DCCI suggests to create SME bond to support CMSMEs

Staff Correspondent

24 January, 2021 12:00 AM printer

Dhaka Chamber of Commerce and Industry (DCCI) president Rizwan Rahman proposed to establish a SME Bond or specialised SME Bank in the country to safeguard cottage, micro, small and medium enterprises (CMSMEs).

He made the remark while speaking at a meet the press organised by DCCI in the capital on Saturday, said a press release.

DCCI Senior Vice President NKA Mobin, Vice President Monowar Hossain, Directors Md Shahid Hossain, Golam Zilani, Hossain A Sikder and Nasiruddin A Ferdous, among others, were also present at the function.

Rizwan Rahman said that SME bond will make everything flexible for SMEs soon and will get a better pace if the process is being eased.  Government has given another Tk 27 billion (Tk 2700 crore) as incentive out of which 54.13 percent has been disbursed, he added.

 Replying to a question regarding industry-academia collaboration, he said that DCCI has already signed MoUs with twelve Universities. Effective industry-academia collaboration will help industries getting skilled executives and academia will enhance skill development to face fourth industrial revolution.

He think that the country may not see a robust FDI improvement overnight in this situation but government may consider to facilitate home-grown local investors by giving them same incentives that a foreign investor enjoy. It will boost up local investment.

Global foreign direct investment has unexpectedly come down by 50 percent due to Covid-led pandemic situation, he added. 

Regulatory and policy framework reforms will help Bangladesh to improve its position in various global competitive indexes, in addition, he requested the government to slash corporate tax rate considering the present economic and investment scenario.

DCCI has taken decision to hold DCCI Investment Summit in the Asian region this year to attract FDI, he disclosed.

Bangladesh is reviving its economy while Europe is still in shambles, so we may look into the East and ASIAN region for greater tie-up.