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Singer wants to be a partner in the country's economic success

by endroar

M. H. M. Fairoz: Bangladesh is one of the fastest growing economies in the world, with a growth rate of 5.3 percent in 2023. Bangladesh is the eighth largest country in the world in terms of population. As a result, Bangladesh has the potential to become the ninth largest economy in the world by 2030. At the same time, there is a target to raise the GDP of Bangladesh to one trillion or one hundred million dollars by 2040. In such a promising economy, the consumer market is growing. Consumer behavior is also changing. Singer is the leading company in the durable goods market in Bangladesh. Singer has a strong position in the minds of consumers. With this trust of the consumer, we want to be the top company in the Bangladesh market. Also, I want to be a partner in the economic success of Bangladesh.

The new factory we have built will employ more than 4,000 people. Singer Bangladesh wants to reduce its dependence on imports and focus on developing a local supply system within the country. For that we have set a target of producing more than 90 percent of the products at the local level.

Apart from this, after meeting the local demand, we will also explore the possibility of export. We think that in the future, there is a huge potential to export the products manufactured in Bangladeshi factories.


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