The business leaders of the country expressed extreme concern about the safety of the factory. They say that no country in the world can make a profit by doing business with 14-15 percent interest. Interest on loans has increased from 9 to 16 percent, creating a difficult situation for traders. Many businesses have come to Bangladesh from different countries including China.
Business leaders feel that economic and political stability is needed to keep them. Debt interest needs to be discussed. At the same time businessmen need to get out of the culture of defaulted loans. They said these things in a seminar titled ‘Reviewing the current state of the economy of Bangladesh and determining the future action plan’ organized by the Dhaka Chamber of Commerce and Industry (DCCI).
Dhaka Chamber President Ashraf Ahmed presided over the seminar. Former president of top business organization FBCCI Mir Nasir Hossain, former president of Metropolitan Chamber Syed Nasim Manzoor, president of knitwear industry owners association Mohammad Hatem, former president of Dhaka Chamber Shams Mahmud, chairman of PRAN-RFL Group Ahsan Khan Chowdhury and private research institutes spoke. Policy Exchange Bangladesh Chairman Masrur Riaz.
Ahsan Khan Chowdhury, chairman of Pran-RFL Group, one of the industrial groups in the country, said, “We are in trouble.” Today I am afraid to go to the factory. Afraid that I can come out with my own life? In this way, if the businessmen are afraid to go to their factories, then they will not be able to conduct business activities in the coming days.
Ahsan Khan Chowdhury demanded that action should be taken against those who are inciting discontent in the industrial area in the current situation. He said, “Those who are currently trying to take unfair advantage of the weak law and order situation, should be taught.
Mir Nasir Hossain, the former president of FBCCI, said that it is very difficult to sustain business in the world with more than 15 percent bank loan interest, but our entrepreneurs have to do it. Traders are suffering severely due to corruption, especially in custom houses, which requires the government to set up a Financial Reforms Committee and ensure automation.
Mir Nasir Hossain said that the current government has not yet gained the confidence of businessmen. Businessmen should listen. Their contribution must be acknowledged. He also said, “The mismanagement in various fields of business and commerce must be reformed.” But I don’t see any initiative there yet. A large middle income group has developed in the country, whose revenue contribution to the GDP if brought under Karjal would greatly increase and benefit our economy.
President of Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh, Syed Nasim Manjur, said that in the current context, businessmen are in a state of extreme uncertainty and insecurity, which should strengthen the activities of the industrial police and the army, especially in the industrial areas, as well as the zero tolerance policy to control the law and order situation. to be accepted.
He also said that foreign direct investment (FDI) is off. FDI is very important. Not just for dollars, but through foreign investment to join the global supply chain. Export products fetch higher prices. Only solving the problems of the existing foreign companies will open the door for foreign investment.
Shams Mahmud, former president of DCCI, said that due to security disruptions in industries and factories due to control of the jhoot system in the garment sector, trade union leadership and worker dissatisfaction, production activities are being disrupted, which is not desirable at all. This situation must be improved at any cost, otherwise Bangladesh may face a global image crisis.
Chairman of Policy Exchange Bangladesh. Masrur Riaz said that effective initiatives are not being taken at the field level to ensure the safety of the industrial sector, which is not desirable at all. It is important for the government to look into this issue.
Mastercard Bangladesh Country Manager Syed Mohammad Kamal said that the local tourism business has decreased significantly due to last month’s floods and unrest in the mountainous areas, as well as the negative impact on the sector due to visa complications in neighboring countries. There is no alternative to improving the environment of trust in the development of the e-commerce sector as a whole.
Ambrarin Reza, Chairman and CEO of Foodpanda Bangladesh, said that due to disruption of internet services in the last three months, traders in the digital service sector have been severely affected and most of the entrepreneurs in this sector are SMEs, who need to be provided with low interest loan facilities as soon as possible to normalize their business activities.
Dhaka Chamber Senior Vice President Malik Talha Ismail Bari, members of the Board of Directors and invited guests from the private sector were present at this time.
