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Be socially responsible, Mirza Aziz tells industry

Star Business Report
Finance Adviser Dr AB Mirza Azizul Islam yesterday appealed to businesses not to do anything that is socially irresponsible at a time when the country faces challenges of price hike of essentials.
Public perception says the image of businesses now is not satisfactory and they are not playing their due role, the finance adviser said at the launch of Business Directory of International Chamber of Commerce Bangladesh (ICC-B) in Dhaka.
"Profit maximisation is a basic motive of trading, but social responsibility must not be forgotten," Dr AB Mirza Azizul Islam said.
The government has taken action against unholy alliances in the businesses, said the finance adviser, adding that the government was also very prudent to take action.
Mirza Aziz said the government is trying to restore the businesses confidence.
He also said the government has formed Better Business Forum and Regulatory Reforms Commission and increased the efficiency of Chittagong Port apart from improving infrastructure for businesses.
But electricity remains a problem, he said. There has been no generation pf power in the last 6 to 7 years, he said, adding: "We have recently made arrangements for rental power purchase that will add some power soon.”
Noting that investments in export processing zones in Bangladesh has considerably increased, he said the country has become an attractive destination of foreign investment.
ICC-B President Mahbubur Rahman said Bangladesh has the potential to be a gateway to the region with great possibilities.
“Bangladesh is virtually a bridge between emerging markets of South Asia and fastest growing economies of South East Asia and ASEAN countries,” he said.
He said ICC-B Business Directory, published with support of German Technical Cooperation-GTZ, is a guide that gives idea about business opportunities in an enabling environment.
Giving an optimistic view that Bangladesh can become a mid-income country by 2017-2018, Federation of Bangladesh Chambers of Commerce and Industry President Annisul Huq said this is a country that has witnessed tremendous natural disasters and political instability, but none of those could stop the economic growth.
Huq said the government, however, has to make some more efforts to restore the businesses confidence.
ICC-B vice presidents Latifur Rahman and Samson H Chowdhury were also present at the function at Bangladesh-China Friendship Conference Centre.