BUILD Presents a National Logistics Development Policy Framework at Prime Minister’s Office

Business Initiative Leading Development (BUILD) presented the National Logistics Development Policy (NLDP) Framework on 31 August 2022 at the third meeting of the Logistics Infrastructure Development Working Committee co-chaired by Md. Tofazzel Hossain Miah, Senior Secretary of Prime Minister’s Office, and Abul Kasem Khan, Former Chairperson of BUILD. Zakia Sultana, Secretary, Ministry of Industries, was also present.

Welcoming the stakeholders from the public and private sectors, Md. Tofazzel Hossain Miah appreciated the role of the Ministry of Industries for including logistics as the thrust sector, which was approved in the cabinet recently and is holistically a new component following the recommendations of the committee secretarial services of which is being given by BUILD. The benefits of including logistics as a Thrust Sector will theoretically work out, and this would be a paradigm shift for the country in the future.

We want to draft the logistics policy as the next step, and once the policy is in place, we will go for implementation, boosting the growth, said he.

Ferdaus Ara Begum, CEO, BUILD, in her keynote presentation, informed that there is no alternative to the development of a synchronised multimodal logistics management system to reach USD 2.5 trillion economy size and USD 1.02 trillion in investment by 2041 as logistics has been treated as the key factor to take investment decisions. Besides, implementing the National Logistics Development Policy could be a way to ensure sustainable growth of the logistics sub-sectors.

Md Jashimuddin, President, FBCCI, informed that once the draft is shared with them, they will work to gather their comments on the policy and will be ready to extend all support.

Abul Kasem Khan, Co-Chair of the committee, extended thanks to everybody for working together on the policy, which is very much required as logistics is the number one issue for supporting business.

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