Bangladesh: Prospect for Industry and Civil Aviation Business

Dhaka, Bangladesh | March 17, 2008 by D-8 Secretariat

Mahbub Jamil, special assistant to the Bangladesh chief adviser, spoke at the monthly luncheon meeting of the Foreign Investors’ Chamber of Commerce and Industry (Ficci) at a city hotel earlier this month and revealed that the government is contemplating reviewing the industrial and company laws to remove any loopholes, targeting more FDI (foreign direct investment) for the country, said the special assistant for industries and civil aviation.

“Some loopholes, which are considered obstacles to FDI, would be removed through the review of the current industrial and company acts”, Mahbub Jamil yesterday told the monthly luncheon meeting of the Ficci (Foreign Investors’ Chamber of Commerce and Industry) which he headed once.

He also reiterated that the consumers’ rights protection act would be finalised by the month-end. Drawing the foreign investors’ attention to the improved law and order situation, Mahbub Jamil urged them to come up with more investment proposals.

He admitted the present power supply situation, but hastened to assure the foreign investors of developing infrastructures like Mongla Port and international airports. Besides, urea fertilizer will properly be distributed to farmers, the drive against the corrupt be continued, the tanneries from the city’s Hazaribagh area be shifted to Savar and special economic zones be established, Jamil further assured them.

“We will change the face of Zia International Airport (ZIA) within this year as a committee for improving the condition of this international airport has been working now,” he said. He said the committee has been trying to find out the ways and means on how to bring 22 different agencies working in the ZIA under one umbrella for the improvement in the operation of the country’s premier airport.

“It is for the first time that a committee has been working to make Biman, the national flag carrier, more profitable,” he said.

Held at a city hotel, the Ficci meet was chaired by Ficci Vice President and Managing Director of Siemens Bangladesh Limited Rudolf P. Klink. Klink laid emphasis on infrastructural development to attract more foreign investment. “The government should formulate a comprehensive trade policy to attract FDI in the country,” he suggested.

D-8 Organization through its Secretary General, Dipo Alam, said that the organization is looking forward for Bangladesh’s more active participation in Working Group on Industry that will be holding its meeting this year in Indonesia. In similar way, Bangladesh can also re-energize the performance of its airports through the discussion that will take place in the 3rd Working Group on Civil Aviation Cooperation that will be held in Indonesia on June this year. As has been reported in this website, TAV from Turkey has built a number of international airports worldwide with BOT system, and will also be invited in the 3rd DGCA Meeting in Indonesia to share its experience in airports investment sector.

News/Photo Source: The DailyStar Bangladesh.

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