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Faruque Hassan, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), underscored the need for more simplification of business procedures, diversification of exports, and investment in technology adoption to enhance productivity and competitiveness in the industrial sector.
Speaking at a view exchange meeting organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in Dhaka on October 14, he called for government policy support to align with evolving global business dynamics.
Pointing to the impressive progress made by Bangladesh in different socioeconomic fronts driven by the industrial sector, he stated that the country has more potential to achieve.
Faruque Hassan highlighted the ever-changing landscape of customer preferences, emerging technologies, and global economic shifts that significantly impact business dynamics, making it imperative for industries to adapt and stay competitive in the global market.
The view exchange meeting, chaired by newly elected President of FBCCI Mahbubul Alam, was also joined by Md. Saiful Islam, President of Metropolitan Chamber of Commerce and Industry (MCCI); Md Sameer Sattar, President of Dhaka Chamber of Commerce and Industry (DCCI); Mohammad Ali Khokon, President of Bangladesh Textile Mills Association (BTMA); Md. Munir Hossain, Vice President, FBCCI; Fazlee Shamim Ehsan, Vice President, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Omar Hazzaz, President of Chittagong Chamber of Commerce and Industry (CCI).
They had discussions about the current state of global trade, its impacts on the export sector, strategies to address challenges, and steps to further promote trade and business in the country.
The business leaders underscored the important role of industrial development in realizing the vision of a more developed Bangladesh and stressed the need for creating a business-friendly environment to boost trade and investment.
They also underlined the importance of developing infrastructure to meet the growing demand of the expanding trading sector.
They especially emphasized on removing obstacles from the way of business to expedite the growth of industries.
BGMEA President Faruque Hassan congratulated Mahbubul Alam on his election as the new President of FBCCI and expressed optimism about the FBCCI's potential to play an even more significant role in promoting trade and investment in Bangladesh under his dynamic leadership.