Salman F. Rahman, adviser on the private sector to the Prime Minister and one of the country's leading businessmen, has said all export-oriented industries should get similar facilities to meet the objective of export diversification. Salman, also a first-time MP, was speaking as the chief guest at a webinar organized by the think-tank Policy Research Institute (PRI) on improving export trade facilities. The Prime Minister's private industry and investment adviser admitted that there is a problem with bureaucracy. Although the bureaucratic mentality in the administration has changed at the highest level, at the ground level it still remains the same. Every export-oriented sector can be improved if the bureaucratic complexities are reformed, he said. Read: Austerity reducing imports to $6 billion a month: Salman F. Rahman “I always say that everything was confined to high-level bureaucracy earlier. But now the problem has been reduced. There is a positive mental change at the highest levels of the bureaucracy. However, problems remain at the lower level and field level,” said Salman. The National Board of Revenue (NBR) and Commerce Ministry are working on these challenges to improve the business environment, he said. "We have to change the mindset of the bureaucracy at the field level. We all have to think about the geopolitical situation, how it is affecting the supply chain,” he added. Read Uniform rate: Tk 108/dollar max for remittance, Tk 99/dollar for export income from tomorrow Salman also focused on increasing the capacity of ports for increasing export opportunities. He said, “The capacity of Chittagong Port will be further increased. It is being worked on. Work is underway on the proposed deep sea port in the Matarbari area of Cox's Bazar district. It will be constructed as a full-fledged commercial port by expanding the coal-carrying jetty.” Once these are done, exports can be further increased, he said. State Minister for Planning Shamsul Alam also participated in the webinar. PRI Executive Director Ahsan H. Mansur, Chairman Dr Zaidi Sattar, Policy Exchange Chairman Dr M Masrur Riaz, IFC Manager Selma Rasavac, NBR Member (Customs Audit) Dr Abdul Mannan Sikder, Additional commerce secretary Hafizur Rahman, former president of BKMEA Fazlul Haque, CEO of Standard Chartered Bank Enamul Hoque, Country Manager of IFC Martin Holtmann among others, also joined the program. Read Govt served legal notice to ban Hilsa export to India in 7 days
Bangladesh Chamber of Industries (BCI) has tied up with SME Foundation to jointly work towards development and capacity building of the small and medium enterprises across the country. A memorandum of understanding (MoU) was signed between the two organizations at a function at the SME Foundation office at Agargaon on Thursday. BCI president Anwar-ul Alam Chowdhury (Parvez) and SME Foundation managing director Dr Md Mofizur Rahman signed the deal on behalf of their respective sides. SME Foundation Chairperson Dr Md Masudur Rahman was present on the occasion. Also read: BCI demands simplification of taxation system Addressing at the function, Anwar-ul Alam Chowdhury said that BCI has been the sole chamber in the country body representing the entire industrial sector. “It has been working towards removing all sorts of bottlenecks against industrialization. BCI has already launched an initiative to create new entrepreneurship, develop micro, small and medium industries and improve the light engineering and agro-based industries. He said the lack of skilled manpower and efficient managers have become the major obstacles in the development of the industrial sectors. Also read: BCI seeks German GIZ cooperation to create skilled manpower in industrial sector “Most of the new entrepreneurs have to leave their venture within the first 2-3 years because of the lack of efficiency in marketing and due to inadequate financial credit support,” he said adding that the BCI will now provide training to the entrepreneurs to improve their efficiency and capability. He said the BCI believes that through the partnership with the SME Foundation, it will be possible to raise the contribution of the industrial sector to 60-70 percent to the economy. The Chairperson of SME Foundation said, "We appreciate the initiative of the BCI. Read SME Foundation to hold fair in 6 divisions to promote local products “The partnership between the BCI and SME Foundation can work together to eliminate existing problems in the SME sector with development and capacity building,” he added. This MoU will further accelerate the work of the BCI and SME Foundation in development and capacity building of the small and medium industrial sector, he hoped. BCI director Nazmul Anwar, secretary general Dr Ordhendu Shekhar Roy and Deputy Management of SME Foundation Salahuddin Mahmud, Md Nazim Hasan Sattar, general Manager Farzana Khan and other officials of both sides were present on the occasion. Read SME Foundation disburses Tk300 crore stimulus loans to 3,106 entrepreneurs
