry (DCCI) with the support of USAID’s Agriculture Value Chains (AVC) Project organised a seminar on investment opportunities in the flower industry at DCCI in the city on Wednesday.
China Horticulture Business Services, LLC President Dr. Heidi Wernett made the presentations.She said that the commercial flower sector is booming worldwide. Currently Bangladesh farmers are producing $10-20 million of flowers grown by 2,00,000 farmers on 6,300 hectares.
The flower industry in USA is worth of 26 billion and in China it is worth of 23 billion. But Asia is the fastest growing region for the flower industry. In this sector, she said that profitability is 3 to 5 time higher than the vegetables.
USAID’s AVC project Chief of Party Paul Bundick, USAID’s AVC project Deputy Chief of Party Bani Amin, USAID Bangladesh Contracting Officer’s Representative Aniruddha Hom Roy, DCCI Director Kh. Rashedul Ahsan, DCCI former Vice President M Abu Hurairah were present at the seminar.
DCCI Secretary General AHM Rezaul Kabir gave vote of thanks.