“The most important right now is signaling where the economy is headed. For instance, we have already observed a drop in inflation; these signals need to be conveyed loudly and clearly to both the domestic and international communities because we need to recapture the narrative that Bangladesh is back in business,” Mr. Syed Nasim Manzur, President of Leathergoods and Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) and Managing Director, Apex Footwear, said in a roundtable discussion titled “Current Business Challenges and Way Forward” hosted by the Daily Star on September 9, 2024.
He said, challenges on the export side include re-establishing the reliability and consistency of Bangladesh, and we require a clear communication strategy for that. He recommends setting up a task force consisting of major exporters, the government, and some of our international partners, investors, and buyers to outline this communication strategy.
Mr. Manzur urged the creation of a task force, comprising major exporters, the government, international partners, investors, and buyers, to develop a comprehensive communication strategy.
According to him, another important recommendation is to ensure safety in the five major industrial zones: Chittagong, Ashulia, Narayanganj, Gazipur, Narsingdi, and the Cumilla belt, which are the heart of industrial manufacturing of Bangladesh. It is crucial to emphasize that factories are national assets, even if the owners are compromised. He demanded an urgent response from the government to the situation and hoped that this message would be delivered clearly and strongly by the advisers.
Read more here: The Daily Star
