Bangladesh Chamber of Industries (BCI) has said that the present tax system is not in favour of industrial development.
Loss in business is not considered during tax fixation, gross profit is considered sector wise which is not reasonable, said its President Anwar-ul Alam Chowdhury (Parvez) while addressing at the organisation’s 36th annual general meeting (AGM) 2021-2022 at its board room on Tuesday.
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Senior Vice-president Priti Chakraborty, Vice-President Shahidul Islam Niru, directors and many members were present in the meeting.
The BCI president said that for the crises of Corona and Ukraine War, about 40% of SMEs have dropped out because they are not resilient to survive.
“We have to come forward to protect them,” he said, adding with the increasing unemployment, lack of skilled labour is also increasing.
He also urged all to be economical in using electricity, gas and water etc.
He said to solve this problem BCI has signed an MoU with the SME foundation to create new entrepreneurs and small industries all over the country and solve their problems.
He said all are expecting and trying to bring the rate of poverty to zero by 2030 and the country will be transferred into a developed one by 2041.
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He urged all directors and members of BCI to take the challenges of 4IR and work together to face it.
He said the BCI has to work unitedly and being the sole and exclusive chamber it has to play an appropriate role to remove all sorts of obstacles and impediments for the development of local industries all over the countries.
BCI will continue its efforts to create new entrepreneurs, light engineering and agro based industries. The country is advancing despite the Corona and Ukraine crisis.
Taking part in the discussions some of the members focused on the development and promotion of micro, small, cottage and light engineering, agro based industry sector, one-stop service in industry sector and different issues of problems of financing.