SDG projects open up huge business opportunities for private sector

Private sector investors think there are lots of business opportunities in different infrastructure and development projects under the Sustainable Development Goal (SDG) implementing programmes of the government.
Local business leaders, entrepreneurs, academicians and scholars of a private think-tank while discussing at a seminar in the city on Sunday said private investments with government’s support can take up the challenges of meeting the developmental goals.
The seminar was jointly hosted by Citizen’s Platform for SDGs, Bangladesh and Metropolitan Chamber of Commerce and Industries (MCCI) on ‘Role of Private Sector in SDG Implementation.’
State Minister for Finance and Planning MA Mannan and Federation of Bangladesh Chambers of Commerce and Industry First Vice President Md Shafiul Islam (Mohiuddin) were the chief and special guests at the seminar chaired by MCCI President Syed Nasim Manzur.
Dr Debapriya Bhattacharya, Convenor, Citizen’s Platform for SDGs, Bangladesh in his introductory remarks said foreign loan is not required for implementing SDG programmes.
He said Bangladesh achieved 82 per cent millennium development goals with spending it own money.
Bhattacharya said SMEs must get support for sustainable developments and he also said, “We do not have adequate data and no proper research and development works that we need to investment under SDG indicators.”
State Minister said, “Our Prime Minister is always aware of infrastructure development projects and in our NEC meeting she always monitors about progress of ongoing projects.”
He said the government thinks developments under SDGs and is working on to select few projects that would be discussed during Chinese premier’s visit to Bangladesh this month.
He said, “We are not dependent on foreign funds for our infrastructure projects.”
The minister said the state owned BBS is instructed to improve data and work on fields where both public and private investments may take place.
He said Bangladesh has already met a good number of MDGs indicators which are now under SDGs at social welfare programs taken by Prime Minister Sheikh Hasina.
New Age Group Vice Chairman and a former DCCI President Asif Ibrahim in his key note speech pointed out problems and challenges of implementing SDGs goal in Bangladesh.
Ibrahin said land scarcity, high population and climate changes are challenges in achieving goals but with adequate data availability, green financing policies, regulatory reforms and public private partnership can help to develop.
The FBCCI leader Mohiuddin said, “We the business people are facing various problems such as in ports and in conflicting policies of import duties.
He said once problems in doing business are solved it would accelerate other developments and help to achieve sustainable development goals.
CPD Executive Director Mustafizur Rahman said, “Data improvement is a major problem in identifying problems where both the government and private party can together work to improve quality and development.
Farzana Chowdhury, a member of the Citizen’s Platform for SDGs, Abul Kashem Khan, a former DCCI president, Akber (AL) Hakim, managing director, Engineering Resources, Abdus Sattar Dulal representing Bangladesh Protobondhi Foundation and others also spoke in the seminar.