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Sunday, 26 May 2013

Recommendations to be submitted to PM to rejuvenate BSCIC

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Reported by: UNBconnect
Reported on: May 21, 2012 19:57 PM
Reported in: Business
News - Recommendations to be submitted to PM to rejuvenate BSCIC
Dhaka, May 21 (UNB) – Experts at a roundtable here on Monday prepared a set of recommendations to place before Prime Minister Sheikh Hasina to modernise BSCIC and make it truly functional to help flourish small and cottage industries in the country.

The 41-point recommendation will include recasting BSCIC, formation of an advisory body with economists, resource persons and civil society members and making required budgetary allocations and enriching BSCIC industrial estates to ensure its due role in the country’s industrialisation process.

BSCIC (Bangladesh Small and Cottage Industries Corporation) arranged the roundtable, titled ‘Vision 2021 and BSCIC: Possibility and Our Duty’, at Ruposhi Bangla Hotel with Industries Minister Dilip Barua in the chair.

Renowned economist and chairman of Palli Karma Shahayak Foundation Qazi Kholiquzzaman Ahmad, former Bangladesh Bank Governor Dr Farash Uddin Ahmed, Bangladesh Krishi Bank chairman Khondkar Ibrahim Khaled, former BSCIC chairman MA Mannan, MP, Centre for Policy Dialogue (CPD) Senior Research Fellow Dr Khondker Golam Moazzem, BSCIC chairman Fakhrul Islam, DCCI additional secretary Ferdous Ara and representatives from different ministries and media took part in the discussion.

Putting forward his recommendations, Kholiquzzaman said attention needs to be given to small and cottage industries separately to meet the demand of time.

“There should be an advisory body apart from administrative board for better management of BSCIC,” he said adding that accountability will have to be ensured, too.

He also said the government needs to give attention to non-farm sector to increase employment generation and productivity.

Farash Uddin said there is no alternative to BSCIC for generating employment and enhancing productivity. “A wholesale structural change is needed in the BSCIC and its design centre will have to be modernised,” he said.   
   
Ibrahim Khaled recommended having advisory boards at divisional level for BSCIC to support its central office.

He also suggested formation of a policy board with experts and favored a research and innovative marketing wing for BSCIC.  

The other recommendations are formation of a consortium with a number of banks to set up CETP at Savar Leather Industrial Estate, a separate ministry for small and cottage industry and designing budget for BSCIC through consultation with entrepreneurs and experts.  

Industries Minister Dilip Barua said they would place the recommendations to the Prime Minister on May 30 for chalking out a future plan for BSCIC’s effective functioning.
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