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An Introduction to FBCCI and Its Contribution to Business in Bangladesh

A Term Paper
By

|Group : ……….. |
|Roll : 3-11-21-052 |: |Abul Kalam Azad |
|Roll : 3-11-21-055 |: |Narayan Chandra Saha |
|Roll : 3-11-21-061 |: |Manash Kumar Adhikary |
|Roll : 3-11-21-066 |: |Mir Zahid Hasan |
|Roll : 3-11-21- |: | |

Submitted to Mrs. Rumana Parveen
Course Instructor
Course No. EM 501: Introduction to Business

In Partial Fulfillment of the Requirement for the Degree of
Master in Business Administration in
Management Studies

Dedicated
To
The Martyrs
And
Freedom Fighters
Of
Our Beloved Motherland

ACKNOWLEDGEMENTS

First of all, we thank specifically to our course instructor Mrs. Rumana Parveen for the guidance, assistance and direction she provided us for the completion of this term paper.

This term paper was made possible with the assistance of a number of websites at where various information regarding of the FBCCI was found. We thank the kind assistance offered to us by the officials of the computer center of the Department of Management Studies.

Finally, it’s a team effort of all the members of our group. We sincerely express our gratitude to all the members for their coordinated and dedicated effort behind the successful outcome of this term paper.

02 April, 2012

Table of Contents

|Acknowledgements |………………………………………………………………………………….. |i |
|Table of Contents |……………………………………………………………………………………. |ii |
| | | | | | |
|1 |Introduction |……………………………………………………………………………………… |1 |
|2 |Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) |……… |1 |
|3 |Mission |……………………………………………………………………………………………… |2 |
|4 |FBCCI Board of Directors for 2010-11 AND 2011-2012 |…………….... |2 |
|5 |International Links |……………………………………………………………………………. |3 |
|6 |Industrial Policy of Bangladesh |……………………………………………………….. |3 |
|7 |FBCCI’s Contribution to Business in Bangladesh |………………………………… |7 |
|8 |Products of FBCCI |……………………………………………………………………………… |8 |
|9 |FBCCI Activities |……………………………………………………………………………….. |12 |
|10 |Conclusion |……………………………………………………………………………………….. |18 |
| | | | |

1. INTRODUCTION: Bangladesh is a developing country, and the present government is striving relentlessly to attain rapid economic development in the country. Many programs taken so far have been carried out successfully. Despite a lack of resources faced by the government, development programs in the key sectors have continued. At the same time, considering the importance of the private sector, an all-out support is being provided to initiatives taken in this sector. As a result, a new kind of dynamism is under way in both the public and private sectors. In this backdrop, it is essential to examine various aspects of industrialization and its impacts on overall economic activities. 2. FEDERATION OF BANGLADESH CHAMBERS OF COMMERCE AND INDUSTRY (FBCCI): The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is the apex representative organization safeguarding the interest of the private sector in trade and industry in Bangladesh. It was established in the year 1973 under the Trade Organization Ordinance, 1961 and Companies Act, 1913. The types of members are: 1) Chambers of Commerce and Industry: A Class Chamber and B Class Chamber, 2) Trade and Industrial Associations: A Class Association B Class Association, 3) Joint Chamber (with Foreign Countries). The total Number of Member bodies in the different categories are: 1) Chambers of Commerce and Industry: A Class Chamber 38, B Class Chamber 32, 2) Trade and Industrial Association: A Class Association 277, B Class Association 6, 3) Joint Chamber (with Foreign Countries) 16 (Total: 369).

Composition of Board of Directors: President -- 01, First Vice-President -- 01, Vice-President – 01 and Directors –41.

3. MISSION: To safeguarding and protect the interests of business communities in the international and local arena.

|FBCCI BOARD OF DIRECTORS FOR 2010-11 AND 2011-2012 : |
|[pic] |
|Mr. A. K. Azad |
|President, FBCCI |
| |
|[pic] |
|Mr. Md. Jashim Uddin |
|First Vice-President, FBCCI |
| |
|[pic] |
|Mr. Mostofa Azad Chowdhury Babu |
|Vice-President, FBCCI |
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4. INTERNATIONAL LINKS: FBCCI is the member of different international bodies, such as International Chambers of Commerce (ICC), Islamic Chamber of Commerce and Industry (ICCI), Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) and the SAARC Chamber of Commerce and Industry (SCCI). To safeguard and protect the interest of business community in the international arena, FBCCI maintains close communication with these International Organizations.

