Backward linkage industry is making a significant contribution to foreign exchange earnings and economic growth of the country through the export of various products from ready-made garments to agriculture and leather. However, this sector is still suffering from various problems due to lack of adequate facilities. This industry is going through various challenges due to lack of direct export opportunities. The entrepreneurs and businessmen of this sector have sought the cooperation of the government and related parties to overcome this situation and face the challenges of the backward linkage industry.
The businessmen said these things at the first meeting of the Standing Committee on Backward Linkage Industry held at the FBCCI office in Motijheel on Tuesday (April 30). Chairman of the committee and director of Shenzhen Metal Industries Limited Omar Farooq presided over it. Senior Vice President of FBCCI was the chief guest. Amin Helali.
Md. in the meeting. Amin Helali said that for the production and export of products, 100% of the materials used to be imported. But at present we are self-sufficient in terms of materials for various export products including ready-made garments. Even though imports were disrupted during covid, our exports were not stopped.
Calling to capture the big market of the packaging sector in the world. Amin Helali said, we have entrepreneurs and skilled craftsmen. Still we have to identify the reasons why we are not able to capture such a large market in the packaging sector. He also commented that all concerned including the government should come forward to solve them.
Standing Committee Director-in-Charge and FBCCI Director Tapan Kumar Majumdar said that the backward linkage industry has played a major role in Bangladesh being second in the world in the export of ready-made garments. There is no alternative to developing domestic industries with backward linkages to save foreign exchange.
FBCCI Vice President Dr. Yashoda Jiban Debnath said, Bangladesh’s economy is now worth 500 billion dollars. There is no alternative to working on backward linkage industry development in the journey to a trillion dollar economy.
In the meeting, traders identified harassment by revenue and port officials, excessive licensing and renewal provisions as some of the hindrances to the development of the backward linkage industry. Businessmen want uninterrupted power supply to garment factories, backward linkage industry policy.
The meeting was also attended by FBCCI Director Hafez Haji Harun Or Rashid, Amir Hossain Noorani, FBCCI Secretary General. Alamgir, Co-Chairman of the Committee, members and invited guests.
EAR/KSR
#Businessmen #governments #support #developing #linkage #industry