Commerce Adviser Sheikh Bashir Uddin today said that the core objective of the nation’s economy must fundamentally shift to creating a surplus from expenditure to consistently achieve national success, says BSS report.
“Despite being a $400 billion economy, Bangladesh is currently unable to achieve a surplus,” he said while speaking as the chief guest at the closing ceremony of the ‘Road to Made in Bangladesh and Agro Machinery Fair 2025’ in the city.
Bashir mentioned that a surplus will not be materialized if the nation engages in excessive expenditure without adequately considering the sufficiency of resources.
He called for all stakeholders to work sincerely to build a strong future economy by generating this surplus based on the nation’s own capability.
The Commerce Adviser highlighted the necessity of relying on internal capability rather than external support.
He stated that it is generally not possible to go very far by relying solely on “policy support”.
He noted that, apart from the garments sector, no other sector in the country has managed to achieve success through reliance on such policy assistance.
The two-day exhibition was organized by the Bangladesh Chamber of Industries (BCI), in collaboration with the Bangladesh Automobiles Assemblers and Manufacturers Association (BAAMA) and the Agricultural Machinery Manufacturers Association.
The fair hosted domestic and foreign entrepreneurs, policymakers, and experts.
Following his speech, Sheikh Bashir Uddin inspected various stalls at the Agro Machinery Fair and engaged in discussions with the entrepreneurs.