Bangladeshi cement manufacturers have already made a strong footprint in the Indian market, contributing to the country’s overall export growth.
According to Export Promotion Bureau (EPB) data, Bangladeshi cement manufactures exported cement worth $4.66 million in 2018-19 fiscal.EPB data show that Bangladesh bagged $2.28 million from cement exports in the first six months (July-December) of current FY 2019-20. The total export income from cement, cement, stone and related products stood at $5.03 million in the first half of the current fiscal.
The country exported cement worth $12.59m in 2017-18 fiscal and $10.79 million in the previous fiscal. Some 60 per cent of the total cement exports were made to India.
Bangladesh started exporting cement in 2003 and now eight companies are exporting their cement. Leading Bangladeshi cement manufacturers and exporters include Bashundhara Cement, Crown Cement, Shah Cement, Fresh Cement and Metrocem Cement.
Bangladesh exports cement mainly to India, Myanmar, Nepal, Maldives and Sri Lanka. Of these, India, especially its seven sister states, are the biggest market for Bangladeshi cement.
Sector insiders said that Bangladeshi cement is gaining popularity in India due to lower shipping cost, competitive price and its quality.
Md Shahidullah, 1st Vice-President of Bangladesh Cement Manufacturers Association (BCMA), told the Daily Sun that India is the largest destination for Bangladeshi cement and the sector has a huge prospect in India.“The growth was a little bit sluggish last fiscal due to devaluation of dollar against the Indian rupee. However, the growth has been increasing in the current fiscal and it will grow further in coming days”, said Md Shahidullah who is also Managing Director of Metrocem Cement.
He also said African countries are also keen to import cement from Bangladesh.
“Demand is coming from African countries. We are working on this and would start exploring this market soon,” said Md Shahidullah, adding that quality and competitive price of Bangladeshi cement are attracting foreign customers.