Insight to Furniture Industry in Mirpur Essay

5185 Words Jun 8th, 2014 21 Pages
Insight to Furniture Industry in Mirpur | SMEs in Bangladesh | | Prepared For:Sheikh Morshed JahanAssociate ProfessorPrepared By:Group 1, Section B, BBA 20thMushreka Afroze Khan RH 68Adnan Faiaz Mahmud ZR 73Rezwan Arefin ZR 75S.M. Samiuzzaman ZR 77Wasif A. Khoda Rubab ZR 104Mehnaz Fatima Khan RH 107Ayman Ahmed ZR 108Sadia Afrin RH 117Ryan Fardin Sakib ZR 119Zahin Azad Moslem ZR 121Md. Samiul Hossain ZR 125Institute of Business Administration, University of DhakaApril 27, 2014 | |

Contents Introduction 3 Industry Overview 3 Furniture Industry in Mirpur 3 A Brief Introduction to SMEs 4 The Entrepreneurs 5 Current Scenario 6 Factors affecting Industry 6 Factors affecting company 6 Perception of Entrepreneurs 7
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A number of large companies have their factory in Savar and Gazipur area. Number of large companies is few compared to the total number of furniture industry in Bangladesh. There are 15 large Furniture companies doing their business in the country which includes Otobi, Navana, Hatil, Partex, Brothers etc.
Furniture Industry in Mirpur
This cluster began its operation in 1991 and currently contains about 150 furniture manufacturers in the Mirpur area of Dhaka. Among these companies, there are 4 large furniture companies while the rest falling into the SME category as defined by the Ministry of Industries. All of these companies produce their own furniture either in their own shop or in a factory in another city. The furniture is then placed for sale in the same shop with the company effectively acting as both manufacturers and retailers. Most of these medium and small companies are sole proprietorships with a few being partnership.
A Brief Introduction to SMEs
Small and medium enterprises (SMEs) or small and medium-sized businesses (SMBs) are companies whose personnel numbers fall below certain limits. Small enterprises outnumber large companies by a wide margin and also employ many more people. SMEs are also said to be responsible for driving innovation and competition in many economic sectors. SMEs are recognized

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