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that industries across the country will remain closed one day a week under a fresh area-based load shedding plan.Under a staggering programme an area-based factory holidays will be maintained to minimise consumption of both natural gas and electricity.He made the announcement after a meeting with business leaders at Bidyut Bhaban in the city on Sunday.The rationing system will help saving around 500-550 MW of electricity, he said.The government earlier on April 12 had imposed a four hour gas rationing for industries across the country from 5:00 pm to 9:00 pm daily to save natural gas. Read: Rangamati admin sets new octane-run autorickshaw fares considering price hike Although initial decision was to continue gas rationing for 15 days, the government backed down and withdrew it after 10 days of its execution amid protests from business enterprises.During the meeting Nasrul said that the countrywide load-shedding will ease in September.“Load-shedding can come down to half from the current level in September and the country may get rid of load-shedding from October,” he added.During the meeting the business leaders requested to provide uninterrupted electricity supply and keep the captive power plants outside the purview of tariff hike.Senior vice president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mostafa Azad Chowdhury Babu, acting president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Shahid Ullah Azim were among the top business leaders took part in the meeting.Under an ongoing austerity measure all the diesel-fired power plants are now shut and load-shedding is being implemented officially from July 19 to reduce diesel imports and save foreign currency.Although area-based load-shedding was scheduled for one hour, it continued for three hours at a time in some city areas across the country, it is alleged.Load-shedding in rural and remote areas, however, stretched for more hours, consumers claim.Markets and shopping malls can now stay open until 8:00 pm.The government also prohibited illumination in different social gatherings in community centers, shopping malls, shops, offices and houses since July 7.
Speakers at a seminar titled: “Strategy Summit 2022: Energy Infrastructure” said that the liquified petroleum gas (LPG) has a lot of potential to be used as energy for industries.“As the locally supplied natural gas has very low pressure, the LPG can be used as alternative fuel,” said Tanzeem Chowdhury, chief executive officer of Omera LPG.Valor of Bangladesh organised the strategy summit at a city hotel on Saturday.The seminar was also addressed by Alamgir Morshed, CEO of Infrastructure Development Company Limited (IDCOL), Humayun Rashid, managing director of Energypac and research director of Centre for Policy Duologue (CPD) Dr Khandaker Golam Moazzem.At this stage, Tanzeem Chowdhury said, the only alternative ready for industries is LPG.Explaining the global and local energy situation, he said the Russia-Ukraine war has pushed up the energy price worldwide. Read: Hamid looking to send load shedding back to museum by August-endCurrently the price of LNG is $40 perMMBtu while the government is providing gas to the industries at $3 per MMBtu where the cost is covered by a huge subsidy.But LPG is being imported by the private sector at $22 per MMBtu, he said, adding that LPG can be used for power boilers, for heaters, and for some power generators as well.He said LPG is very competitive with LNG and it is the most viable option for industries.Dr Golam Moazzem said the cost and reliability of any energy is the major factor for competitiveness.He said that the capacity payment has been the major challenge for the government due to its unplanned implementation of power projects.Humayun Rashid said the country’s biggest challenge in the power and energy sector is the synchronisation of the power plants with power transmission lines.Many power plants are ready to generate electricity, but their transmission line is not ready, he observed.
Gas supply to industries will remain suspended for four hours from 5 to 9 pm every day for 15 days from Tuesday. State-owned Petrobangla issued this directive on Monday saying that all industries are requested to abide by the order on the occasion of Holy Ramadan. Regretting for the temporary inconvenience, the Petrobangla said that the vigilance teams of the gas distribution companies will monitor the issue. Also read: Gas crisis: 2,950 MMCFD LNG-carrying cargo vessel arrive at Ctg port Earlier, the Petrobangla had instructed all the CNG refueling stations to keep those closed for six hours from 5 to 11 pm every day during the Holy Ramadan to facilitate gas supply to household consumers and power plants. Such directives came against the backdrop of the nagging gas crisis as consumers in many areas have been complaining that they are not getting gas supply during Ramadan for their cooking. In the meantime, the gas supply experienced a drastic fall on April 3, on the very first day of Ramadan fallowing a technical fault at the Bibiyana gas field, the largest gas field in the country. Also read: Gas crisis likely to end as Bibiyana resumes full production After 5 days, the fault was repaired and Bibiyana resumed full production on April 7, but still consumers in many areas in and outside the capital Dhaka are alleging that they are suffering from gas crisis. The situation forced Petrobangla to issue new order to keep the gas supply suspended for four hours a day to the industries for next 15 days.
