Abstract:
As Bangladesh become more open to global economy, we see a boom in trade. As soon as
trade come to our mind we can only think of RMG sector, mostly because it contributes to
almost 85% of all export earnings (Lomborg, 2016), sadly though even after such figures
recent reports have shown a negative balance of trade in Bangladesh, which has had a huge
impact on the economy. This report goes into an in depth analysis of the trade financing
practices of one of the biggest Multinational Firms in the world SINGER Limited. Having the
opportunity to join one of the biggest manufacturing and service providing firm SINGER,
Bangladesh, it enabled me to get a glimpse of how Singer is creating new frontier in trade
financing sector of Bangladesh. This report mainly discusses how Singer Bangladesh
finances its trade by which is mainly import based, moreover, the report also sheds light into
many different services Singer Bangladesh provides to its customers from which the proceeds
goes into helping Singer to stay afloat with a high liquidity so that it can maintain a good
status on the Bangladeshi marketplace. The report also goes into various minute details of the
organizational structure of the organization which has helped Singer Bangladesh to attain an
edge over many other multinational firms in Bangladesh. Moreover, the report also brings
into light all the global practices that have been adopted in Singer Bangladesh which has led
it to be one of the champions when it comes to providing tailor made customer friendly
services along with products to its consumers. Lastly, the report gives a basic idea of the
problems that have been plaguing further growth of Singer Bangladesh and how it can
overcome these in order to stay ahead in the market in the near Future.