The Foreign Investors’ Chamber of Commerce and Industry (FICC&I) in Bangladesh is a member of FBCCI.

The FBCCI has joint chamber/co-operation agreements with the national trade organizations of Australia, Belgium, Egypt, Finland, Germany, India, Indonesia, Iran, Italy, Japan, the Republic of Korea, Malaysia, Myanmar, Nepal, Pakistan, Philippines, Russia, Romania, Sri Lanka, Taiwan, Thailand, Turkey, Peru and Vietnam. The Federation has also collaboration agreements with the national chambers of 16 countries and the General Union of Chambers of Commerce and Industry and Agriculture of Arab countries.

5. INDUSTRIAL POLICY OF BANGLADESH:

One of the foremost objectives of the Industrial Policy 2005 is to help attain competitive efficiency by developing technology, reduce consumers’ costs by using cost-effective technology, and assist in the development of an environmentally friendly industrial production system. Converted efforts will be made in order for entrepreneurs to boost their profit with the help of improved management and production technology.

Assistance will be provided in the use of new technology in order to substitute for imports or expand exports in prioritized sectors. Licensing process will be simplified in respect of imported, adapted or domestic technology. A subsidiary corporate culture will be established in order to create a team of workers consistent with planned human resources development and changing technology. Approved research and development expenses will receive tax holiday. Fruitful contacts will be arranged between various research institutions and related industrial enterprises so that research results can be utilized for the benefit of all concerned.

The Bangladesh government gives importance to the private sector as a driving force of industrialization, and has brought about constructive and realistic reforms in formulating policies. The government will provide assistance in the following way to play a supporting role through concerned public institutions:

(a) Before setting up industries, all foreign investors will register with concerned offices in a measured manner.

(b) The Bangladesh Small and Cottage Industries Corporation will allot industrial plots in its own industrial areas and in other industrial areas created with specific objectives. Similarly, the Bangladesh Export Processing Zones Authority (BEPZA) will allot plots in its own areas. The Board of Investment will make necessary recommendations and take steps to allot land where public land is available.

(c) The concerned utility agencies will determine the timeline for providing electric power, gas, water and sewerage, and telephone connections in consultation with relevant authorities and provide clearance regarding environmental pollution. Wherever possible, these authorities will provide their services through one-stop service centres.

(d) The Board of Investment and BEPZA will approve, as necessary, the royalty, technology or technical assistance fees and the appointment and remuneration of foreign employees.

(e) The sponsoring authority will provide entrepreneurs with advance information in order to avoid investment risks because of unplanned and excessive investments in certain sectors.

Implementing a wholly owned or joint venture industrial project in Bangladesh is a rather simplified process. The entire process is presented in the following diagram.

| | |Arrival in Bangladesh | | |
| | | | | |
| | |Meet BOI | | |
| | |for necessary counseling & | | |
| | |apply for registration | | |
|Obtain environmental clearance, | | | |Register with the Chief Inspector of |
|infrastructure & utility facilities on | | | |factories & Establishments which regulates |
|a priority basis with the assistance of| | | |working |
|Utility Service Cell of BOI | | | |conditions and ensures safety measures in |
| | | | |the factory |
| | |SET UP PLANT | | |
|Register company With the Registrar of | | | |Secure Trade License from Local Government |
|Joint Stock companies & Firms | | | |Authority |
| | |Service Center issues Registration Letter within| | |
| | |7 days on receipt of fully documented | | |
| | |application | | |
|Import Machinery & equipment by opening| | | |Apply in prescribed forms to the |
|Letter of Creditor as Equity Investment| | | |Registration and Incentives Wing of BOI for|
| | | | |foreign borrowing, technology transfer fees|
| | | | |& expatriate work permit |
| | | | | |
|Register for the VAT | | | |Release consignments at the custom point |
| | | | |ata concessionary rate of import duty |

6. FBCCI’S CONTRIBUTION TO BUSINESS IN BANGLADESH:

1. To coordinate and promote the interest of its federating units-Chambers of Commerce, Trade and Industrial Association;

2. To aid and stimulate investment, development of trade, commerce, industry, agriculture, tourism, human resources and communication sectors in Bangladesh;

