The Prime Minister’s adviser on private industries and investment, Salman F Rahman, has said doing business should become very simple for all entrepreneurs in Bangladesh and the government was working hard towards that end. He said the result of new rankings in the ease of doing business index would be announced in October and, hopefully, Bangladesh would improve its position by coming down to at least 125.
Rahman was speaking at the inauguration programme of the Yamaha Motorcycle CKD Assembly factory through a video conference held at the Le Meridien, Dhaka, yesterday (Saturday).
“We have made significant progress in different areas. Hopefully, we will bring it down in the next year to double digits. We want to be below 50 in the ease of doing business anyhow,” he said.
He said under the dynamic leadership of Prime Minister Sheikh Hasina the country was not only heading towards becoming a middle-income country, but by 2041 will gradually become a developed country. And he added that in this journey of the country’s business and industry, the support and cooperation offered by Japan was extremely helpful.
The Prime Minister’s adviser said the economy would actually move with the private sector and, for the first time since this government came to the power most of the Cabinet ministers are from the private sector. This indicated, he said, that the private sector was going to lead Bangladesh into the future.
“Now we have got a fibre optic backbone connected at the union level. So, Bangladesh is now very well connected digitally and it will really help us to give the one-stop service,” Rahman said.
M Anis Ud Dowla, chairmen of ACI, said the quality of motorcycles manufactured in Bangladesh would be on a par with the motorbikes of India and Japan. Now Bangladesh would be able to produce and supply high-quality motorbikes to the local market. He added that the government’s policy had been very helpful in establishing the factory.
“The factory’s targeted annual production is about 60,000 units,” he said.
Kazi M. Aminul Islam, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) and Yasutaka Suzuki, Executive General Manager of YAMAHA Motor Corporation, were special guests.
The Yamaha Motorbike CKD Assembly Factory has been established at Borochala of Sreepur in Gazipur district with the direct collaboration of Yamaha Japan. Yamaha Japan has made sure to provide the necessary equipment and technical supports to ensure quality at every stage of manufacturing at this plant.