Emphasising the need for an elected government, newly elected president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Mahmud Hasan Khan Babu has said there is no alternative to a people-mandated government to remove insecurity of investors.
He made the remark while exchanging views with reporters at a hotel in Chuadanga district headquarters on Monday night.
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“Currently, there is a caretaker [interim] government in the country, and investors are in uncertainty. The decrease in investment has created a kind of stagnation in the economy. Those who want to establish new industries or start a business are also waiting for an elected political government,” the business leader said.
He said the sooner a legitimate government is formed through a credible election, the quicker the country’s economic momentum will be restored, investments will rise, employment opportunities will grow, and business will expand.
The industrialist expressed the hope to establish a training centre in the district to equip unemployed youths with skills, enabling their integration into the industrial workforce.
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Managing Director of Sahid Group and President of the Bangladesh Business Chamber of Singapore Shahiduzzaman Torik, Managing Director of Zaman Group of Companies Asaduzzaman Asad, Chuadanga Press Club President Rajib Hasan Kochi, General Secretary Bipul Ashraf, journalist Hussain Malik and representatives from local media, were present at the meeting.