The Bangladesh Chamber of Industries (BCI) has welcomed the proposed national budget for the fiscal year 2026-27, describing it as reform-oriented and business-friendly, while underscoring the need for effective implementation of the proposed measures.
In a budget reaction issued on Thursday, BCI president Anwar-Ul-Alam Chowdhury Parvez said the government's reform initiatives aimed at reviving the economy amid global economic uncertainty, persistent inflation, energy challenges and sluggish investment deserve appreciation.
He said commitments to reforms in the banking sector, tax administration and public financial management would have a positive long-term impact on the country's industrial sector.
The BCI president also welcomed the government's decision to identify 10 priority sectors for development and place emphasis on the creative economy and blue economy, saying these initiatives would support Bangladesh's sustainable development objectives.
According to the industry body, proposals aimed at reopening closed factories, supporting small and medium enterprises (SMEs) and broadening the tax net are positive steps for the economy.
Parvez termed the deregulation measures proposed in the budget as a bold and significant step toward improving the business environment, stressing the importance of their proper and effective implementation.
The chamber observed that a large budget is necessary to meet the development aspirations of a country with a population of around 190 million and to ensure balanced growth across all sectors.
At the same time, it warned that implementation capacity remains a major challenge, as reflected in past experience. It called for clear timelines, action plans and active engagement of stakeholders from the outset of the implementation process.
The BCI urged the government to place greater emphasis on ensuring uninterrupted energy supply to industries, reducing lending rates, increasing credit flow to the private sector, expanding employment opportunities, promoting export diversification, reviving closed factories and attracting both local and foreign investment.
It also called for effective implementation of measures aimed at supporting cottage, micro, small and medium enterprises (CMSMEs), encouraging new and women entrepreneurs, and advancing business facilitation.
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