Business leaders on Thursday requested the government to reopen garment factories and other industries amid the countrywide stringent lockdown. BGMEA President Farooq Hasan disclosed the information to the reporters after a meeting with Cabinet Secretary Khandaker Anwarul Islam at the Secretariat. Read: Farhad warns legal action if factories found open amid lockdown "We have requested the government to reopen industries. The cabinet secretary will take a quick decision after talking to Prime Minister Sheikh Hasina,” he said. He hoped that the government will consider their request. Read: Export oriented factories to remain open amid 'strict lockdown' The government reinforced 14-day strict lockdown restrictions following Eid vacation till August 5. Unlike the all out restrictions before Eid, mills and factories were instructed to remain closed during this time. There are speculations that the government might extend the lockdown as the Covid infections are at its peak shattering records of highest single day transmissions and deaths every other day.
Prime Minister's Private Industry and Investment Affairs Adviser Salman F Rahman on Tuesday said like Accord and Alliance in the RMG sector, a body would be formed for the domestic industries to ensure that they strictly follow compliance standards while the government would extend long-term financing and loans for becoming compliant. He also said that the factories of those industries which fail to be complaint would not be able to sell their products in the domestic market in future. Salman said these at a webinar tilted ‘Reviving the Leather Sector in the Aftermath of COVID-19’ as the chief guest jointly organized by the Economic Reporters’ Forum (ERF), Research Policy Integration for Development (RAPID) and The Asia Foundation (TAF) held through Zoom platform. Speakers at the webinar stressed the need for ensuring compliance in the local industries, especially in the leather sector, to become more competitive. They also stressed the need for forming a task force to look at the recommendations from different stakeholders and work on the betterment of the leather sector as well as improving rawhide management in an integrated way. They also advocated for modernizing and making more functional the Central Effluent Treatment Plant (CETP) in the Savar Leather Village through addressing its loopholes, improving solid waste management, addressing the environmental and labour rights issues in this sector and thus manufacturing quality products and providing the same facilities to all other sectors that the RMG sector is now enjoying. Former Advisor to the Caretaker Government Syed Manzur Elahi joined the session as the guest of honor. Commerce Secretary Tapan Kanti Ghosh, Chairman, BFLLFEA Mohiuddin Ahmed Mahin and Chairman, BTA Md Shaheen Ahamed joined it as the special guests. Professor & Director, ILET, DU Dr. M Mizanur Rahman, Managing Director, DTIEWTPCL (TIED) Brig. Gen. M Zahid Hasan and The President, Tannery Workers’ Union Abul Kalam Azad attended the webinar as panel discussants. Managing Director of Apex Footwear LtdSyed Nasim Manzur, Chairman of RAPID Dr. Mohammad Abdur Razzaque and its Executive Director Dr. Abu Eusuf jointly presented the keynote paper. Country Representative, The Asia Foundation Kazi Faisal Bin Seraj delivered the welcome remarks. ERF President Sharmeen Rinvy chaired the event while ERF General Secretary S M Rashidul Islam moderated the event.
Dhaka, Oct 11 (UNB) – Describing the governemnt as investment friendly, Industries Minister Nurul Majid Mahmud Humayun on Friday urged British-Bangladeshis to invest in the country.
Dhaka, Dec 6 (UNB)- The government has taken some initiatives to make different types of state-run industries, including sugar mills, cement factories, urea factories and Eastern Cables Ltd, profitable bringing them out of the cycle of loss, and enhance their production capacity.