The FBCCI is preparing a 10-year masterplan for the development of trade and economy as innumerable possibilities will be created for Bangladesh after it exits the group of Least Developed Countries.

FBCCI president Md. Jashim Uddin asserted this at a press conference held at the FBCCI office on Saturday.

Business will create demand for new products in the trade and export sectors. The size of the economy will also be bigger.

Once the implementation of various infrastructure projects taken up by the government is completed, foreign investment will also increase. Then the capacity of transport of goods and ports will also have to be increased.

With all this in mind, the FBCCI is developing a master plan to determine the necessary strategies for logistics in the coming days, the press release stated.

FBCCI president said that the biggest challenge in the post-LDC period would be to increase sector-based capacity to meet the changing global demand.

To address this challenge, FBCCI is going to set up an innovation center to enhance the capacity of domestic industries. The concept paper will be submitted to the government next month.

North South University is working with the FBCCI on Circular Economy and recycling.

The FBCCI President hopes that with the completion of these ongoing activities, power generation and recycled products from the country's waste will increase.

Highlighting the recent visit to the United Kingdom and France at the press conference, the FBCCI President said that the 2nd and 3rd generation of Bangladeshi expatriates have been closely associated with the main economies of the two countries.

“But they do not have much idea about Bangladesh. If these expatriate entrepreneurs can be connected with the international trade of Bangladesh, it will be easier to capture the mainstream market of the two countries,” he said.

To this end, he mentioned that the FBCCI has signed a memorandum of understanding with the mainstream trade organizations of the United Kingdom and France.

The FBCCI has also signed a memorandum of understanding with HSBC to list new potential products outside of readymade garments, to explore their export opportunities and barriers.

As a result of these activities, FBCCI President Md. Jashim Uddin hopes that the wheel of economic progress of Bangladesh will be further accelerated by utilizing the potential of a developing Nation.

The press conference was organized on the occasion of “Bijoyer 50 Bochhor: Laal Shobujer Mohotshab” a 16-day gala celebration.

The FBCCI, besides taking various steps to expand trade and commerce, celebrates the golden jubilee of independence as an expression of love and gratitude to the country, Father of the Nation Bangabandhu Sheikh Mujibur Rahman and millions of martyrs,.

FBCCI Senior Vice President Mostofa Azad Chowdhury Babu, Vice Presidents MA Momen, Md. Aminul Hoque Shamim, Md. Amin Helaly, Md. Salahuddin Ahmed and MA Razzak Khan Raj were also present among others.