Shift focus to agro-based industry: BCI
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President of Bangladesh Chamber of Industries (BCI) Anwar-ul Alam Chowdhury Parvez yesterday underscored the need for focusing on agro-based industry to ensure sustainable economic growth after the country’s graduation from the group of Least Developed Countries (LDCs).
“Bangladesh’s economy largely depends on RMG [readymade garments], textiles, foreign remittance and agricultural production. But to ensure sustainable economic growth after the country’s graduation from the group of LDCs, we have to decrease our dependence on those and instead focus more on potentially viable sectors like light engineering, agro-based industry, halal products, blue economy and leather goods,” he said while addressing the 33rd BCI annual general meeting at its office in the capital.
Parvez further said the volume of global market for light engineering is $7 trillion, whereas Bangladesh exports only $319.4 million.
The chamber has already taken initiatives to create new entrepreneurs and develop micro- and small industries apart from putting emphasis on light engineering and agro-processing industry, Parvez said.
Former BCI presidents Mostofa Azad Cowdhury Babu and Shahedul Islam Helal, senior vice president Md Helal Uddin and vice president Priti Chakraborty, as well as directors and general members of BCI were present.
Source: https://www.thedailystar.net
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