Saturday, April 27, 2024
Business leaders and logistical experts on Tuesday underscored the need for improving logistics infrastructure to cut business costs and ensure ease of doing business for the sake of Bangladesh’s sustainable economic growth.
They also urged the government to make the necessary plans, develop designs and build infrastructure as per the needs of industries.
Speakers made the remarks at a discussion session titled, "Logistics infrastructure to take Bangladesh to next level of economic growth" at the Made in Bangladesh Week event in Dhaka.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is organising the event from November 12 to 18 at the International Convention City Bashundhara in the capital.
Moderating the session, Executive Editor of Dhaka Tribune Reaz Ahmad said Bangladesh has achieved robust economic growth in the last 15 years. So, the country needs to improve its logistics infrastructure amply as it eyes huge potential.
BGMEA former senior vice-president Faisal Samad said, "Every one of our sectors should be digitalised for quick delivery of our products. Besides, the logistics services should be brought under discipline."
He added that Bangladesh exported goods worth $52 billion thanks to the BGMEA leaders’ contribution.
"Now RMG's cost issue is very important to compete with the international market as our production and other costs are increasing day by day. So, we need to lay emphasis on logistics issues to reduce costs," he explained.
Faisal also called upon developing the efficiency of the Chattogram port for quick handover of products.
BGMEA Director Navidul Huq emphasised the utmost utilisation of river routes and railways network to reduce the business costs. "Wrong and new HS codes increase 10 per cent of costs. So, we should put emphasis on the basic issue," he pointed out.
Jessica Bazire of Business Development-Fashion of Dubai Global Connect said logistics infrastructure development makes the whole supply chain smoother.
