Local businesspeople and industrialists have urged the Government to guarantee enterprises a steady supply of gas and electricity to preserve and grow the domestic industry.
The request was made during Monday’s Standing Committee meeting of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on the preservation and growth of regional industries.
The managing director of Madhobdi Dyeing Finishing Mills Ltd. and chairman of the committee, Md. Nizam Uddin Bhuiyan Liton, emphasised the necessity of expanding gas and power supply to draw in new business owners.
Businessmen emphasised the significance of expanding the availability of bank loans with low interest rates.
They voiced concern that increased manufacturing costs and the possibility of business closures stem from an inconsistent fuel supply. They contended that local industrialists are discouraged by this predicament.
FBCCI President Mahbubul Alam, attending virtually as the chief guest, stated, “Protecting local industries is crucial for building a developed Bangladesh. The Government has implemented some policies in this year’s budget to address this. FBCCI is also actively involved in this matter.”
He called for increased cooperation from banks in supporting local industries and noted the need to develop skilled workers in these sectors.
FBCCI Senior Vice President Md Amin Helaly highlighted the progress made in domestic production and said, “In the past, nearly everything, including high-quality clothing, was imported. Now, almost all of these items are produced domestically.”
He affirmed that FBCCI and the Government work together to provide policy support for the continued growth of regional industries. The meeting was attended by other FBCCI co-chairmen as well as committee members, such as directors Hafez Harun-Or-Rashid, Haji Md Abdul Hashem, and Alhaj Azizul Haque.
