Small, medium industries hit hard: BCI

Anwarul Alam Chowdhury (Pervez), president of Bangladesh Chamber of Industries (BCI), a separate chamber of the industrial community, rues that the ongoing blockade programmes have been hitting hard their members.
"A large number of our members belong to small and medium industries -- they need to go to different destinations to sell their products. But this blockade is a major obstruction," says Mr Chowdhury.
He mentions that some of their members are in recovery state from covid-19 impact. "They are now again will face troubles."
The BCI chief notes that Bangladesh has now higher inflation and people's purchasing power has dropped significantly. Under such situation, the sales of the domestic production will face disaster."
He says the business community has been facing two major challenges: dollar shortages at the banks for the opening of letters of credit and another shock coming from blockade.