Business-friendly environment now in country

A business-friendly environment has been created in the country now, which needs proper management of land and efficient manpower to become an economically solvent nation, observed a leader of the country's business community.
“To avail the opportunities of bringing about a positive change in the economic sector, the businessmen and managers should be accountable and transparent,” Syed Manzur Elahi, administrator of FBCCI (Federation of Bangladesh Chamber of Commerce and Industry), told a seminar in Dhaka yesterday.
North South University (NSU) and Bangladesh MBA Association jointly organised the seminar on 'Vision 202: Management Challenges for Future Bangladesh' on the NSU campus.
Elahi also pointed out that any corruption by high and mid level managers hinders development and discourages new entrepreneurship.
Managing Director of Citibank NA, Bangladesh Mamun Rashid presented the keynote paper at the seminar.
He said if the country can develop proper management to utilise the huge manpower, it is possible to achieve a per capita income of $3000 by the year 2021.
Bangladesh also needs to concentrate on improving education system and healthcare to get an efficient and skilled manpower, he suggested.
Mamun also emphasised reforms in the entire infrastructure, including railway and ports, and strengthening the private sector to encourage more local and foreign investment.
He said the global banks and financial institutions including Citi, Goldman Sachs, JP Morgan and Merrill Lynch have identified Bangladesh as a key investment destination.
He said positive measures on capacity building and resource mobilisation will help Bangladesh gain a 40 percent industrial growth by 2021.
Hafiz GA Siddiqi, vice chancellor of North South University, said the government should restructure and rearrange the whole education system and secure quality education to get a prosperous economy.
Ibrahim Khaled, president of Bangladesh MBA Association, and Rahim B Talukder, vice chancellor of Eastern University, were also present at the seminar.