Saturday, 22 January, 2022

FBCCI preparing master plan for logistics dev

  • Staff Correspondent
  • 5 December, 2021 12:00 AM
  • Print news

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is developing a 10-year master plan to determine the necessary logistics strategies to make the country able to face the upcoming development challenges.

FBCCI president Md Jashim Uddin informed journalists at a press conference held at the FBCCI office on Saturday afternoon.

“The biggest challenge in Post-LDC period is to increase sector-based capacity to meet the changing global demand,” he told the press conference.

“To address this challenge, FBCCI is going to set up an innovation center to enhance the capacity of domestic industries. The concept paper will be submitted to the government next month,” he informed.

 After becoming a developing country from a least developed country, innumerable possibilities will be created for Bangladesh. Business will create demand for new products in the trade and export sectors. The size of the economy will also be bigger.

Once large infrastructure projects are complete, foreign investment will also increase. Then the capacity of transport of goods and ports will also have to be increased, FBCCI said.

North South University is working with the FBCCI on Circular Economy and recycling. The FBCCI president hopes that with the completion of these ongoing activities, power generation and recycled products from the country's waste will increase. Highlighting the recent visit to the UK and France at the press conference, the FBCCI President said that the 2nd and 3rd generation of Bangladeshi expatriates have been closely associated with the main economies of the two countries.

“But they do not have much idea about Bangladesh. If these expatriate entrepreneurs can be connected with the international trade of Bangladesh, it will be easier to capture the mainstream market of the two countries,” Jasim noted.

To this end, the FBCCI has signed MoUs with the mainstream trade organizations of the UK and France.

The FBCCI has also signed a memorandum of understanding with HSBC to list new potential products outside of readymade garments, to explore their export opportunities and barriers.

As a result of these activities, FBCCI president that the wheel of economic progress of Bangladesh will be further accelerated by utilizing the potential of a developing Nation.

The press conference was organized on the occasion of “Bijoyer 50 Bochhor: Laal Shobujer Mohotshab” a 16-day gala celebration.

The FBCCI, besides taking various steps to expand trade and commerce, celebrates the golden jubilee of independence as an expression of love and gratitude to the country, Father of the Nation Bangabandhu Sheikh Mujibur Rahman and millions of martyrs.

FBCCI senior vice-president Mostofa Azad Chowdhury, vice-president MA Momen, Md Aminul Hoque Shamim, Md. Amin Helaly, Md. Salahuddin Ahmed and MA Razzak Khan Raj and directors were also present.