Cottage Industry in Bangladesh

Cottage industry is the small scale industry or the petty industry carried on at home. It does not require heavy machines & large amount of money. It requires only a few laborers & necessary simple tools.
Once, Bangladesh was famous for cottage industry. The Moslin cloth of Bangladesh had world wide fame & demand. Bangladesh earned a good amount of foreign currency by exporting articles of cottage industry in the past. With the advancement of science our cottage industry has been wiped out & the products of cottage industry could not stand in the competitive market. It is an irony of fate that she lost all her glory.
There are certain causes of the decay of cottage industry in Bangladesh. Among them the introduction of modern machineries, higher cost of production in cottage industry than large industry, import of various foreign fancy goods are remarkable. Now our cottage industry is facing many problems that require immediate solution.
The importance of cottage industry in Bangladesh cannot be underrated. We must revive our cottage industry in order to grow economy. With that end of view, we all should be engaged in certain branches of cottage industry according to our ability. The products of cottage industry may be costly. Yet, we should remember that the money spent on it remains in our country.