Prospect and Challenges of Basic Chemicals Industries in Bangladesh

Chemical sector of our country was too much import dependent. Traders were predominant in the market. In last three decades trading surplus has accumulated and now the time has come to transfer the fund to capital market. Market competition is getting sharper and sharper everyday. It is very high time to thing about value addition. Our industrial development was too much garments oriented and this is time for product diversification. Garments sector is now dependent on import for chemicals. As the market has already developed in the country we should set up chemical plants in the country.