Factories should be opened soon, however in phases

Business
Factories should be opened soon, however in phases
Factories in the export-oriented industries should be allowed to reopen slowly but surely for the sake of the economy, said business leaders and specialists yesterday.

They called for a quick decision in this regard, if necessary, by forming sector-wise taskforce, according to a statement from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

In a discussion organised by the FBCCI in Dhaka, the leaders from Bangladesh Garment Manufacturers and Exporters Association, Bangladesh Knitwear Manufacturers and Exporters Association, and other chambers and trade bodies said the commercial units should be opened gradually considering the lives and livelihoods of millions of workers.

Bangladesh's rivals like China, Vietnam, India and Cambodia have previously opened their export-oriented professional sector, they said, while welcoming Prime Minister Sheikh Hasina for announcing a stimulus package for the sector.

Salman F Rahman, adviser to the prime minister on private industry and investment, echoed the views. He, however, said the factories ought to be opened carefully and by following health and safety measures.

Countries like Germany and France have restarted their production lines, he said, adding that Bangladesh should follow suit through discussion with the FBCCI.

FBCCI President Sheikh Fazle Fahim said they have already been working from the beginning with the finance and commerce ministries, Prime Minister's Office and Bangladesh Bank on how to offset the fallout of the pandemic.

Some 865 factories have so far expressed intention to resume production, said BGMEA President Rubana Huq.

Work orders worth a lot more than $3 billion have already been cancelled by the international retailers so far, she said, while seeking cooperation from all for opening factories in phases. If the task orders are shifted abroad for Bangladesh's continued closure of factories, it could be very hard to bring them back, she added.

Ahsan H Mansur, executive director of Policy Research Institute, also gave his view in favour of opening the factories, but he called for taking appropriate safety precautions. Mahbubul Alam, president of Chittagong Chamber of Commerce and Industry, urged the government to allow importers release a all imported goods from the port with no compensation up to the month.

Mir Nasir Hossain, Abdul Matlub Ahmad and AK Azad, three former FBCCI presidents; Mahfuz Anam, editor of The Daily Star; Matiur Rahman, editor of the daily Prothom Alo; Mozammel Babu, editor-in-chief of Ekattor Television; Manjurul Islam, chief editor of DBC News; Dewan Hanif Mahmud, editor of Bonik Barta; Shyamal Dutta, editor of the daily Bhorer Kagoj, also spoke amongst others.
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