Gas price hike to hit Major industries, exports: BCI chief

Gas price hike to hit Major industries, exports: BCI president

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Dhaka, April 08 – Major factories will shut down if gas price is increased and export earning will also be affected.
Besides, the small and medium type industrial units will sink into a deep sea if the decision of hiking gas price is materialized.
Newly elected president of Bangladesh Chamber of Industries (BCI) Anwar-ul Alam Chowdhury Parvez came up with while addressing at a press conference on the occasion of installation ceremony at a city
hotel yesterday.
“It is illogical to propose to increase gas price to 102.85 per cent in residential and industrial sectors despite the gas distribution company a profitable organization. It is totally unacceptable,” he said.
According to Parvez, not only price hike it also proposed to hike gas distribution charges too.
“The products prices will be increased if unnecessarily hike the gas price,” the business leader said.
Describing the bad impact on industrial units due to proposed price hike of gas, he said, adding that it would put negative impact on industries, investment and employment generation.
He urged the authorities concerned not to hike the price of gas considering the consequences of bad impact on industrial units.
All the industrial units including medium and small type factories will have to face dangerous situation due to the gas price hike proposal, he added.
“It would be a great barrier to achieve the target of sustainable development goal (SDG) and vision 2041 becoming a developed nation if gas price is hiked. Many major industrial units and small medium entrepreneurs (SME) will shutdown their units because of the issue,” Parvez said.
The BCI president said country’s economy stands into a strong position due to the relentless attempts both by the government and private sector.
The national growth reached to eight per cent from seven per cent, he said, adding, “it is very important to keep continue the trend of national growth of gross domestic product (GDP). For this, it is important to give special attention for structural development and private sector,” Parvez observed.
The BCI president has proposed to fix Tk 300 as trade licence fee for five years for the young entrepreneurs. – Staff Reporter

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