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DCCI: New goal needed to boost GDP

  • Published at 06:55 pm December 17th, 2016
  • Last updated at 06:26 pm December 18th, 2016
DCCI: New goal needed to boost GDP
He said the government has to set a new goal to immediately increase GDP by 2% from the country’s limited resources. Hossain Khaled was addressing a press conference in Dhaka yesterday to announce an international conference titled “New Economic Thinking: Bangladesh 2030 and Beyond.” The conference will be held on December 21 at Radisson Hotel Dhaka. DCCI is organising the event. Prime Minister Sheikh Hasina will attend the conference as the chief guest. DCCI president put emphasis on creating credible investment climate and opportunities in a wide ranging manufacturing and service sectors. He said this involves eight sectors - backward linkage industry, shipbuilding, pharmaceuticals, ICT, automotive, agro processing, plastic and physical infrastructure to accelerate the growth engine and spur domestic and foreign direct investment dynamics. “Bangladesh will be in the real economic path if we catch with the international ICT growth,” Khaled added. He also said: “The country’s growth rate will not be sustainable unless the cost of doing business eases.” According to him, the cost related to the use of ports and other infrastructural facilities should be less than how along with a stable economic situation for to make the present economic growth sustainable. DCCI president criticised the government’s decision to increase gas prices. He said: “We have ample gas reserves but the government has decided to increase price hike of gas.” Khaled said the price hike of gas will increase the cost of production,  resulting in “our products are going to be costly in global market.” “Besides, the local consumers will also be affected by the price hike of gas.” DCCI president added: “We want to create a balance between resources and our needs since we believe to be graduated to a middle income country by 2021 featured by 8% GDP, 34% private investment and 31% industrial growth.