Bogra - Economy

Economy

As of 2009, there has been a significant development in town infrastructure. with new advanced urban planning. The town roads have been restructured and widened and telecommunications have greatly improved within the city. Gas connection through buried pipes has been set up. As of 2009, red chili production in Bogra has taken a large shape, for which many companies like Square, Acme, BD Food are collecting chili from as many as 12 centers of Bogra. The business turnover has crossed 100 crore. Often Bogra is also called the town of Banks with online banking facilities, credit cards, debit cards, money gram; most of the banks of Bangladesh have at least one or more branches in this town, some times also in the villages. Banking in Bogra has significantly expanded with the branch of Govt banks such as the Bangladesh bank (Central bank), Sonali Bank, Rupali Bank, Janata Bank, Rajshahi Krishi Unnayan Bank, Bangladesh Development Bank Ltd., Uttara Bank Ltd, Agrani bank, on the other hand expansion of private and specialized banks like Pubali Bank, National Bank, IFIC bank Ltd., Citi Bank Ltd., AB Bank Ltd., Eastern Bank, Bangladesh Small Industries and Commerce Bank, Prime Bank, Al Arafa Islami Bang Ltd., Export Import Bank of Bangladesh Ltd., Dhaka Bank, United Commercial bank Ltd., National Credit & Commerce Bank Ltd. (NCC), Bank Asia Ltd., SouthEast Bank Ltd., One Bank, Islami Bank, Standard Chartered Bank, Premier bank, Dutch Bangla Bank, Social Islami Bank Ltd., BRAC Bank, Standard Bank Ltd., Shahjalal Bank, First Security bank Ltd., Bangladesh Commerce Bank Ltd., Mercantile Bank are among the main banks in the town and rural areas of Bogra district. You can see lots of 24 hours ATM (Automated teller machine) boots with security guards, logo of money transfer, American Express Cards (AMEX), VISA Credit Cards, Master Cards, VISA debit cards almost every where in the town. Many of the branches are also permitted to open Foreign Currency account for Import, Export and Travel expense related matter.

Furthermore, There are many IT and software, technology and computer services companies in Bogra and more companies are launching business here. Grameen Group and Groupe Danone, a French company, entered into a joint venture named Grameen Danone and set up a yogurt project in Bogra in 2008.

Bogra is also home to the Western Wing of Bangladesh Highway Police. The project aims to produce 500,000 pots of yogurt by the end of 2009. Bogra is home to country's largest foundry industry. Irrigation pump, tube-well and other metal castings produced in Bogra are exported to West Bengal, Assam, Meghalaya, Bihar, Bhutan and the amount of export is increasing. Most of the city's workforce is involved in agriculture (29.95%), agricultural (12.53%), commerce (18.11%), service (15.62%), transport (6.66%), wage laborer (2.2%) and others (14.93%).

Read more about this topic:  Bogra

Famous quotes containing the word economy:

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)

    Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.
    Friedrich Nietzsche (1844–1900)

    The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.
    Ralph Waldo Emerson (1803–1882)