3. To project, encourage and safeguard the cause of the private sector through effective participation in the process of consultation and inter-action with the Government, Ministerial Consultative Committees and other inter-ministerial bodies and agencies;

4. To assist the Chambers of Commerce and Industry and Associations in organizing of Trade and Industry Fairs in different parts of Bangladesh;

5. To collect and disseminate statistical and other information for advancement of trade and industry;

6. To make efforts for the spread of commercial, technical and economic knowledge for promotion of commercial, technical, industrial and scientific education in the country;

7. To study and undertake research for promotion and growth of trade and industry;

8. FBCCI is involved in forging strong bilateral ties between and among different countries of the world through counterpart organizations for commercial and economic cooperation. It helps promote Foreign Direct Investment (FDI) including Joint Ventures in Bangladesh and identify appropriate partners;

9. It maintains close relation with Overseas National Chambers of Commerce and other Trade and Industrial Associations including related economic organization;

10. The FBCCI as the Apex Trade Organization plays the pivotal role in consultative and advisory capacity in formulation of Commercial, Industrial and Fiscal policies at the national level. It has been playing a very vital role in all Forum of the Government and Economic Development organizations for mutual sharing of views on all vital issues concerning and affecting the national economy;

11. FBCCI represents the Private Sector in different permanent committees of the Government and autonomous bodies;

12. FBCCI also represents the Private Sector in various Committees and Task Forces on specific issues, constituted by the Government from time to time.

