Economic Reporter :
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Abdul Malub Ahmad on Wednesday demanded for making time befitting “Packaging Act’ to promote country’s plastic sector.
The FBCCI President also urged the government to allow tax-free on import of raw materials for the plastic sector.
The FBBCI President has underscored the need for improving tax system of the country. “Hassle-free tax procedures are needed to create a business friendly environment as well as boost the country’s economy”, said Matlub Ahmed while addressing “11th International Plastic, Packaging and Plastic Fair” at Bangabandhu International Conference Centre (BICC) in the city.
Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) in collaboration with Chan Chao International Company Ltd of Taiwan is organising the event. More than 300 companies from 12 countries are participating in the summit.
Industries minister Amir Hossain Amu inaugurated the four-day long fair. Addressing as the chief guest, the minister called upon the stakeholders to set up Effluent Treatment Plant (ETP) in the plastic industry to save the nature. The establishment of ETP is must to set up industries, said the minister.
“We want to ensure environment friendly industries for sustainable development of the country. The government is providing all out support to make green economy”, said Amu.
BPGMEA President Jashim Uddin also spoke on the occasion. The summit is an opportunity for global suppliers, buyers and investors to exchange views with their local counterparts, said the BPGMEA President.
According to the BPGMEA president, the local plastic sector is now a sizeable industry consisting of about 5,000 manufacturing growing at the rate of more than 20 per cent each year for the last 20 years.
About 99.6 per cent of these manufacturers belong to the small-medium category, he said, adding they have developed their businesses on their own initiative and finance.
Majority of the factories are located in the two largest cities-Dhaka and Chittagong. Currently, the size of local market of the industry is about Tk 200 billion and approximately 1.2 million people are involved in the industry, of which 0.2 million are indirectly employed.
This trend still continues as the demand for plastic goods has been rising continuously. Today, we can proudly say that most of the household plastic and packaging materials that are used in Bangladesh are being manufactured locally, said the BPGMEA leader.
Industry insiders are hopeful that the summit will create an opportunity for the local plastic manufacturers to have ideas about new technologies and products, which will ultimately help boost the sector.
An International Plastic, Packaging and Printing Industrial Fair (IPF), a series of exchange of views meetings of the member countries, council meeting of APF, seminars and discussions on ‘Problems and Prospects of Plastic Waste Recycling in Bangladesh will take place during the summit, said organizers.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Abdul Malub Ahmad on Wednesday demanded for making time befitting “Packaging Act’ to promote country’s plastic sector.
The FBCCI President also urged the government to allow tax-free on import of raw materials for the plastic sector.
The FBBCI President has underscored the need for improving tax system of the country. “Hassle-free tax procedures are needed to create a business friendly environment as well as boost the country’s economy”, said Matlub Ahmed while addressing “11th International Plastic, Packaging and Plastic Fair” at Bangabandhu International Conference Centre (BICC) in the city.
Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) in collaboration with Chan Chao International Company Ltd of Taiwan is organising the event. More than 300 companies from 12 countries are participating in the summit.
Industries minister Amir Hossain Amu inaugurated the four-day long fair. Addressing as the chief guest, the minister called upon the stakeholders to set up Effluent Treatment Plant (ETP) in the plastic industry to save the nature. The establishment of ETP is must to set up industries, said the minister.
“We want to ensure environment friendly industries for sustainable development of the country. The government is providing all out support to make green economy”, said Amu.
BPGMEA President Jashim Uddin also spoke on the occasion. The summit is an opportunity for global suppliers, buyers and investors to exchange views with their local counterparts, said the BPGMEA President.
According to the BPGMEA president, the local plastic sector is now a sizeable industry consisting of about 5,000 manufacturing growing at the rate of more than 20 per cent each year for the last 20 years.
About 99.6 per cent of these manufacturers belong to the small-medium category, he said, adding they have developed their businesses on their own initiative and finance.
Majority of the factories are located in the two largest cities-Dhaka and Chittagong. Currently, the size of local market of the industry is about Tk 200 billion and approximately 1.2 million people are involved in the industry, of which 0.2 million are indirectly employed.
This trend still continues as the demand for plastic goods has been rising continuously. Today, we can proudly say that most of the household plastic and packaging materials that are used in Bangladesh are being manufactured locally, said the BPGMEA leader.
Industry insiders are hopeful that the summit will create an opportunity for the local plastic manufacturers to have ideas about new technologies and products, which will ultimately help boost the sector.
An International Plastic, Packaging and Printing Industrial Fair (IPF), a series of exchange of views meetings of the member countries, council meeting of APF, seminars and discussions on ‘Problems and Prospects of Plastic Waste Recycling in Bangladesh will take place during the summit, said organizers.
