UNB, Dhaka :
Speakers at a function on Monday laid emphasis on the basic need for financing and simplification of policies for the tea sector, which was one of the prides of the country.
They also discussed the administrative hassles for opening branches of the banks in line with the Bangladesh Bank circular issued on January 16, 2014.
The issues came up at the fourth meeting of the Financial Sector Development Working Committee (FSDWC) of Business Initiative Leading Development (BUILD) held at the DCCI Board Room.
M Abul Kashem, Deputy Governor of the Bangladesh Bank, and Humayun Rashid, acting President of DCCI co-chaired the meeting.
BUILD presented two research-based papers-policy and regulatory simplification for financing tea and encouraging more investment in the sector; and administrative expenses to establish new branches of bank.
BB deputy governor M Abul Kashem agreed on the proposals for extending financing for tea sector which has 99 percent recovery and emphasized on the coordinated role of concerned ministries such as Finance and Commerce, and Planning Commission, Tea Board and Bangladesh Bank.
He suggested the BUILD to prepare a summary proposal to discuss in a short meeting and then send to Ministry of Finance.
The BB deputy governor further suggested sending a coordinated proposal along with Bankers Association of Bangladesh about renovation and space allocation for new branches of banks.
All concerned public and private sector representatives dealing with tea sector and Banks and Financial institutions were present to interact and put forward their issues for validating the recommendations of BUILD.
Asif Ibrahim, Chairman, BUILD; Laila Rahman Kabir, former president of Tea Association and MCCI; Maj Gen M Enayet Ullah, Chairman of Bangladesh Tea Board; Khairul Majid Mahmud, Managing Director of Caldwell Development Ltd; Nabhash Chandra Mandol, Executive Member, BOI; and M Shoaib Choudhury, Vice President, DCCI were, among others, present.
Representatives from Bangladesh Bank, Ministry of Commerce, Tea Board, Cha Sangshad and Tea Association were also present in the meeting.
Speakers at a function on Monday laid emphasis on the basic need for financing and simplification of policies for the tea sector, which was one of the prides of the country.
They also discussed the administrative hassles for opening branches of the banks in line with the Bangladesh Bank circular issued on January 16, 2014.
The issues came up at the fourth meeting of the Financial Sector Development Working Committee (FSDWC) of Business Initiative Leading Development (BUILD) held at the DCCI Board Room.
M Abul Kashem, Deputy Governor of the Bangladesh Bank, and Humayun Rashid, acting President of DCCI co-chaired the meeting.
BUILD presented two research-based papers-policy and regulatory simplification for financing tea and encouraging more investment in the sector; and administrative expenses to establish new branches of bank.
BB deputy governor M Abul Kashem agreed on the proposals for extending financing for tea sector which has 99 percent recovery and emphasized on the coordinated role of concerned ministries such as Finance and Commerce, and Planning Commission, Tea Board and Bangladesh Bank.
He suggested the BUILD to prepare a summary proposal to discuss in a short meeting and then send to Ministry of Finance.
The BB deputy governor further suggested sending a coordinated proposal along with Bankers Association of Bangladesh about renovation and space allocation for new branches of banks.
All concerned public and private sector representatives dealing with tea sector and Banks and Financial institutions were present to interact and put forward their issues for validating the recommendations of BUILD.
Asif Ibrahim, Chairman, BUILD; Laila Rahman Kabir, former president of Tea Association and MCCI; Maj Gen M Enayet Ullah, Chairman of Bangladesh Tea Board; Khairul Majid Mahmud, Managing Director of Caldwell Development Ltd; Nabhash Chandra Mandol, Executive Member, BOI; and M Shoaib Choudhury, Vice President, DCCI were, among others, present.
Representatives from Bangladesh Bank, Ministry of Commerce, Tea Board, Cha Sangshad and Tea Association were also present in the meeting.
