DCCI urges govt to reconsider gas, power tariff hike
A leading chamber has expressed deep concern over the recent hike in gas and electricity tariffs and urged the government to reconsider the decision, especially to facilitate industrial, trade and economic growth in Bangladesh.
The price hike will have manifold impact on the economy as increased costs will ultimately hurt exports, Dhaka Chamber of Commerce and Industry said in a statement yesterday.
The price hike could push the inflation into double digits and create other economic vulnerabilities, the chamber said.
It will also increase the sufferings of the poor and middle-income people as the price hike will also increase the cost of living, the DCCI said.
It will also further slower the inflow of foreign direct investment as the foreigners have always marked utility crisis as a serious matter of concern in Bangladesh, the chamber said.
The growth of the textile and garment industry will be immensely restrained and challenged, as it uses the largest amount of power in the country, it said.
The change in the tariff will only create additional challenges for the textile and garment industry, according to the statement.
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