DCCI seeks steps to improve environment of doing business

Dhaka Chamber of Commerce and Industry (DCCI) President Abul Kasem Khan yesterday sought steps to improve environment for doing business in the country, said a press statement.

He said the infrastructure Investment to Gross Domestic Product (GDP) trend is discouraging and still below 5per cent. The Infrastructure investment to GDP was 2.87 per cent in 2016 which increased to 2.96 per cent of GDP in 2017.

On the other hand, the private investment and GDP is currently 23 per cent which is to be raised to 29 per cent, he said.  

Mentioning the consecutive fall in doing business index, he said, “To improve the rank in ease of doing business and investment position, PPP Authority can work with BIDA (Bangladesh Investment Development Authority) in a shared taskforce for focused improvement of underperforming criteria in doing business index,”

The Board of Directors of the DCCI led by its President met Chief Executive Officer of Public Private Partnership (PPP) Authority Syed Afsor H Uddin and discussed these issues.

During the discussion, Kasem Khan said 47 Projects costing $14 billion has been principally approved in PPP office.

Bangladesh is placed at the bottom, ranking 177 in the World Bank report “Doing Business 2018”, he said.

The DCCI chief said consecutive fall in doing business index hurts the potential of foreign investment in PPP projects.

"For minimum 5 percent infrastructure investment, we require additional Tk. 42,510 crore or equivalent to $5.45bn fund each year," Kasem Khan said. He proposed to include private sector in the PPP Board for faster implementation of PPP projects in future.

Kasem Khan also proposed to form National Infrastructure Development and Monitoring Advisory Authority (NIDMAA) to faster implement and monitor large mega infrastructure projects.

He also proposed to form an Infrastructure Bond under the stock market for facilitate financing of large infrastructure projects.

CEO of PPP Authority underscored the importance of forming a Public-Private Infrastructure Platform and a National Infrastructure Plan, said a DCCI press reelase.

The PPP CEO said for proper and timely implementation of mega projects, a national infrastructure execution committee can be formed.

He pointed out some challenges in timely execution of PPP projects for instance finance, skilled manpower, lack of specialist project delivery team and lengthy procedures in feasibility study.

 

DCCI seeks steps to improve environment of doing business

Dhaka Chamber of Commerce and Industry (DCCI) President Abul Kasem Khan yesterday sought steps to improve environment for doing business in the country, said a press statement. He said the infrastructure Investment to Gross Domestic Product (GDP) trend is discouraging and still below 5per cent. The Infrastructure investment to GDP was 2.87 per cent in 2016 which increased to 2.96 per cent of GDP in 2017. On the other hand, the private investment and GDP is currently 23 per cent which is to be raised to 29 per cent, he said. Mentioning the consecutive fall in doing business index, he said, To improve the rank in ease of doing business and investment position, PPP Authority can work with BIDA (Bangladesh Investment Development Authority) in a shared taskforce for focused improvement of underperforming criteria in doing business index, The Board of Directors of the DCCI led by its President met Chief Executive Officer of Public Private Partnership (PPP) Authority Syed Afsor H Uddin and discussed these issues. During the discussion, Kasem Khan said 47 Projects costing $14 billion has been principally approved in PPP office. Bangladesh is placed at the bottom, ranking 177 in the World Bank report Doing Business 2018, he said. The DCCI chief said consecutive fall in doing business index hurts the potential of foreign investment in PPP projects. For minimum 5 percent infrastructure investment, we require additional Tk. 42,510 crore or equivalent to $5.45bn fund each year, Kasem Khan said. He proposed to include private sector in the PPP Board for faster implementation of PPP projects in future. Kasem Khan also proposed to form National Infrastructure Development and Monitoring Advisory Authority (NIDMAA) to faster implement and monitor large mega infrastructure projects. He also proposed to form an Infrastructure Bond under the stock market for facilitate financing of large infrastructure projects. CEO of PPP Authority underscored the importance of forming a Public-Private Infrastructure Platform and a National Infrastructure Plan, said a DCCI press reelase. The PPP CEO said for proper and timely implementation of mega projects, a national infrastructure execution committee can be formed. He pointed out some challenges in timely execution of PPP projects for instance finance, skilled manpower, lack of specialist project delivery team and lengthy procedures in feasibility study.