Private sector has now become more vibrant and competitive and contributes substantially to the country’s economy.
Bangladesh Bank former governor and Chairman of Unnanayn Shamannay Dr Atiur Rahman said this in an exclusive view sharing session on Corporate Sector Engagement for the Development of Urban Poor at Lakeshore hotel in the capital on Wednesday.Despite its contribution, the private sector needs to be more socially responsible and share their profit with the society that will foster inclusive development in Bangladesh.
International non-governmental organisations Concern Worldwide, Independent research organisation Unnayan Shamannay and Coalition for the Urban Poor (CUP) jointly organised the programme.
Dr. Atiur in his speech, however, warned that urban poor are now become more vulnerable than that of rural poor. Citing an academic research he informed that by 2025 if urban poverty can be reduced to 6 percent still the total number of urban poor will be two million higher from the present number as migration from rural area to the urban area cannot be prevented.
Representatives from various business groups and banks took part on the discussion. They also agreed that private sector should do more specially for the urban poor through their CSR activities. They are ready for it. They believe that CSR concept is not a mere donation to the society rather it is a way to share profit with society where both society and business group can remain in win-win situation to build up a better society.
Nakib Khan from Nestle Bangladesh, Ahsan Khan Chowdhuri from Pran RFL Group, AKM Musha from Concern Worldwide and Sumaya Rashid from SR Asia addressed the function.
Leaders and representatives from Al-Arafah Islami Bank, Bank Asia, Dutch-Bangla Bank, ACI Group of Companies, Coalition for the Urban Poor, Incepta Pharmaceuticals Ltd, LafargeHolcim, Rehana Siddiqi Foundation were also present on the occasion.