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Dhaka Tribune

PM tells business community: Diversify variety of products for export

The prime minister was honoured with the Visionary Leadership Award for her contributions to developing Bangladesh

Update : 28 Oct 2018, 03:10 PM

Prime Minister Sheikh Hasina has asked the business community to diversify their products and explore new markets across the world.

"We have to diversify our export products...you have to think about how many varieties you can bring in your export basket," she said on Sunday.

The prime minister made the statement while inaugurating “Destination Bangladesh: Gateway to Growth and Development” at Bangabandhu International Conference Centre.

The program was organized by the Dhaka Chamber of Commerce & Industry (DCCI) to celebrate the 60th year of its founding, reports UNB.

Sheikh Hasina said the business community needs to exit the traditional mindset of reaching only one or two destinations for their products. 

"Now markets are there in many countries. We have to look at those destinations, we have to find out which country wants what type of products, and we have to produce those items," she said.

She furthered: "You have to look out for the products that are produced in a particular area, and the demand of the product also has to be taken into consideration."

"For flourishing trade and commerce, we will do whatever is needed."

Talking about government’s development activities, she said the country will be able to attain 8.25% GDP in the next fiscal year. 

"We have fixed the target, our per capita income has increased along with the purchasing power," she added.

The Prime Minister urged private sector entrepreneurs to play a bigger role in attaining 8.25 GDP growth.

Mentioning the steps taken in the last 10 years, Sheikh Hasina said her government has not thought only about the development of urban areas.

Regarding the upcoming election, she said: "Now, we are in power...the election is coming, if the people of Bangladesh cast their votes for us, then we will be able to fulfil our unfinished development programs."

About not coming to power, Sheikh Hasina said: "What will happen after that I cannot tell you because our experience was bitter the previous time." 

The prime minister urged the business leaders to prepare and submit specific recommendations, keeping in mind the emerging economic potential of Bangladesh.

Commerce Minister Tofail Ahmed, State Minister for Finance and Planning MA Mannan, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Shafiul Islam (Mohiuddin), and DCCI President Abul Kasem Khan also spoke at the event.

At the event, the prime minister was honoured with the Visionary Leadership Awards for her contribution to developing Bangladesh, particularly promoting the private sector.

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