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What workedA cement pillar factory owner in Baraigram, Natore, in a bdnews24 Bangla report

40,000 taka from cattle, 18 months of labour for the rest, now 12,000-15,000 a day

A cement pillar factory priced at 2.8 lakh taka was bought with 40,000 taka in hand, the balance worked off under an 18-month labour contract. Two units now make 600-650 pillars a day for 12,000-15,000 taka of profit.

This owner in Tiruil village, Baraigram, Natore, started out as a labourer. When he bought a cement pillar factory priced at 2 lakh 80 thousand taka, all he held was 40,000 taka raised by selling cattle; he settled the balance by working an eighteen-month labour contract at his uncle's factory. His two units now turn out 600-650 pillars a day. Between 1.5 and 2 lakh taka goes in daily and 12,000-15,000 taka comes back as profit - 20-25 taka a pillar on a selling price of 215-220. About 80 people work across the two factories and around 80 families depend on the trade, with pillars going out to Natore, Rajshahi, Faridpur, Kushtia and Khulna.

Lessons

  1. 1.Labour can stand in for money: a 2.8 lakh taka factory was bought with 40,000 taka in hand and an 18-month labour contract for the rest
  2. 2.The margin is 20-25 taka a pillar: income here comes from volume, not markup, and it needs 600-plus a day to add up

Published with the person's permission, without revealing who they are.

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