Skip to main content

Private Investments Decreased in current fiscal


In the last two fiscal years, the private investment in the various industrial sectors of Bangladesh has decreased. This was caused by both the downgrading global economy and a few internal issues like shortage of power, infrastructural barriers, fluctuating inflation rate, frequent changes in policies and strict credit rate.

The recent survey conducted by Bangladesh Bureau of Statistics found that private investment dropped down 0.37 percent in the ongoing fiscal year. This is the second time this situation has occurred in the last 20 years. The other time it happened was in 2009. A few roundtable meetings held by the Centre for Policy Dialogue discussed about this problem and highlighted three issues as the biggest factors of the decrease in private investment.

One of the major problems behind this incidence is the poorly founded infrastructure of the financial institutes, government policies and the coordination between the government and the private investors. Difficulty in accessing finance is another major issue in this case. This is causing the production cost to rise up and ending up in creating a noticeable distinguish between the local and foreign market.

Mr. Debopriya Bhattacharya, one of the fellows of CPD, claimed that corruption and difficulty in access to finance is causing the private investors to pull away from investing in Bangladesh. According to the World Bank, the randomly fluctuating inflation rate and the tightening of credit system is causing the dip in the private investment.

If the current government wants to meet up to their target of private investment against the GDP, they have to take action to resolve these issues. A strong infrastructure and strictness against corruption might attract more private investors to invest in Bangladesh.

On a brighter note, local conglomerates including Square Group, Aftab Group and Transcom has seen a rise in the current fiscal and contributed to the country’s economy by investing in new projects and creating employment.

Comments

Post a Comment

Popular posts from this blog

Dhaka in the 1950s and 1960s

In the mid 1950s, Dhaka, known as ‘Dacca’ at that time, was just a small provincial town with about 3,00,000 inhabitants. Dhanmondi at that time just started to grow; Maulvi Abdus Sobhan's family had some habitation in Sobhanbagh, Dhaka Stadium was being constructed to host cricket matches and New Market was starting to become a busy shopping area. Dhaka residents loved cinema since the time it was introduced. Baliadi Siddiki family owned Nishat Cinema Hall and held a mega event when the film ‘Aan’ by Mehboob Khan was released in 1952. Elephants were used by the hall owner to distribute leaflets and to spray colour water. There was another prominent hall named Britannia near Rex Restaurant at Gulistan but was closed down in the late 1950s. Gulistan Cinema Hall, city’s first modernity landmark, came up in 1952. Amber, started with Raj Kapoor and Nargis, was the first film the hall showed. Mukul which later became 'Azad 'used to show Bengali films from Kolkat...
2 comments
Read more

সুন্দর পশু-পাখি, সুন্দর গাছ আর সুন্দর সুন্দর জঙ্গল নিয়ে সুন্দরবন

...প্রাকৃতিক দুর্যোগের সময় এদেশের মানুষের পক্ষ হয়ে বর্ম হিসেবে দাড়িয়ে যাওয়া সুন্দরবনের সাথে বেশীর ভাগ মানুষের প্রথম পরিচয় হয় বাংলা ১ম পত্রের গদ্য বইয়ে অথবা বাংলা ২য় পত্রের রচনায়। সুন্দরবন - এর আক্ষরিক অর্থ 'সুন্দর জঙ্গল' অথবা 'সুন্দর বনভূমি' কিন্তু নামকরণ হয়েছিল 'সুন্দরী গাছ' থেকে যা এখানে প্রচুর পরিমানে জন্মে। তবে যেহেতু স্থানীয় আদিবাসীরা অনেক আগে থেকে বনটিকে ‘চন্দ্র-বান্ধে’ নামে ডাকতো তাই হতে পারে ‘চন্দ্র-বান্ধে’ নামটি কালের পরিক্রমায় ‘সুন্দরবন’ হয়ে গেছে। বঙ্গোপসাগরের কোল ঘেষে অবস্থিত এই বনের বাঘ ‘রয়েল বেঙ্গল টাইগার’ নামে পরিচিত যদিও সংখ্যায় এখন এ প্রাণী ক্রমনিম্নগামী। সুন্দরবন সমুদ্র উপকূলবর্তী এলাকায় অবস্থিত হবার কারনে এখানকার পানি নোনতা এবং এই লবণাক্ততার কারণে বাঘ অস্বস্তিকর অবস্থায় থাকে যা তাদের বেশ আগ্রাসী করে তোলে তাই  মাছ ও মধু সংগ্রহকারী মানুষদের উপর সুযোগ পেলে তারা ঝাপিয়ে পরে। ১৭৫৭ সালে পুরো বাংলার ইজারা নেয় বৃটিশ ইস্ট ইন্ডিয়া কোম্পানি যার মধ্যে সুন্দরবনও ছিল। এই বনের গুরুত্ব বুঝতে পেরে ইস্ট ইন্ডিয়া কোম্পানি একটা মানচিত্র তৈরি করে সেইসময়...
Post a Comment
Read more

Whom to blame for airplane crashes and how the Biman Bangladesh airlines crashed in Dhaka, Singapore & Sylhet

According to transportation safety boards and air crash investigation teams, airplane accidents occur at a rate of one per 1.2 million flights. It means probability of a regular person facing a crisis on air is very less, almost none in fact . Probability of dying is even slighter; 1 in 11 million. The odds of being in a car accident are around 1 in 12,000 in a developed country and around 1 in 2,000 in a developing country like Bangladesh. So, air traveling in reality is a safe medium. But due to wide media coverage on air crashes, people tend to think otherwise. Then again, most people fear air traveling because a sense of ‘helplessness’ digs in mind of most passengers when things go wrong on board. Surprising as it may sound, one can make the traveling a little safer just by opting to sit on the back of an airplane. It has been proved that passengers sitting at the back of a flight have more possibilities of survival compared to passengers sitting in front of the airp...
Post a Comment
Read more