A representative of the business community, the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), has urged the government to increase support for backward linkage industries, focusing particularly on the leather, and RMG sectors.
During the inaugural meeting of the Standing Committee on Backward Linkage Industry at FBCCI’s Motijheel office in Dhaka, chaired by Omar Faruk, Shenzhen Metal Industries, the discussion highlighted the urgent need for improved facilities.
Amin Helali, Director, Standing Committee, emphasised on the crucial role of backward linkage industries in the country’s economic growth and foreign exchange earnings, spanning from readymade garments to leather.
Despite their significant contribution, these industries face various challenges, particularly the lack of direct export avenues.
The committee emphasised the necessity of government cooperation and stakeholder involvement to effectively address these challenges. The industry has progressed from being an importer of 100 per cent of materials for production to achieving self-sufficiency, even amidst disruptions like the COVID-19 pandemic, Helali pointed out. He also highlighted the sector’s resilience in maintaining exports despite import interruptions.
