The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) is preparing a 10-year master plan to face post-LDC challenges in trade and commerce and determine the necessary strategies for logistics in the coming days.

FBCCI President Jashim Uddin said this at a press conference held at the FBCCI office on Sunday.

After emerging as a developing country from a least developed one, he said numerous opportunities will be created for Bangladesh and the FBCCI is formulating the master plan to avail of the opportunities.

“Businesses will create demands for new products.. The size of the economy will also get bigger. Once the implementation of various infrastructure projects taken up by the government is completed, foreign investment will also increase. Then the capacity of transporting goods and ports will also have to be increased,” the president of the apex trade body said.

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He said the biggest challenge in the post-LDC period is to increase sector-based capacity to meet the changing global demand. “To address this challenge, the FBCCI is going to set up an innovation centre to enhance the capacity of domestic industries. The concept paper will be submitted to the government next month.”

Jashim Uddin said North South University is working with the FBCCI on Circular Economy and recycling. The FBCCI President hopes that with the completion of these ongoing activities, power generation and recycled products from the country's waste will increase.

The press conference was organized on the occasion of “Bijoyer 50 Bochhor: Lal Shobujer Mohotshab” a 16-day gala celebration.

Also present at the press conference were FBCCI Senior Vice President Mostofa Azad Chowdhury Babu, Vice President MA Momen, Md Aminul Hoque Shamim, Amin Helaly, Salahuddin Ahmed and MA Razzak Khan Raj.

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