NDC team visits FBCCI
Wednesday, 10 June 2009
FE Report
The government's participation in the much-talked-about Public Private Partnership (PPP) will be crucial in terms of policy, not in terms of funding, a leading businessman said Tuesday.
"PPP can play an important role in the implementation of various big budgeted government projects and develop country's fragile infrastructure," said MA Rouf Chowdhury, director of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), at a meeting in the city.
He was speaking at a meeting between a team from National Defence College (NDC) led by its Commandant Lt Gen Sina Ibn Jamali and senior officials of the country's apex trade body at the latter's conference room in the capital.
The 51-member visiting team comprised of several high-ranking government officials and senior officials from the Army, Navy and Air force from Malaysia, Jordan, Sudan, Nigeria, Indonesia, Saudi Arabia, Qatar, Pakistan, India, Sri Lanka, Nepal and Bangladesh.
Mr Rouf said that the approximately Tk 800 billion revenue target in the budget of nearly Tk 1100 billion for the fiscal year 2008-2009 means the government would increase tax collection by 11 per cent from the previous fiscal year.
"But this will hurt investment as investors will be discouraged, added Rouf, also the president of Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association.
FBCCI vice president Abu Alam Chowdhury, who presided over the meeting, said the price of end product must be fixed in line with international market price to encourage the investors to put their money into the various projects such as setting up power plants or constructing bridges.
The government's participation in the much-talked-about Public Private Partnership (PPP) will be crucial in terms of policy, not in terms of funding, a leading businessman said Tuesday.
"PPP can play an important role in the implementation of various big budgeted government projects and develop country's fragile infrastructure," said MA Rouf Chowdhury, director of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), at a meeting in the city.
He was speaking at a meeting between a team from National Defence College (NDC) led by its Commandant Lt Gen Sina Ibn Jamali and senior officials of the country's apex trade body at the latter's conference room in the capital.
The 51-member visiting team comprised of several high-ranking government officials and senior officials from the Army, Navy and Air force from Malaysia, Jordan, Sudan, Nigeria, Indonesia, Saudi Arabia, Qatar, Pakistan, India, Sri Lanka, Nepal and Bangladesh.
Mr Rouf said that the approximately Tk 800 billion revenue target in the budget of nearly Tk 1100 billion for the fiscal year 2008-2009 means the government would increase tax collection by 11 per cent from the previous fiscal year.
"But this will hurt investment as investors will be discouraged, added Rouf, also the president of Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association.
FBCCI vice president Abu Alam Chowdhury, who presided over the meeting, said the price of end product must be fixed in line with international market price to encourage the investors to put their money into the various projects such as setting up power plants or constructing bridges.