Barua stresses policy continuity for industrialisation
Wednesday, 23 May 2012
FE Report
Industries Minister Dilip Barua stressed Tuesday the need for political stability to move the wheel of industrialization forward in the country.
The minister also emphasised on the continuation of industrial policy even after the change of the government, saying with the political changeover, policy also changes, a longstanding practice that discourages entrepreneurs to set up new industrial units.
His comments came at a discussion meeting on 'Showcase Bangladesh 2012' jointly organised by Dhaka Chamber of Commerce and Industry (DCCI) and Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) in the city Tuesday.
The second 'Showcase Bangladesh 2012' will kick off in Kuala Lumpur on July 13 aiming to inflate the opportunities to the business communities to accelerate the bilateral relation and minimise trade deficit between Bangladesh and Malaysia.
BMCCI in co-operation with Bangladesh High Commission in Malaysia, Malaysia South-South Association and Malaysia External Trade Development Corporation will jointly organise the three day exhibition.
DCCI president Asif Ibrahim presided over the meeting while Additional Secretary of Ministry of Commerce Monoj Kumar Roy, BMCCI President Syed Nurul Islam and Secretary General Alamgir Jalil and Deputy Managing Director of Islami Bank Bangladesh Limited Md Nurul Islam, among others, spoke in the programme.
The government is working toward building a strong private sector and providing all policy, logistic, and infrastructural facilities in this regard, Mr Barua said.
DCCI President placed emphasis on developing infrastructural sector to attract investment in local industry.
Besides branding of Bangladesh, the fair will also have special focus on bringing remittances through formal banking channel from Bangladeshis living in Malaysia to help the country increase its remittance inflow, Syed Moazzem Hossain, former president of BMCCI and chairman of the showcase organising committee said while presenting his keynote paper.
He said a number of banks would take part in the fair to help half a million Bangladeshis working and living in Malaysia send remittance through the formal banking channel.
The flow of workers; money has already crossed $1.0 billion from Malaysia, which could be $1.5 billion if all the currency is remitted through the legal channel, he explained.
Industries Minister Dilip Barua stressed Tuesday the need for political stability to move the wheel of industrialization forward in the country.
The minister also emphasised on the continuation of industrial policy even after the change of the government, saying with the political changeover, policy also changes, a longstanding practice that discourages entrepreneurs to set up new industrial units.
His comments came at a discussion meeting on 'Showcase Bangladesh 2012' jointly organised by Dhaka Chamber of Commerce and Industry (DCCI) and Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) in the city Tuesday.
The second 'Showcase Bangladesh 2012' will kick off in Kuala Lumpur on July 13 aiming to inflate the opportunities to the business communities to accelerate the bilateral relation and minimise trade deficit between Bangladesh and Malaysia.
BMCCI in co-operation with Bangladesh High Commission in Malaysia, Malaysia South-South Association and Malaysia External Trade Development Corporation will jointly organise the three day exhibition.
DCCI president Asif Ibrahim presided over the meeting while Additional Secretary of Ministry of Commerce Monoj Kumar Roy, BMCCI President Syed Nurul Islam and Secretary General Alamgir Jalil and Deputy Managing Director of Islami Bank Bangladesh Limited Md Nurul Islam, among others, spoke in the programme.
The government is working toward building a strong private sector and providing all policy, logistic, and infrastructural facilities in this regard, Mr Barua said.
DCCI President placed emphasis on developing infrastructural sector to attract investment in local industry.
Besides branding of Bangladesh, the fair will also have special focus on bringing remittances through formal banking channel from Bangladeshis living in Malaysia to help the country increase its remittance inflow, Syed Moazzem Hossain, former president of BMCCI and chairman of the showcase organising committee said while presenting his keynote paper.
He said a number of banks would take part in the fair to help half a million Bangladeshis working and living in Malaysia send remittance through the formal banking channel.
The flow of workers; money has already crossed $1.0 billion from Malaysia, which could be $1.5 billion if all the currency is remitted through the legal channel, he explained.