Bangladesh's logistics sector not recognised by govt

30 Jul '22

2 min read

Pic: The American Chamber of Commerce in Bangladesh (AmCham)

The logistics sector in Bangladesh is not yet formally recognised because of which it does not enjoy government benefits or incentives, a policy dialogue in Dhaka on the country’s logistics sector was told recently. Lack of a national logistics policy led to uncoordinated logistics sub-sectoral growth. The complexity of these challenges requires a multi-faceted policy response, experts argued.

The next phase could be much more challenging, and therefore, it is crucial that the government, the private sector and concerned stakeholders step up and work together to adapt as best as they can, the dialogue heard.

Nine ministries and 21 government agencies are involved now in setting up policies, regulations, planning, operating infrastructure and providing services in the logistics arena, a press release from the American Chamber of Commerce (AmCham) in Bangladesh, which organised the dialogue, said.

National strategies like the 8th Five Year Plan and the Perspective Plan of Bangladesh 2041 are envisioning an export-led growth strategy, where a dynamic logistics sector is critical. Logistics improvement will lead to enhanced competitiveness of Bangladeshi products.

The release said better logistics can increase trade volume, diversify export, bring foreign direct investment, and boost economic growth. Improved logistics will help to reduce pervasive congestion and delays in the logistics system be it roads, seaports or land ports.

Poor intermodal interconnectivity and capacity constraints of ports need to be addressed in coordination with the public and private sector.

ALCHEMPro News Desk (DS)

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