Bangladesh requires an investment of $245 billion by 2030 and $1 trillion by 2041 in the logistics infrastructure sector to become a developed nation, according to the Dhaka Chamber of Commerce and Industry (DCCI). A one-dollar investment in the logistics infrastructure sector can yield $0.05 to $0.25 in the economy. The chamber made the observations at the pre-budget discussion for the fiscal year of 2024-25.

DCCI also observed that the size of the economy would have to be $2.5 trillion to become a developed nation by 2041. Besides, per capita income will have to be $12,650 and exports should rise to $350 billion. The investment-to-GDP ratio will need to increase from 36 percent in 2030 to 40 percent in 2041.

The DCCI emphasized the need for robust governance in the financial sector, advocating for the implementation of arbitration laws and empowering asset management companies to address bad loans effectively. Additionally, they called for the expedited distribution of the remaining stimulus package for cottage, micro, small, and medium enterprises under favorable terms given the current economic climate. The DCCI also recommended boosting credit flows to the private sector and introducing premium treasury and infrastructure bonds via the capital market to secure long-term financing avenues.

Source: The Daily Star