After successfully completing 18 consecutive National Furniture Fairs, this year19thedition inaugurated. The 19th National Furniture Fair 2024, the largest exhibition of the domestic furniture industry, is being held at the International Convention City Bashundhara in the capital, with the aim of developing the domestic furniture industry as well as increasing exports outside the country.
The opening ceremony of the fair was organized on Tuesday (October 15).
Md. Hafizur Rahman, Administrator, FBCCI was present as the chief guest in the inaugural function.
Hatil, Akhtar, Omega Furniture, Navana, Regal, Nadia, Brothers Furniture and other famous companies are participating in this biggest event of the domestic furniture industry.
Bangladesh Furniture Shilpa Malik Samity has organized the exhibition. The fair will continue till October 19. 19thNational Furniture Fair 2024 is organized at International Convention City Bashundhara, Gulnaksha (Hall-01), Pushpaguchch (Hall-02). The fair will be open from 10 am to 9 pm, Buyers can visit the fair without tickets. The fair has a total of 185 stalls of 30 furniture manufacturers. It sells furniture as well as home accessories.
In the opening ceremony of the fair, it was informed that currently there is a furniture market of about 500 million dollars in the world. In 2025, the furniture sector market in the world may be worth 65 thousand 46 billion dollars. Bangladesh used to import 100% furniture. Currently Bangladesh is exporting furniture abroad to meet the needs of the country.
Experts said, Bangladesh can do better in this sector if it gets the support of the government. They said that the market of furniture sector in the country is 25 thousand crores BDT. If the tax structure is reviewed, loan support to entrepreneurs, establishment of separate furniture industrial park, VAT structure is simplified and skills of entrepreneurs and workers of this sector are increased, Bangladesh can capture a large part of the international furniture market.
Speaking as the chief guest at the opening ceremony FBCCI Administrator Md. Hafizur Rahman said, furniture sector is a big potential sector of Bangladesh. About 2.5 million people are involved in this sector. We are working to further expand the scope of this industry.
Referring to this industrial potential export sector, he said, we are working to resolve VAT-tax and other complications in this sector.
He told the traders to keep an eye on the price of furniture within the purchasing power of the middle class.
Salim H. Rahman, Chairman, Bangladesh Furniture Shilpa Malik Samity presided over the event. Md. Anwar Hossain, Vice-Chairman and CEO, Export Promotion Bureau, Bangladesh (EPB) and Dr. KM Akhtaruzzaman, President, Bangladesh Furniture Exporters Association and Director, FBCCI presented as special guest in the event. Alhaj Sheikh Abdul Awal, Convener, Fair Committee and Vice Chairman, Bangladesh Furniture Shilpa Malik Samity; A. Karim Majumdar, Organizing Secretary, Bangladesh Furniture Shilpa Malik Samity; Md. Elias Sarkar, Secretary General, Bangladesh Furniture Shilpa Malik Samityetc Also presented.