7. PRODUCTS OF FBCCI:

1. PRIMARY PRODUCTS 1. Jute and Other Fibers: a) Cotton (short staple), b) Cotton Linters, c) Jute raw, d) Jute Mesta, e)Jute waste, f) Jute cuttings, g) Jute caddies, h) Kapok, i) Sun hemp, j) Viscose. 2. Food and Live Animals: a) Animal casings, b) Animal glands, c) Animal bladder, d) Betel leave, e) Canned fish, f) Crabs (live and meat), g) Cashew nuts, h) Cooked shrimps (ready to eat), i) Day old chicks (subject to special authorization), j) Frozen frog legs (subject to special authorization). 3. Canned/Preserved Fruits: a) Achar, b) Chutney, c) Fruit in slices, d) Fruit juice, e) Jam/Jelly, f) Marimbas, g) Marmalades, h) Pickles, i) Sauces, j) Vinegar. 4. Spices: a) Ani seeds, b) Black cumin seers, c) Chilies, d) Corriander seers, e) Fennel seeds, f) Ginger fresh and dried, g) Garlic, h) Methi seeds, i) Onion (Subject to special authorization), j) Powdered spices all sorts. 5. Beverage and Tobacco: a) Coffee, b) Cigars, c) Tea, d) Tobacco. 6. Crude Materials: a) Bone meal, b) Bone grist and bone sinews, c) Crude drugs and medicines, d) Crushed bone, e) Cotton waste, f) Cotton thread and yarn waste, g) Horan and hoofs waste, h) Hosiery cuttings, i) Leather waste, j) Paper mill Liquid waste. 7. Other Primary Products: a) Animal hair, b) Bees wax, c) Betel Nut fiber and shell, d) Bamboo poles, e) Bib Cocks, f) Broom & broom sticks, g) Cut flower, h) Cigar wrapper, i) Leaves, j) Dried-animal blood. 8.2 MANUFACTURED PRODUCTS 1. Jute goods: a) Bags & sacks, b) Carpet carpet backing cloth, c) Hessians, d) Jute canvas clothe, e) Jute screen cloths, f) Jute tape, g) Jute belts, h) Jute cords and webbing, i) Laminated fabrics, j) Mats. 2. Readymade Garments: a) Blouses, b) Bath robes, c) Blazer, d) Bib pants, e) Bar mop, f) Coveralls and others, g) Cardigan, h) Hosiery products, i) Infant dresses, j) Jackets. 3. Textiles/Specialized Textiles: a) Bed sheet, b) Bed cover, c) Flat goods/Bags, d) Gloves & mitten, e) Grey cotton cloth, f) Pillow case, g) Shop towel, h) Sanitary towel, i) Terry towel. 4. Leather: a) Crust leather (ready to finish), b) Chrome tanned plain leather, c) Clothing/garment leather, d) Chamois leather, e) Corrected grain leather, f) Finished leather, g) Glace kid leather, h) Industrial leather, i) Kips leather/sole leather, j) Plastic leather. 5. Leather Products: a) Brief cases/Suit cases, b) Belts, c) Chapples/Bedroom slipper, d) Cosmetics bags, e) Cigarette box/Case, f) Evening purse, g) Foot wear including uppers, h) Golf bag, i) Gents purse, j) Leather Garments. 6. Paper, Board & Allied Products: a) Adding machine rolls, b) Cellophane, c) Chip board (particle board), d) Hard board, e) News print, f) Paper & Paper board, g) Pulp, h) Paper tape, i) Rayon yarn, j) Tele Printer rolls. 7. Chemical Products: a) Bitumen emulsion, b) Bleaching power, c) Denatured Spirit, d) Glycerin, e) Gypsum, f) Hydrochloride Acid, g) Industrial alcohol, h) Pharmaceuticals, i) Pharmaceuticals basic, j) Chemicals (Vegetables extracts alkaloid, Biological items and snake venom). 8. Engineering and Electrical Products: a) Bathroom fitting, b) Blades, c) Ceiling bath shower, d) Diesel pump, e) Door locks and accessories, f) Electric cables, g) Electric bulbs, h) Electric traffic signal, i) Hand bath shower, j) Indicator Lamp. 9. Electronic Items: a) Audio-video cassette, b) Black & white TV, c) Colored TV, d) Digital clock, e) Electronic components, f) Fan regulator, g) Intercom, h) Indoor antenna, i) Light dimmer, j) Moving message display. 10. Computer Items: a) Computer printer, b) Computer stationary and forms, c) Computer software, d) Disk drive, e) Diskettes, f) Data entry services, g) Electronic toys (all sorts), h) Personal Computer. 11. Luggage and Stuffed Toy: a) Sports bag, b) School bag, c) Stuffed animal toy, d) Travel bag (all sorts). 12. Other Manufactures: a) Aluminum household articles, b) Accumulator battery & parts, c) Agar batti, d) Agar attar, e) Absorbent gauze and boric cotton, f) Albums, g) Asbestos cement, h) Bi-cycle, i) Biscuits, j) Ball point pen. 8.3 HANDICRAFTS & HANDLOOM PRODUCTS 1. Jute Products: a) Angel, b) Coin purse, c) Calendar, d) Craddle, e) Dolls, f) Door strings (Curtains), g) Floor mats, h) Hammock, i) Jute footwear, j) Lamp shades. 2. Cane Products: a) Bowl, b) Bucket, c) Boxes, d) Bar chair, e) Book rack, f) Cylinder, g) Craddle, h) Corner table, i) Dhama (Cane basket), j) Decorative partition (Divider). 3. Bamboo Products: a) Ashtray, b) Basket, c) Bowls, d) Box, e) Cylinder, f) Dala, g) Flower vase, h) Flute, i) Flower carrier, j) Grain basket. 4. Strum, Grass, Palm leaf & Other Similar Products: a) Baskets, b) Bowls, c) Bangles, d) Coaster, e) Decoration piece, f) Flower pot, g) Greeting cards, h) Hats, i) Jars, j) Pictures. 5. Wooden Products: a) Ashtray, b) Boats, c) Beads, d) Curvings, e) Candle stand, f) Decoration piece, g) Doll Elephant, h) Figures, i) Powder case, j) Pen & pencil holder. 6. Metal Products: a) Ashtray, b) Agar batti stand, c) Aftaba set (Wine set), d) Beauty box, e) Beer mug, f) Brass bed, g) Candle stand, h) Computer Table & rack, i) Center jug round, j) Door bell. 7. Conch shell, Coral & Snail Products: a) Ashtray, b) Bangles, c) Dolls, d) Door strings, e) Hair clip, f) Lamp shades, g) Necklace, h) Ornamental case, i) Pen stand, j) Powder case. 8. Coconut Shell Products: a) Ashtray, b) Decoration piece, c) Pen & Pencil holder, d) Powder case. 9. Handloom Products & Other Textile: a) Handicrafts, b) Baby wear, c) Bed sheet, d) Benarashi sari, e) Calendar, f) Dhakai Jamdani saree, g) Honey comb bed sheet, h) Honey comb towel, i) Hand-woven silk, j) House hold linens. 10. Other Handicrafts: a) Artificial flower, b) Cotton dolls, c) Pati bag, d) Sital pati (Grass mat). 8. FBCCI ACTIVITIES

