Economy gains stronger base

http://www.daily-sun.com/details_ds-economy-gains-stronger-base_427_1_3_1_5.html

40 Years of Independence
Economy gains stronger base
Speakers at a seminar
Staff Correspondent

Speakers at a seminar yesterday said the economy of Bangladesh has gained a strong base in 40 years of independence.

They said the country has captured a major stake of the global readymade garments (RMG) market along with achieving self sufficiency in food.

The Industries Ministry organised the seminar on “Forty years of independence: achievement and expectation of the industry” at the BCIC auditorium in the city.

Industries minister Dilip Barua addressed the seminar as chief guest with industries secretary KM Masud Siddique in the chair. Professor Mostafa Nur Islam was the prime discussant at the seminar.

While addressing the seminar, Dilip Barua said Bangladesh is getting a large amount of remittances sent by its 7.5 million expatriates staying in different countries across the world.

“The remittance worth $12 billion sent by the expatriates made our economy stronger,” he said, pointing out that it would never have been possible if the country failed to gain independence from the then West Pakistan.

He expected that the industrial sector will gain double digit growth if the ongoing industrial policy keeps continuing.

The other speakers, however, said the country could not properly utilise its prospects for the development of economy even after 40 years of independence.

They opined Bangladesh can turn into a middle-income country by 2021 through utilising the creativity and skills of its huge population.

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