Business at the District Level in Bangladesh
The Daily Independent, August 2010
3 Pages Posted: 11 Aug 2013
Date Written: August 03, 2010
Bangladesh is earning 5-6 per cent GDP growth with all the natural disasters, political unrest, poor infrastructure, energy shortage, lack of utilities, corrupt bureaucracy, and so many negative factors. That we are maintaining the stated growth rate is our very remarkable success in the last decade. We can achieve it without any government support or major industrial initiative. But 5-6 per cent growth is not enough for us to be graduating within 2021. We need at least 8-10 per cent growth for the same.
Currently the growth is mainly contributed by one single export sector along with small and cottage industries in grass-roots level. Recent environment in the most contributing sector i.e. readymade garment is not well, labour unrest in this industry is harming us twice destroying existing resources, delaying shipment of current work and harming our image abroad. So those who are responsible for this unrest, whether the RMG owner’s or workers or outsiders the government should identify and take active measures to stop it. On the other hand, government should actively think about the micro industries located in district headquarters to bring them under SME financing and facilities. Currently SME Foundation and Bangladesh Bank are operating SME lending programmes. So I would like to draw the kind attention of the responsible person to these large dominating micro enterprises.
Keywords: Business Environment, Economy of Bangladesh
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