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Analysts: Sustainable infrastructure key to faster economic growth

  • Published at 01:24 am October 17th, 2016
Analysts: Sustainable infrastructure key to faster economic growth
They said lack of quality infrastructure results in reduced access to jobs, markets, training and information, creating a barrier to doing business and also limits access to education and health care. They were speaking at one of the sessions on ‘Promoting Sustainable Industrialisation: Opportunity for Job Creation and Income Generation’ of a two-day 9th South Asia Economic Summit (SAES) that ended in Dhaka yesterday. The local think tank Centre for Policy Dialogue (CPD) with other premier South Asian think tanks hosted the event under the theme ‘Reimagining South Asia in 2030’. They were also of the view that industrialisation, which is an indirect effect of adequate infrastructure, and the resultant job multiplication has also been shown to have a positive impact on social and economic life. Director at School of Management & Training Jawaharlal Nehru Institute of Advanced Studies, Indian Professor Arif Waqif, in his key note paper, said traditional and indigenous technologies have their roots in local markets, and expertise and experience accumulated and transmitted over generations of their practitioners. He put emphasis on co-operation at the intra-regional and regional and said “There is a great deal of scope fpr promoting cross-boarder experience-sharing and technology and skill development and transfer in traditional and indigenous technology.” The keynote conceptually explored socio-economic, developmental and environmental implications of modern and traditional technologies, illustrating them through distinguishing characteristics in selected products and processes. It suggested the need to consider a balance between modern and traditional technologies in the background of their socio-economic, political-economic and environmental sustainability over the long run. President of Metropolitan Chamber of Commerce and Industry (MCCI)  Syed Nasim Manzur said the government should take steps to promote private sector for industrialisation, which will help sustain industry and create employments. The session panelists included Research Assistant Institute of Policy Studies of Sri-Lanka Kithmina Hewage, Resident Representative Friedrich-Ebert-Stiftung  Bangladesh Office Franziska Korn, Deputy Executive Director CUTS International, Udai Singh Mehta from India, CPD Additional Research Director Khondaker Golam Moazzem and Associate Director Economic Development The Asia Foundation, Bangladesh Syed A Al-Muti.