Photo : Collected
The country's top business leaders said they want a quick improvement in the business environment. They are also worried about the instability in the industrial sector in recent times. The businessmen also demanded safety in industrial areas, policy reform and reduction of interest rates in the seminar titled 'Review of current state of Bangladesh economy and future direction' organized by the Dhaka Chamber of Commerce and Industry (DCCI) on Saturday.
Speakers in the seminar said that since the post-Covid period, the country's investors have to face various challenges. In recent times, discontent in the industry has added to the anxiety of entrepreneurs. In fact, consumer demand is decreasing due to various reasons including high inflation. Various crises including liquidity crisis, dollar crisis are affecting the country's economy in various degrees. Meanwhile, entrepreneurs are particularly worried about high interest rates on loans. Businessmen and entrepreneurs think that the government should take initiative to reduce the interest rate.
In fact, the country's banking sector has become particularly vulnerable due to the delinquent culture and money laundering. So, the authorities have to take strong steps to recover defaulted loans and prevent money laundering. Ensure that investment is not hampered by bureaucratic red tape. Everything must be done to ensure an uninterrupted supply of gas and electricity.
Actually, a lot depends on the business environment. Therefore, for the sake of the country's economy, business environment should be created first. During the tenure of the previous government, the government gave various assurances to create a business and investment friendly environment. But the investment-friendly environment has not been created in the country to the desired extent. One of the major reasons for this was the chaos in the banking sector. In the interest of the country's economy, policies should be formulated and implemented, so that good customers of the bank are rewarded and bad customers are punished.
If it is possible to establish discipline in the banking sector, it becomes easier to implement the steps taken by the government to create an investment-friendly environment. Bribery, corruption, extortion increase the production cost of products. As the cost of production of goods increases, domestic investors lag behind in competition. Therefore, the government should take appropriate steps to stop all types of irregularities at all levels of the country. Such an environment should be created in the country so that entrepreneurs come forward to invest with interest. It is our expectation that all obstacles will be removed and investment environment will be created in the country.
Messenger/Disha
