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Friday, May 2, 2008

[ALOCHONA] Bangladesh Industrial sector verge of Collapse due to rapant corruption and inaction of previous Govts

 

Dear All,

 

We can play blame game all day and night but the real truth is that Bangladesh Industrial sector is verge of collapse due to rampant corruption and inaction of previous Govts for the last 36 years.  We can argue why CTG can't provide the service since they are driving corruption from Bangladesh.  The answer is that there needs 3-5 years planning and implementation process to bring a real change in Bangladesh in the power sector.

 

Our uneducated Begums with no vision to promote Bangladesh to install Gas exploration, building more power plants and rampant corruption has eat Bangladesh future and this is just the beginning of their ill advised Governments.

 

I also think that CTG will not able to deliver lots of wish-list since they have lack of public support now.  So this the beginning of worst future unless a drastic change is initiated now and we will able to pull off in the next 3 years regardless who is in power except those king and Queen of corruption in Bangladesh.

 

--M. M. Chowdhury (Mithu)

www.changebangladesh.org

 

 

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Industrial sectors on the verge of collapse due to power crisis


 

Friday May 02 2008 23:31:05 PM BDT


 

The industrial sector of the country is on the verge of collapse as ongoing power and gas crisis is worsening day by day.Increasing short fall in power and gas supply is posing a serious threat to the existence of the country's industrial sectors specially the export-oriented ones.(UNB)

There is growing apprehension that the country will face a disastrous situation in the spheres of export trades and employment if the government fails to improve power and gas supply soon through bringing the situation under control.

Due to year-long economic recession in the country, unstable circumstances are prevailing in the country's all sectors specially the industrial sector. As a result, some industries have already been added to the list of the bankrupt enterprises.

Bangladesh Knitwear Manu-facturers and Exporters Association (BKMEA) sources said, power and gas crisis is mainly hampering the production in this sector. Around 9 lakh people are working in some 1,600 knitwear factories in Dhaka and adjacent districts.

The industry is experiencing a serious short fall in production due to recent power crisis in the country. The knit factories remain inoperative half of the day for want of electricity. Hours-long power failure results in serious production short fall while frequent disruption to electric and gas supply is causing more financial loss to this industry.

Talking to The Bangladesh Today, Dr. Atiar Rahman said, the country is likely to suffer from power crisis in the near future as there is no possibility to improve electricity supply overnight. No short-term step will help to overcome the crisis. Long-term measures should be taken in this regard.

Unfortunately, there is no government decision regarding power crisis. Besides, panic is persisting in the business community. So, no one is coming forward to invest in any sector including power industry, Atiar said, adding the government should formulate policy immediately in order that the private entrepreneurs invest in power sector.

Due to frequent power supply disruption, the producers cannot ensure high standards of their products in one hand and the entrepreneurs fail to supply goods to the foreign buyers timely on the other. To overcome the situation, the industry-owners are depending on generators to continue production. But for the want of adequate gas supply, the generators remain inoperative almost all the time.

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[Disclaimer: ALOCHONA Management is not liable for information contained in this message. The author takes full responsibility.]
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