FBCCI hosted luncheon meeting in honour of CMs of North-Eastern States of India

FBCCI for removal of non-tariff, para-tariff barriers

Chief Ministers (CMs) of four north –eastern states of India neighboring to Bangladesh called for increased trade, investment and connectivity at a luncheon meeting hosted by FBCCI on September 7, 2011 at a city hotel. The luncheon meeting was hosted in honor of Mr Tarun Gogoi, chief minister of Assam, Dr Mukul Sangma, chief minister of Meghalaya, Mr Lal Thanhawla, chief minister of Mizoram and Mr Manik Sarkar, chief minister of Tripura. They were visiting Dhaka as the entourage of the prime minister of India Dr Monmohon Singh.

They offered joint-venture industrial opportunities and promotion of tourism with the India’s north-eastern states. They expressed their moral support to resolving all pending issues but said matters like trade facility are dealt by the central Government of India. During his address of welcome Mr A K Azad, president of FBCCI highlighted some important issues which, he felt, needed to be addressed on a priority basis to enhance mutual trade and economic cooperation. Mr A K Azad urged the visiting Indian chief ministers to help remove the non-tariff barriers (NTBs) so that Bangladesh could derive benefits from the duty-free access that India granted 46 Bangladeshi apparel items to market. He remarked if the NTBs are removed, the existing bilateral trade gap, amounting to more than $3.0 billion and highly tilted in favor of India, will reduce significantly. Mr Azad also urged the Indian government to take immediate steps to formulate an energy trade agreement among Bangladesh, India, Nepal and Bhutan, covering generation, transmission and distribution of electricity. Addressing the meeting, the chief minister of Tripura Mr Manik Sarkar said Bangladeshi investors can invest in gas-based industries as well as food and agricultural sectors in his state. Chief Minister of Assam Mr Tarun Gogoi said "we want connectivity in all spheres. We want connectivity of minds also. The basic problems of both the countries are same. I see very bright future for two regions." "We can set up textile industries and agro-processing plants, and also extend cooperation in tourism sector," he added. Chief Minister of Mizoram Mr Lal Thanhawla thanked prime minister of Bangladesh for stopping border insurgency. Chief Minister of Meghalaya Mr Mukul Sangma said both the regions can be turned into attractive destinations for international tourists. Welcoming the Indian move for approving duty-free entry of 46 garment products, commerce minister Mr Faruk Khan said trade should be used as a tool for development of this region. Finance Minister Mr Abul Maal Abdul Muhith said, “We need to eliminate the distrust between us. We need regional collaboration. We can ensure welfare of a vast population of this region by increasing trade.”

Meeting between FBCCI and delegation of Wales-B’desh Chamber held
Federation Chief stresses closer BD-Wales trade ties

FBCCI president Mr AK Azad called upon the visitors to exploit the world’s cheapest labor available in Bangladesh through investing in potential areas here at a discussion meeting between FBCCI and the visiting business delegation of Wales-Bangladesh Chamber of Commerce (WBCC) held on September 26, 2011 at Federation office. Chairman of WBCC Mr Dilabor Hussain led the 19-member WBCC delegation comprising mostly Bangladeshi expatriates.

Welcoming the delegation president of FBCCI Mr A K Azad said Bangladesh has huge potentials for investment. Foreign entrepreneurs may invest more in Bangladesh considering its prevailing investment-friendly atmosphere. Federation chief also mentioned that the Government has taken initiatives to set up special economic zones (SEZs), instead of setting new EPZs. He requested the Wales businesspeople to help developing SEZs. He said WBCC will be an extra arm for Bangladesh to improve trade links between Bangladesh and the UK. Speaking on the discussion, Chairman of WBCC Mr Dilabor Hussain said Wales and Bangladesh could cooperate in different fields for promoting their business ties.

WBCC vice chairman Mr Ana Miah said they are impressed with the potentials they have seen in Bangladesh. The general secretary of WBCC Mr Mahbub Noor said the Bangladeshi entrepreneurs could also invest in the UK by availing all the facilities being offered by their Government.

Meeting on current law and order situation of the country held

Businesses demand modern and people-oriented police force Business community of the country placed a number of recommendations to ensure neutrality in performing duties by law enforcement agencies with a view to improve the country's law and order situation during a view exchange meeting with the high-ups of Home Ministry and Police Administration at the FBCCI headquarters on October 2, 2011.

