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Shopping malls contribute to GDP, says Khosru

Anam Rangs Plaza opens

STAR BUSINESS REPORT
The shopping complexes are making contribution to Bangladesh's gross domestic product (GDP), Commerce Minister Amir Khosru Mahmud Chowdhury said yesterday.
Although people raise questions about the necessity of so many shopping malls in Dhaka, these complexes play a significant role in the economic development, the commerce minister said.
These plazas are also creating employment opportunities, Khosru said while inaugurating shopping mall Anam Rangs Plaza at Dhanmondi in Dhaka.
Moreover, these complexes are bringing new products and improving the purchasing power of consumers, he said.
Citing the example of developed countries, the minister said at present service sector growth has outpaced the industrial growth in GDP.
Rangs Group Chairman A Rouf Chowdhury recalled the mem ory of late politician and litterateur Abul Mansur Ahmed and late Mahbub Anam, the former editor of now defunct The Bangladesh Times.
He also said that Rangs Group has the intention to contribute to the economic growth in Bangladesh and also create employment opportunities for the people.
On behalf of Anam family The Daily Star Editor Mahfuz Anam requested the shop-owners to be careful about the traffic jam and make enough space for car parking.
Among others, Khondker Mahabub Uddin Ahmed MP, Romo Rouf Chowdhury, managing direc-
tor of Rangs Properties Limited, Mohammed Younus, convenor of shop Owners Association of Anam Rangs Plaza, spoke at the inaugural function.
Zakia Rouf Chowdhury, vicechairman of Rangs Group, was also present.
The six-storey plaza houses some one hundred shops.
shops on the first three floors will display dresses, shoes, gift items, snacks and ornaments.
There are children's play zone and food court on the 3rd floor. The plaza will also have a dental clinic by this month.
The plaza has also a parking lot for 60 cars, said Masud sajjad, senior executive (sales) of Rangs Properties.