SUSTAINABLE ENTERPRISE PROJECT MACHINERY & ELECTRIC PROJECT:
PKSF in collaboration with the World Bank designed a microenterprise development project
titled “Sustainable Enterprise Project (SEP)”.
- The goal of this project is to increase the adoption of environmentally sustainable practices
by targeted microenterprises (MEs).
- The proposed project will support microenterprises in agribusiness and manufacturing
Clusters with a focus on areas that are environmentally stressed and/or vulnerable to climate
change and natural disasters.
Machinery & Equipment is an important sub-sector of the overall manufacturing sectors
in Bangladesh and it is fueling the growth of many other industries in the country. Around
34 Light Engineering (LE) clusters are spread over 18 districts across the country. Its
Market size stands at USD 12 billion, projected to grow to USD 25 billion by 2025.
Local production meets only 50% of local demand, creating tremendous scope for
- Due to the lack of modern machinery, skilled manpower, and proper access to finance,
the MEs cannot maintain the proper quality of the product at a competitive market price.
Thus a significant amount of machinery and equipment is imported, which exhausts a
million dollars each year.
Overview of the Sub-Project
|Economic Activity (Sub-sector)||Spare parts manufacturing (Machineries and Equipment)|
|Title of the Sub-project||Sustainably developing industrial spare parts and equipment manufacturing workshops by adopting environmentally sustainable practice|
|Upazila/ Thana||02 (Keraniganj, Jatrabari)|
|Branches||05 (Kholomora, Rajendrapur, Delpara, SaluliaDonia and Dholaikhal)|
|Number of MEs (covered by PO)||500|
|Project Duration||2 years|