Supermarkets to grow manifold by 2021: analysts

Dilip Barua, industries minister, attends a seminar by the Bangladesh Supermarket Owners' Association (BSOA) at Bangabandhu International Conference Centre in the capital yesterday. Niaz Rahim, president of BSOA, was also present. Photo: BSOA

The chain supermarket sector will grow to Tk 20,000 crore by 2021, with the income growth of the population, analysts said yesterday.
The growth of supermarkets is linked with the growth of Bangladesh that aspires to be a middle-income country by 2021, they said at a seminar at Bangabandhu International Conference Centre.
Niaz Rahim, president of Bangladesh Supermarket Owners' Association, said many more supermarket operators would enter the sector.
The seminar that marked 10 years of supermarkets in Bangladesh was held on the sidelines of a fair at the same venue.
Dilip Barua, industries minister, who inaugurated the fair, said the government has endorsed chain supermarkets as a service industry to mark its contribution to the economy.
He also said the sector would grow with rapid urbanisation.
Asif Ibrahim, president of Dhaka Chamber of Commerce and Industry, said chain supermarkets are gaining ground by ensuring quality products and services.
Md Zakir Hossain, general secretary of Supermarket Owners' Association, said once daily bazaars were noisy and consumer rights were neglected, but supermarkets have changed the scene to a large extent.