The Foreign Investors’ Chamber of Commerce & Industry (FICCI) has urged the government to ensure transparency in the bidding process of public procurement.
They made the call when a delegation of the apex chamber of multinational companies met with the Adviser to the
Ministry of Power, Energy, and Mineral Resources, Muhammad Fouzul Kabir Khan on Thursday.
The FICCI board members highlighted several key issues faced by foreign investors in the sector, particularly in relation to regulatory bottlenecks and concerns about transparency in the bidding process.
They discussed critical industry matters and ways to explore avenues for collaboration.
The FICCI Board, led by its President Zaved Akhtar, congratulated the adviser on his new role and expressed confidence in his leadership to address the pressing challenges in the power and energy sectors.
According to FICCI, Dr Fouzul Kabir acknowledged the challenges raised by FICCI member companies and assured them of his firm commitment to tackling corruption within the ministry.
He pledged to implement reforms aimed at enhancing transparency, particularly in the bidding process, and expressed his determination to resolve the specific problems affecting FICCI members.
The adviser also expressed his willingness to collaborate closely with FICCI to address these challenges and promote sustainable growth in the power and energy sectors.
He emphasized the importance of public-private cooperation and expressed a commitment to maintaining an open dialogue with FICCI to foster long-term partnerships.
As a token of appreciation and in recognition of the ongoing dialogue between FICCI and the Ministry, the FICCI
President handed over the chamber’s latest publications to the adviser, underscoring the Chamber's commitment to continued advocacy for its members and supporting the development of a robust energy sector in Bangladesh.
FICCI has been working as the development frontier of Bangladesh by creating significant footprints in economic growth since its journey started in 1963.
As a leading chamber, FICCI represents Foreign Investors from 35 countries across the globe in 21 sectors in Bangladesh.