Hard times for the industrial sector

The country’s industrial sector is going through a difficult period due to many problems, including high inflation, low gas pressure, high interest rates on loans, VAT and tax overpayments, and the dollar crisis. Sales of all companies have recently decreased significantly.

Taking all this into account, the domestic industry faces difficult challenges. Businessmen demand a sustainable solution to the energy and gas crisis. The prices of electricity and gas were increased in the hope of ensuring their continuity of supply.

However, despite the downward trend in energy prices on the international market, it is heard that electricity and gas prices will increase again. It is important to have a permanent solution to the problem. If the industrial sector is presented with a long-term plan for electricity and gas supply, it will be able to make progress accordingly.

Businessmen say that a certain policy of Bangladesh Bank encourages banks to invest in bonds. As a result, there will be a liquidity crisis in the bank. New investments will not flow and the unemployment rate will increase thanks to such a move by the central bank, entrepreneurs say. It is very important to save our current industry.

Businessmen demand sustainable development

electricity and gas solution

crisis

Running businesses has become difficult due to new rules at different times. Bangladeshi entrepreneurs can develop the country in any situation. All that is needed is a sustainable policy, because good policies encourage good entrepreneurs.

We believe that by observing the latest state of the global and domestic economy, the government will continue to provide more inclusive support by providing facilities to all categories of enterprises such as large, medium and small, cottage and micro.

Inflation has increased, the prices of all basic items have exceeded the purchasing power, thus not only developing countries like Bangladesh but also developed countries are struggling. The impact of the Covid-19 pandemic, the Russian-Ukrainian war and the Palestinian-Israeli conflict have resulted in abnormal increases in energy prices, food prices, agricultural production costs, industrial raw materials, parts and transportation costs.

High inflation also affects exchange rates, adding that rising costs of doing business make it difficult for local entrepreneurs to survive in global competition. We hope that the business-friendly budget for the next financial year will address all concerns so that entrepreneurs can run their businesses smoothly and without harassment.