National and international logistical experts, cabinet members and business leaders on Wednesday said that Bangladesh needs a global standard logistics policy to reduce business costs and perform well in the global market.
The experts came up with the recommendation at a two-day long workshop on formulating national logistics industry development policy for Bangladesh and experience from global good practices to assist the policy formulation process with data-driven and fact-based findings.
The World Bank Group, the industries ministry, and the Business Initiative Leading Development (BUILD) jointly organised the event at a hotel in Dhaka.
BUILD Chairperson Nihad Kabir, as the session chair, addresses the opening session titled “Inaugural Session: Importance of Logistics – Philosophy.”
While speaking at the event, World Bank South Asia's Practice Manager of Transport Dr Shomik Raj Mehndiratta said “Bangladesh is a miracle of the globe. Its journey since 1971 has been treated with the utmost respect by the global forum.
“The key driving factors of the robust performance of Bangladesh have been the digital revolution and massive infrastructure development initiatives that have made the supply chain smooth and efficient,’ said Industries Minister Nurul Majid Mahmud Humayun.
FBCCI President Jashim Uddin said, “There is no alternative to an integrated logistics management system to ensure competitiveness in international trade. Congestion of the Dhaka-Chittagong highway as well as in the port increase the time and cost. To resolve the problem, we need to focus on rail and inland waterways development to reach the product to the destination point responsively and efficiently.”
