'Comprehensive logistics policy needed to attract more FDI'
A comprehensive national logistics policy is required to develop the logistics and transport sector to attract more foreign investment for the field, analysts said at a session of the investment summit today.
"Streamlining national logistics development mechanism is mandatory for developing countries for engaging private investments and improving policy constraints," said Abul Kasem Khan, chairperson, Business initiative Leading Development.
He made this comment while delivering the keynote speech at a session on "Transport and logistics -- the right move" on the last day of the two-day international event at Radisson Blu Dhaka Water Garden hotel.
The Bangladesh Investment Development Authority organised the event sponsored by the International Finance Corporation.
Companies need efficient logistics support for improved productivity, channel expansion, tackle volatile market needs and shorter lead-times, Khan also said.
"Given our growth projections, we need a world-class and efficient infrastructure and logistics eco-system to improve overall country competitiveness."