Housing slowdown drags down Tk6,500cr electrical and electronic market

📊Executive Summary
The slowdown in Bangladesh's housing sector, driven by new building restrictions, has led to a significant decline in demand for electrical and electronic fittings, with sales dropping by up to 50%. This downturn affects a local manufacturing industry worth approximately Tk6,500 crore, impacting the livelihoods of around 500,000 people. Key players in the electrical market, such as Super Star, Walton, and Click, have reported sharp declines in sales, with some companies managing to stabilize through diversification. However, rising production costs have resulted in moderate price increases across the sector. The changes in the housing market are expected to have widespread ripple effects, damaging not only the electrical goods market but also related sectors like steel and cement....
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