FBCCI arranged the meeting with its president Mr AK Azad in the chair to discuss the current law and order situation. Home Minister Advocate Sahara Khatun was present in the meeting as chief guest while state minister for home affairs Advocate Shamsul Haq Tuku was present as special guest. Home secretary Mr Abdus Subhan Shikder, inspector general of police (IGP) Mr Hasan Mahmud Khandaker and director general of Rapid Action Battalion (RAB) Mr Mukhlesur Rahman were also present in the meeting. During his address of welcome Federation president Mr AK Azad said after assuming power on January 9, 2009 the Government took several positive steps to improve the law and order situation across the country and it is really improving and satisfactory. He said the police administration should be kept above politics so that they can perform their duties in protecting people's life and property effectively and independently.

Mr Azad requested the Government to set up close circuit television (CCTV) camera at strategic points and strengthen highway patrol to check snatching and robbery on the highways. He also said the number of police outpost should be increased and activities of community policing to be strengthened further to root out drug dealers. He sought cooperation from the law enforcing agencies to stop harassment of innocent people.

Home minister Advocate Sahara Khatun claimed the country's law and order situation is under control and sought cooperation of business community to fight against terrorists, muggers and drug dealers. The minister directed the law enforcing agencies to continue their ongoing operations to combat terrorism, militancy and drug dealing in order to maintain the law and order. IGP Mr Hasan Mahmud Khandaker said necessary instructions have been given to highway police to protect the goods-laden vehicles from hijackers.

5th FBCCI SME Fair 2011

SMEs & the Nation Growing Together

FBCCI has embarked upon organizing the SME Fair -2011 for the 5th time with the theme SMEs & the Nation Growing Together. The FBCCI SME Fair is being organized on December 20-24, 2011 at Bangabandhu International Conference Center, Dhaka. Hon’ble prime minister Sheikh Hasina has kindly consented to inaugurate the Fair. Hon’ble finance minister Mr Abul Maal Abdul Muhith and commerce minister Mr G M Qauder have also consented to grace the occasion as the special guests. On the occasion of the SME Fair SME entrepreneurs of the country will be awarded for their business excellence and contribution to the economy of the country. Following seven awards will be given in three categories:
(1) Small & Cottage Entrepreneurs -three Awards:
(a) Any successful innovative individual entrepreneur;
(b) Best enterprise in terms of management, standard and production system;
(c) Best woman enterprise/ outstanding woman in business.
(2) Medium Enterprises – three Awards:
(a) Best medium enterprise;
(b) Best enterprise in terms of management, standard and production system;
(c) Best woman entrepreneur.
(3) Best SME Facilitator-(one Award) - outstanding contribution to SME development.

On the occasion of the SME Fair following three seminars will be organized concurrently with the fair on 21st and 23rd December, 2011 at the same venue: i. Seminar on Infrastructure Development and Sectoral Zones for SMEs in Bangladesh ii. Women Entrepreneurs in SMEs: Bangladesh Perspective & iii. Seminar on Access to Finance and Technological up gradation for SMEs: Bangladesh perspective

There would be 127 Stalls and 22 Pavilions in the Fair. 1st, 2nd, 3rd and 4th FBCCI SME Fairs were held in 2002, 2005, 2006 and 2009 at the same venue. Participation of different sectors what started as the industry focused in the 1st SME Fair has now reached with greater diversity including service sector.

Criticism of FBCCI

Industry owners blamed deep-rooted corruption and bureaucratic bottlenecks as serious hindrances toward establishing sustainable and eco-friendly industries. Country's business leaders y said the national economy is now passing through a crisis mainly due to poor investment. FBCCI highly appreciated the recent credit agreement between Bangladesh and India, attaching its solid opinion that the loan would no way harm the country's interest. According to the business owners “Sometime the FBCCI don’t take any action to reduce the corruption and they don’t try to increase the business markets.

9. CONCLUSION

There have been some positive and negative idea or thinking about FBCCI. After all they are doing something which is developing our society, nation and our economy. Without the initiatives and help of FBCCI it will be difficult for any business organization to flourish. So the Government should help FBCCI in fulfilling its objectives. At the same time FBCCI should be more efficient in mitigating the problems of the business entrepreneurs so that a prosperous and developed Bangladesh can be built.

-----------------------
Faculty of Business Studies
University of Dhaka, Bangladesh
02 April, 2012…...

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