Abu Sazzad :The import of capital machineries has increased significantly due to political stability in the country, said a number of businessmen and central bank officials.The import of capital machinery increased by 58.70 per cent in the first month (July) of the current fiscal compared with the corresponding month of the last fiscal.The import of capital machinery was $ 331.37 million in July of the ongoing fiscal against $208.80 million in July of last fiscal, according to Bangladesh Bank data.Talking to The New Nation, M Mahfuzur Rahman, Executive Director of Bangladesh Bank, said, the import of capital machinery and industrial raw materials is important for country’s industrial growth.Considering the matter, the central bank is always encouraging banks to provide financial facilities to the business community in importing capital machineries and industrial raw materials, said the BB Executive.Already BB has eased the conditions of sanctioning industrial loan for the sake of the country’s economic development and has asked the commercial banks to sanction SME loan to the small-scale entrepreneurs. The central bank has also asked banks and non-banks financial institutions to provide single digit loan to the women entrepreneurs. The business people pursued slow policy in expanding their businesses due to political instability of the first half of the ongoing year, but the situation has changed now, said the Federation of Bangladesh Chamber of Commerce and Industry Director Md Helal Uddin.”We are thinking to expand our business and for that the import of capital machineries and industrial raw materials is increasing recently”, said the FBCCI Director.Businessmen are the driving force of the country’s economy. So the government should create a business friendly atmosphere for the greater interest of economy, said the FBCCI leader.”If we want to achieve our expected level of economic development, political stability is must”, he also said.
