The President of Dhaka Chamber of Commerce and Industry (DCCI) Ashraf Ahmed on Tuesday said that there is a 30-40 percent working capital shortfall in the industries due to the rising exchange rate of the US dollar with the local currency.
As a result, the entrepreneurs involved in trade and commerce have to arrange additional money to operate the business, otherwise, the cost of business would have to be reduced.
The DCCI said this at the 'CMJF Talk' programme, organised by Capital Market Journalists Forum (CMJF) in the capital on Tuesday.
He said meeting the demand for additional working capital is a big challenge for business.
“If it is not possible to meet this demand of additional capital, the impact of that will reduce production, shrink employment,” he added.
The DCCI President thinks that the biggest challenge is to maintain the private sector through loan growth this year.
Ashraf said, “We can work with the government to implement various policies. In the present reality, many new types of industries are developing in the country. If the capacity is increased with Smart Bangladesh Vision, it is possible to raise the country's economy to one trillion (one lakh crore) dollars.”
The program was organized by the organization's general secretary Abu Ali at the old Paltan CMJF office in the capital.
CMJF President Golam Samdani Bhuiyan and Secretary Abu Ali also spoke at the function.