Economy Of Chittagong
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Economy Of Chittagong
The Economy of Chittagong is reflected in its gross state product of $116 billion in purchasing power parity (2022) terms ranking, second in size only behind Dhaka in Bangladesh. The nominal gross domestic product of Chittagong metropolitan city is $43 billion. Chittagong metropolitan City is the second largest metropolitan city in Bangladesh. Chittagong is the export hub of Bangladesh, accounting for more than $38 billion in exports. Chittagong is the commercial hub of country. Chittagong is also home to the busiest port in the country. History The excavation of Neolithic fossils and tools in Sitakunda, Chittagong District, indicates the presence of Stone Age settlements in the region as early as the third millennium BCE. The earliest historical records of the Port of Chittagong date back to the 4th century BC, when sailors from the area embarked on voyages to Southeast Asia. The 2nd century Graeco-Roman geographer Ptolemy mentioned the port on his map as one of the finest har ...
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Bangladeshi Taka
The taka (, , currency sign, sign: , ISO 4217, code: BDT, Short form (linguistics), short form: Tk) is the currency of Bangladesh. In Unicode, it is encoded at . Issuance of banknotes 10 and larger is controlled by Bangladesh Bank, while the 2 and 5 govt. notes are the responsibility of the Ministry of Finance (Bangladesh), ministry of finance. The govt. notes of Tk. 2 and Tk.5 have mostly been replaced by coins while lower denomination coins (including all poysha coins) up to Tk. 1 have almost gone out of circulation due to inflation. The most commonly used symbol for the taka is "" and "Tk", used on receipts while purchasing goods and services. It is divided into 100 paisa, poysha, but poysha coins are no longer in circulation. The poysha is still used for accounting purposes (e.g., Tk 123,456.78 for 123,456 taka and 78 poysha). On 8 May 2024, the central bank placed the taka in a crawling peg to the US dollar, with a rate of 117 takas per US dollar. Etymology Accordi ...
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Shipbuilding In Bangladesh
Bangladesh has a long history of shipbuilding. It has over 200 shipbuilding companies. Some of the leading shipbuilding companies of Bangladesh include Ananda Shipyard & Slipways Limited, FMC Dockyard Limited, Western Marine Shipyard, Chittagong Dry Dock Limited, Khulna Shipyard and Dockyard and Engineering Works. History Due to the riverine geography of Bangladesh, ships have been playing a major role in the trade affairs of the people of this country since ancient times. According to the accounts of the 14th century Moroccan traveler Ibn Batuta, there used to be large fleets of warships docked in various ports of the country. A medieval European traveler Caesar Frederick documented that the port city of Chittagong and Sandwip were manufacturing hubs of large ships during the mid 15th century. The volume of shipbuilding swelled extensively during the Mughal period. During the 17th century, the shipyards of Chittagong and Sandwip used to build warships for the Sultan o ...
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Steel
Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength and low raw material cost, steel is one of the most commonly manufactured materials in the world. Steel is used in structures (as concrete Rebar, reinforcing rods), in Bridge, bridges, infrastructure, Tool, tools, Ship, ships, Train, trains, Car, cars, Bicycle, bicycles, Machine, machines, Home appliance, electrical appliances, furniture, and Weapon, weapons. Iron is always the main element in steel, but other elements are used to produce various grades of steel demonstrating altered material, mechanical, and microstructural properties. Stainless steels, for example, typically contain 18% chromium and exhibit improved corrosion and Redox, oxidation resistance versus its carbon steel counterpart. Under atmospheric pressures, steels generally ...
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Natural Gas And Petroleum In Bangladesh
Gas supplies meet 56% of Bangladesh's energy demand. However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation. Chevron, ConocoPhillips, Equinor, Gazprom and ONGC are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production. Geologists believe the country's maritime exclusive economic zone holds one of the largest oil and gas reserves in the Asia-Pacific. Protectionism and a lack of technical capacity have impeded Bangladesh's potential to emerge as a major global hydrocarbon producer. Two LNG Terminal and a gas pipeline will be created to ease the gas shortage issues in Bangladesh. The International Islamic Trade Finance Corp has signed a $1.4 billion ...
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Rice
Rice is a cereal grain and in its Domestication, domesticated form is the staple food of over half of the world's population, particularly in Asia and Africa. Rice is the seed of the grass species ''Oryza sativa'' (Asian rice)—or, much less commonly, ''Oryza glaberrima'' (African rice). Asian rice was domesticated in China some 13,500 to 8,200 years ago; African rice was domesticated in Africa about 3,000 years ago. Rice has become commonplace in many cultures worldwide; in 2023, 800 million tons were produced, placing it third after sugarcane and maize. Only some 8% of rice is traded internationally. China, India, and Indonesia are the largest consumers of rice. A substantial amount of the rice produced in developing nations is lost after harvest through factors such as poor transport and storage. Rice yields can be reduced by pests including insects, rodents, and birds, as well as by weeds, and by List of rice diseases, diseases such as rice blast. Traditional rice polyc ...
