Commerce Minister Tipu Munshi says that almost 40 million Bangladeshis now possess substantial spending power, comparable to that of Europeans. “Some people in our country have entered high economic class,” he said during the opening of the National Furniture Fair on Tuesday. He encouraged furniture traders to produce European-style furniture, as a considerable number of Bangladeshis can now afford such products. While acknowledging the importance of attracting local buyers to the fair, Munshi urged the industry to explore strategies to entice foreign customers, emphasising the need to broaden the sector’s appeal. “As we have a large labour pool, we can even compete with China if we put the labourers to good use,” he said.

Source: bd News24 October 17, 2023 18:32 UTC