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Low production cost to give comparative advantage |
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September 3, 2000
Dhaka (UNB) - Finance Minister Shah AMS Kibria has said low production cost will give Bangladesh a comparative advantage if better productivity is achieved with efficient management. “We’ve a breathing time while the labour cost is still low. This advantage can be availed of if management is modern, efficient, motivated and enlightened,” he said here yesterday (Saturday). The finance minister was inaugurating a conference of Junior Chamber Bangladesh, an affiliate of Junior Chamber International, at Hotel Sheraton in the morning. A delegation comprising young business executives from India, Pakistan and Nepal has joined the conference on “managing the excellence” to be followed by a training course. Kibria rejected the “pessimistic view” hold by some quarters that Bangladesh would be in a disastrous state in the quota-free regime beyond the year 2005. Latest technology, better productivity and innovative corporate management can put Bangladesh on a strong footing for stiff global competition, he said. “We need management. We need entrepreneurs,” the finance minister said, calling for more private sector ventures in the agro-based and IT sectors that enjoy special government incentives. Dhaka Chamber of Commerce and Industry (DCCI) president Aftab Ul Islam said despite huge natural and human resources, Bangladesh’s tremendous potentials remained untapped due to management failures. Bangladesh’s human resources have proved their skills abroad, but “our performance right at home is disgraceful,” he said. Junior Chamber International vice president Kirti Tuladhar and JCB president Nesar M Khan also spoke on the occasion. |