Anwar Ispat

Dhaka, Monday

17 January 2022

Business Insider Bangladesh
Rangdhonu Group

BGMEA calls for enhancing capacity, efficiency of land ports

BI Report || BusinessInsider

Published: 22:20, 7 December 2021  
BGMEA calls for enhancing capacity, efficiency of land ports

Photo: Collected


BGMEA President Faruque Hassan has urged the Bangladesh Land Port Authority (BLPA) to enhance capacity and efficiency of all land ports in the country to meet the future demands of expanding trade and commerce.

He made the call during a meeting with BLPA Chairman Md Alamgir at the latter’s office in Dhaka on Tuesday.

Faruque Hassan said the economy of Bangladesh is expanding day by day, alongside the country’s import-exports and investment are also growing. Hence, modern facilities will speed up and boost the trade of the country.

Expansion of infrastructure along with improved services at the land ports is essential to facilitate more favourable trade between Bangladesh and India and other neighbouring countries, he said.

The BGMEA president also requested the Land Port Authority to more simplify export-import related services and procedures at the ports to speed up trade activities.

Increase in prices of yarn, chemicals and other raw materials in the global supply chain has pushed up production costs, he said. In such context, more efficient port facilities are required to reduce lead time and check additional costs in order to remain competitive in the global market, he added.

Monetary Policy Stance
Budget 2020-21