Dhaka Chamber of Commerce and Industry (DCCI) emphasized that Bangladesh needs significant investments of $245 billion in the logistics infrastructure sector by 2030 and $1 trillion by 2041 to attain developed nation status. According to the DCCI, every one-dollar invested in the logistics infrastructure sector could yield a return of $0.05 to $0.25 in the economy. These remarks were made during the pre-budget discussion for the fiscal year 2024-25 at the Hotel Inter-Continental in Dhaka. Key figures including the finance minister, chairman of the National Board of Revenue, lawmakers, and representatives from financial institutions participated in the event.
The DCCI projected that Bangladesh’s economy would need to reach $2.5 trillion by 2041 for it to achieve developed nation status, with per capita income reaching $12,650 and exports totaling $350 billion. The investment-to-GDP ratio is expected to rise from 36 % in 2030 to 40 % in 2041. To achieve these goals, the DCCI advocated for good governance in the financial sector, the implementation of arbitration laws, and empowering asset management companies to mitigate bad loans. They also recommended distributing the undisbursed portion of stimulus packages for small and medium enterprises on favorable terms given the current economic conditions. Additionally, the DCCI proposed increasing credit flows to the private sector and introducing premium treasury bonds and infrastructure bonds through the capital market to facilitate long-term financing.
Photo Courtesy by : The Daily Star
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