Bangladesh’s business community has identified the ongoing energy crisis as the biggest obstacle to achieving the government’s target of raising annual exports to $100 billion by 2030, up from $48 billion in the last fiscal year.
At a consultation meeting with Prime Minister Tarique Rahman in Dhaka recently, business leaders called for reliable energy supplies, a better investment climate, simplified regulations and reforms in the tax system.
The prime minister assured them that the government is working on both short- and long-term measures to address the crisis.
He said plans are underway to install a dedicated FSRU for industrial users within two years, in addition to the country’s existing two floating LNG terminals.
The government has identified 10 priority sectors—including garments, pharmaceuticals, electronics, auto parts, man-made fibres, ceramics and leather—to drive export growth.
