Govt encourages foreign investments while local investors face power, gas crisis: Meghna Group chairman
Kamal also urged the National Board of Revenue (NBR) not to harass businesses indiscriminately
While the government continues to encourage foreign investment, local entrepreneurs are struggling to access basic infrastructure facilities like gas and electricity, Chairman of Meghna Group Mostafa Kamal said today (30 April).
Despite investing $600 million in a major industrial venture, his company is still deprived of necessary gas and electricity connections, claimed Mostafa Kamal while speaking at a consultative meeting at a Dhaka hotel.
The meeting was jointly organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the National Board of Revenue (NBR).
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"We are calling on foreign investors to come to Bangladesh, yet domestic entrepreneurs are not getting the infrastructure support we need. We are suffering due to the ongoing gas and power crisis. This issue must be addressed," he said.
Kamal also urged the National Board of Revenue (NBR) not to harass businesses indiscriminately. He raised concerns over exercising powers arbitrarily by customs authorities during the assessment of imported goods.
"On one hand, customs determine valuation during assessment as they see fit. On the other, businesses are being accused of under-invoicing or over-invoicing. This inconsistency needs to be resolved," he added.
