The President of Dhaka Chamber of Commerce and Industry (DCCI) Ashraf Ahmed on Tuesday said that there is a 30-40% working capital shortfall in the industries due to the rising exchange rate of the US dollar with the local currency.
As a result, entrepreneurs have to arrange additional money to operate businesses; otherwise the cost of business would have to be reduced.
The DCCI president was speaking at “CMJF Talk,” a program organized by Capital Market Journalists Forum (CMJF) in the capital on Tuesday.
He said meeting the demand for additional working capital is a big challenge for business.
“If it is not possible to meet this demand of additional capital, the impact of that will reduce production, shrink employment,” he added.
The DCCI president thinks that the biggest challenge is to maintain the private sector through loan growth this year.
Ashraf said: “We can work with the government to implement various policies. In the present reality, many new types of industries are developing in the country. If the capacity is increased with Smart Bangladesh Vision, it is possible to raise the country's economy to $1 trillion.”
The program was organized by the organization's General Secretary Abu Ali at the old Paltan CMJF office in the capital.
CMJF President Golam Samdani Bhuiyan and Secretary Abu Ali also spoke at the event.
