Speakers at a seminar on Wednesday said Bangladesh has the potential to boom its flower industry.
Dhaka Chamber of Commerce and Industry (DCCI) with the support of United States Agency for International Development (USAID)'s Agriculture Value Chains (AVC) Project organized the seminar on investment opportunities in the flower industry at its office, said a press release.
President of China Horticulture Business Services Heidi Wernett who made a presentation at the seminar said, "The commercial flower sector is booming worldwide. Currently, Bangladeshi farmers are producing US$10-20 million of flowers grown on 6,300 hectares of field."
"The flower industry in the USA is worth of US$26 billion and in China it is worth of US$23 billion. But Asia is the fastest growing region for the flower industry," she said.
In this sector, Wernett said, profitability is 3-5 time higher than the vegetables.
DCCI Vice-President Riyadh Hossain said,"The flower export target was fixed atUS$13 million in FY 2017-18and already overUS$8 million has been earned from July to December. According to Bangladesh Flower Society, around 10,000 hectares of land are being cultivated in this regard."
Chief of Party, USAID's AVC project Paul Bundick, Deputy Chief of Party USAID's AVC project Bani Amin, Contracting Officer's Representative of USAID Bangladesh Aniruddha Hom Roy, DCCI Director Khan Rashedul Ahsan, former DCCI Vice-President MAbu Hurairah were present at the program.
Flower industry has potential to boom