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Fishing Industry In Bangladesh
Bangladesh being a first line littoral state of the Indian Ocean has a very good source of marine resources in the Bay of Bengal. The country has an exclusive economic zone of , which is 73% of the country's land area. On the other hand, Bangladesh is a small and developing country overloaded with almost unbearable pressure of human population. In the past, people of Bangladesh were mostly dependent upon land-based proteins. But, the continuous process of industrialisation and urbanisation consumes the limited land area. Now there is no other way than to harvest the vast under water protein from the Bay of Bengal, which can meet the country's demand. More than 80 percent of the animal protein in the Bangladeshi diet comes from fish. Fish accounted for 6 percent of GDP in the fiscal year of 1970, nearly 50 percent more than modern industrial manufacturing at that time. Most commercial fishermen are low-caste Hindus who eke out the barest subsistence working under primitive and d ...
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Cement
A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mixed with fine aggregate produces mortar for masonry, or with sand and gravel, produces concrete. Concrete is the most widely used material in existence and is behind only water as the planet's most-consumed resource. Cements used in construction are usually inorganic, often lime- or calcium silicate-based, and are either hydraulic or less commonly non-hydraulic, depending on the ability of the cement to set in the presence of water (see hydraulic and non-hydraulic lime plaster). Hydraulic cements (e.g., Portland cement) set and become adhesive through a chemical reaction between the dry ingredients and water. The chemical reaction results in mineral hydrates that are not very water-soluble. This allows setting in wet conditions or u ...
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Beverages
A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothies and soft drinks. Traditionally Hot beverage, warm beverages include coffee, tea, and hot chocolate. Caffeinated drinks that contain the stimulant caffeine have a long history. In addition, alcoholic drinks such as wine, beer, and liquor, which contain the drug ethanol, have been part of human culture for more than 8,000 years. Non-alcoholic drinks often signify drinks that would normally contain alcohol, such as beer, wine and cocktails, but are made with a sufficiently low concentration of alcohol by volume. The category includes drinks that have undergone an alcohol removal process such as Low-alcohol beer, non-alcoholic beers and de-alcoholized wines. Biology When the human body becomes dehydrated, a person experiences thirst. This c ...
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Food
Food is any substance consumed by an organism for Nutrient, nutritional support. Food is usually of plant, animal, or Fungus, fungal origin and contains essential nutrients such as carbohydrates, fats, protein (nutrient), proteins, vitamins, or Mineral (nutrient), minerals. The substance is Ingestion, ingested by an organism and assimilated by the organism's Cell (biology), cells to provide energy, maintain life, or stimulate growth. Different species of animals have different List of feeding behaviours, feeding behaviours that satisfy the needs of their metabolisms and have evolved to fill a specific ecological niche within specific geographical contexts. Omnivore, Omnivorous humans are highly adaptable and have adapted to obtaining food in many different ecosystems. Humans generally use cooking to prepare food for consumption. The majority of the food energy required is supplied by the industrial food industry, which produces food through Intensive farming, intensive agricu ...
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Plastic
Plastics are a wide range of synthetic polymers, synthetic or Semisynthesis, semisynthetic materials composed primarily of Polymer, polymers. Their defining characteristic, Plasticity (physics), plasticity, allows them to be Injection moulding, molded, Extrusion, extruded, or Compression molding, pressed into a diverse range of solid forms. This adaptability, combined with a wide range of other properties such as low weight, durability, flexibility, chemical resistance, low toxicity, and low-cost production, has led to their widespread use around the world. While most plastics are produced from natural gas and petroleum, a growing minority are produced from renewable resources like polylactic acid. Between 1950 and 2017, 9.2 billion metric tons of plastic are estimated to have been made, with more than half of this amount being produced since 2004. In 2023 alone, preliminary figures indicate that over 400 million metric tons of plastic were produced worldwide. If global trends ...
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Paper
Paper is a thin sheet material produced by mechanically or chemically processing cellulose fibres derived from wood, Textile, rags, poaceae, grasses, Feces#Other uses, herbivore dung, or other vegetable sources in water. Once the water is drained through a fine mesh leaving the fibre evenly distributed on the surface, it can be pressed and dried. The papermaking process developed in east Asia, probably China, at least as early as 105 Common Era, CE, by the Han Dynasty, Han court eunuch Cai Lun, although the earliest archaeological fragments of paper derive from the 2nd century BCE in China. Although paper was originally made in single sheets by hand, today it is mass-produced on large machines—some making reels 10 metres wide, running at 2,000 metres per minute and up to 600,000 tonnes a year. It is a versatile material with many uses, including printing, painting, graphics, signage, design, packaging, decorating, writing, and Housekeeping, cleaning. It may also be used a ...
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Glass
Glass is an amorphous (non-crystalline solid, non-crystalline) solid. Because it is often transparency and translucency, transparent and chemically inert, glass has found widespread practical, technological, and decorative use in window panes, tableware, and optics. Some common objects made of glass are named after the material, e.g., a Tumbler (glass), "glass" for drinking, "glasses" for vision correction, and a "magnifying glass". Glass is most often formed by rapid cooling (quenching) of the Melting, molten form. Some glasses such as volcanic glass are naturally occurring, and obsidian has been used to make arrowheads and knives since the Stone Age. Archaeological evidence suggests glassmaking dates back to at least 3600 BC in Mesopotamia, Ancient Egypt, Egypt, or Syria. The earliest known glass objects were beads, perhaps created accidentally during metalworking or the production of faience, which is a form of pottery using lead glazes. Due to its ease of formability int ...
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