DCCI calls for declaring 2019-21 as ‘Infrastructure Year’

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Desk Report:

The board of directors of Dhaka Chamber of Commerce and Industry (DCCI) led by its President Abul Kasem Khan called on Wednesday executive chairman of Bangladesh Investment Development Authority (BIDA) Kazi M. Aminul Islam on Wednesday at BIDA headquarter in Agargaon.

DCCI President Abul Kasem Khan said “We need to come out from the stagnant situation in investment both local and foreign. The private investment needs to be scaled-up to 29% from current level of 22.5% to improve the ranking of Bangladesh aiming to attract private investment and facilitate industrialisation, we need to improve our infrastructure, industrial energy situation, efficiency in the institutional framework and skill human resources.”

He also said that BIDA needs to effectively introduce integrated one stop service, equipped with skilled and expert human resources to give the feel to the prospective investors that the business process in Bangladesh is eased and simple.

DCCI President also called upon the government to declare 2019 to 2021 as ‘The Infrastructure Year’. He informed that DCCI is going to form a high powered and patent registered platform named Research and Innovation (RNI) Bangladesh Forum with leading economists, experts of Bangladesh for providing thought-provoking futuristic economic insights, guidance.

BIDA Executive Chairman Kazi M. Aminul Islam said that the financial sector of Bangladesh needs more innovation and reforms. Private Equity and Angel Investment, the entrepreneurs of these sectors should get five year tax free incentives for Venture Capital. He also opined that our tax system and regime should be based on fairness to ensure a level playing field.

He also stressed on skill development of our local human resources as Bangladesh has to spend about 5 billion USD as salary as outward remittance.

Senior Vice President of DCCI Kamrul Islam, Vice President Riyadh Hossain, Directors Engr. Akber Hakim, Andaleeb Hasan, Engr. Md. Al Amin, SM Zillur Rahman and Waqar Ahmad Choudhury were also present during the meeting.unb

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