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Business Insider Bangladesh

BPSWC strategizes to boost MSME competitiveness for sustainable development

BI Desk || BusinessInsider

Published: 23:06, 7 December 2023  
BPSWC strategizes to boost MSME competitiveness for sustainable development

Photo: Collected

To address the challenges of LDC graduation and align with Sustainable Development Goals (SDGs), the Bangladesh Private Sector Working Committee (BPSWC) emphasized the imperative need for MSME competitiveness.

The emphasis was given at its 2nd meeting held today in the capital's Gulshan area. FBCCI President and Chairman of the BPSWC Mahbubul Alam chaired the meeting, said a press release, reports BSS.

The FBCCI President said that business activity, investment and innovation are the major drivers of productivity, inclusive economic growth and job creation.

He said diversity of the private sector, ranging from micro enterprises to cooperatives to multinationals is enormous.

"For this, we need to extend our strong support on "Making MSMEs Competitive through Intellectual Property (IP) and Innovation," Mahbubul added.

He said the BPSWC may pursue on expediting grants and low-cost loans from development partners and international donor agencies and they are committed to support financially for meeting the trade gap of the poorest and other countries which creates due to Covid 19 Pandemic.

"We are hopeful to get support from our UN Office in Bangladesh in this regard. Gwyn Lewis, the UN Resident Coordinator in Bangladesh, emphasized the private sector's role in inclusive sustainable development," he added.

Co-chairman of the BPSWC, Ardashir Kabir, acknowledged challenges arising from the pandemic and global conflicts but reaffirmed the committee's commitment to accelerating progress towards their aspirations.

Co-chairman of the BPSWC and President of BEF Ardashir Kabir said, the BPSWC faces challenges because of the complexity and involvement of various parties.

"I hold the belief that we can still reach our grand aspirations and advance Bangladesh to the subsequent level of advancement," he added.

Arifur Rahman Mamun, Deputy Director (SDG Co-ordination Cell) of Prime Minister's Office; Ben Morgan, Development Coordination Officer, UNRC; Farzanah Chowdhury, Committee Member, BEF; Secretary General of FBCCI Md Alamgir; Brigadier General (Retd) Abu Naeem Md Shahidullah, Advisor, FBCCI Safety Council Advisor and BPSWC Member Secretary; Manzoor Ahmed, Trade and Tariff Policy Advisor, FBCCI; Farooq Ahmed, Secretary General, BEF and distinguished representatives from UN, UNICEF, UNDP, UNRC, FAO, ILO and SDG focal point joined the meeting.

The BPSWC was established to support the country's private sector to work together with the government of Bangladesh, the UN, as well as national and international development organizations, for the advancement of the 2030 Agenda for Sustainable Development and the achievement of the Sustainable Development Goals.

This committee is expected to focus on issues including job creation, youth employment, and the fostering of a decent work environment, crucial challenges which need to be addressed in order to achieve the Sustainable Development Goals.

Monetary Policy Stance
Budget 2020-21