Future Industry And Our Possibilities | 2017-04-14 | daily-sun.com


Future Industry And Our Possibilities

Dr. Mohammad Asaduzzaman Chowdhury

14 April, 2017 12:00 AM printer

Future Industry 
And Our Possibilities

Time, life and science are the sources of technological change and development. Technological change and development are also related to the long and short term planning based strategies. The strategies to control the world market by new technological development of a country are very concerning issues.


The strategies of India and China for manufacturing products can be taken as examples. They followed two strategies - one is ‘reverse engineering’ and the other one is ‘technology transfer’. They were also concerned about the technological change and product-based manufacturing industries. The strategy is like that “in past, we were there, at present we are here but we are looking forward to the future”.


At present our country is also taking the issues of technological change and manufacturing products into consideration. There are now pharmaceutical companies, food and chemical industries and textile industries in our country. Recently these three types of industries have created the opportunities of economic development in our country. In most of the cases the strategies are made for short-term range. But it should be considered for long-term basis.


Because the sustainability of the development projects of a country is a very important indicator. Apart from these while establishing industries some factors must be considered.



First of all, the industrialists, in several cases, do not care about the quality of the products. They ignore the continuous quality development aspects of their existing products as well as their competitors in the world. The most of the industrialists of our country believe that establishing “R & D” (research and development) department is a waste of money. But this idea is totally wrong. Once jute was the golden fibre of Bangladesh. So, Adamjee Jute Mill was established but “R & D” was not considered for maintaining the steady level of demand of jute throughout the world. With time being, the demand of jute fiber declined and as a consequence, Adamjee Jute Mills was closed. But the new hope is that recently the researchers have taken some initiatives to use jute fiber as an important element for varieties of applications. This has been possible only because of the steps taken after adequate researches and development works. Currently, jute is being used as reinforcing fibers for manufacturing hybrid and non-hybrid composite materials.


Another limitation is that the most of the industrialists are not concerned about the technological change and training and development of their employees.


Peter Drucker mentioned about “perpetuation and renewal” in his modern organizational management theory. He truly said organization should renew itself continually for its long term sustainability. Another problem lies with the relationship between labour and management. This is completely contradictory with the concept of “Esprit de corps” and “mental relationship” principles. The modern concept of the industrial development depends mostly on the basis of relationship and motivation and fairness in remuneration are only the possible ways to solve these problems. The frustration and intra, inter and group conflicts are raised due to unfair low payment of the employees. This should be resolved for continuation of production and scheduling.


At a time when different prospects are visible our industrialist should think about the manufacturing of advanced materials in our country. They should invest their capital for material manufacturing industries. Polymer material, polymer based composite, smart material, functional integrated material, metal matrix composite, ceramic based composite, nano technology-based materials can open the new window in the near future. The research of material is going on and already some materials are commercially used for energy generation in some of the developed countries. Our industrialists can also invest in bio-lubricant industry. Bio-lubricant industry can create the opportunity for economical growth of Bangladesh. New product development ideas should be generated continuously using long and short term strategies and polices and budget should be allocated for motivating the industrialists and researchers.


(The writer is a Professor, Dhaka University of Engineering and Technology.)