FBCCI wants to run factories during lockdown

Staff Correspondent

17 July, 2021 12:00 AM printer

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Friday urged the government to allow industries and factories to run during the upcoming lockdown to keep the economy afloat.

FBCCI President Md Jasim Uddin came up with the call in a written statement, saying the production activities will come to a halt while the supply chain will be disrupted completely if all types of industries are shut down during post-Eid 14-day strict lockdown.

“Everyone directly or indirectly involved in the sector will suffer a lot. If the products are not supplied and marketed properly, the local product prices will increase and the low-income customers will ultimately suffer,” he said.

Besides, the shutdown of export-oriented factories will create an uncertainty in delivery in due time and create a bad impact on the next export orders of the local business houses, the FBCCI chief said. “There is a possibility that the ongoing export orders might be cancelled as well,” he added.

Jasim Uddin said if the productive factories are closed for 18-20 days, including Eid holiday, the work orders ahead of late summer, Christmas and winter season may be cancelled.

If the one-month export schedule is disrupted anyhow, it creates a negative impact on the export schedule for the next six months, he also said.

The FBCCI president also expressed concern that the supply of life-saving medicines will be disrupted due to the new restrictions as there is no any clear instruction in the new lockdown rules about drug manufacturers.

The entrepreneurs will suffer financially and face difficulties if the small and medium enterprises are not kept outside the purview of the new lockdown, he said.

Besides, if the tannery factories are closed, the rawhide preservation activities during Eid-ul-Azha will not bear fruit.

The FBCCI president also said the country’s financial activities are going on and the country has achieved 6.1 percent growth under the pragmatic leadership of Prime Minister Sheikh Hasina.

The dynamism in economic activities will face a disruption if the factories are not kept outside the purview of the lockdown to be imposed for 14 days from July 23, he added.