The New Nation - Internet Edition

NATION BUSINESS REPORT

The 22nd Annual General Meeting 2007 of Bangladesh Chamber of Industries was held on November 24 last in the Board Room of BCI.

BCI President AK Azad presided over the meeting and presented a brief description of BCI activities in 2007. He extended heartfelt thanks to all concerned, including the distinguished directors and members of BCI for offering valuable cooperation towards the last activities.

The meeting discussed threadbare the last year's activities and accounts. After discussion the house unanimously confirmed the minutes of the 21st AGM and adopted Annual Report of BCI for the year 2007.

The meeting elaborately discussed the problems of industrialisation and solution as well as export, investment, abnormal price hike, infrastructure problems including power, gas, water, overall political situation of the country and laid emphasis on solution of those problems.

AK Azad said in his speech that BCI has been trying desperately to help industrialise the country by facing various obstacles.

But deterioration of law and order situation, terrorism, political instability and other several problems are major hurdles on the way to industrialisation and for that reason the economy could not reach the expected target. He urged the government to remove the obstacles immediately for the sake of industrialization.

He also emphasized to take necessary action to help solve the inefficiency of banking sector, reduce bank rate, setting up more EPZ and industrial units/parks to bring down the prices of essential goods to a reasonable level. He urged the government to patronize for setting up of more backward linkage industries, to diversify export and to develop other potential sectors to face global competition.

ATM Waziullah, chairman of the Election Board announced the result of election of the members of the Board of Directors of BCI for the term 2008-2010.

Shahedul Islam has been elected the president of BCI.

SM Shahab Uddin and Delowar Hossain Raja have been elected the senior vice president and vice president respectively.