Trillion-dollar investment needed in logistics to turn Bangladesh developed nation

Business Report :

Bangladesh requires an investment of $245 billion in the logistics infrastructure sector by 2030 and $1 trillion by 2041 in order to become a developed nation, said the Dhaka Chamber of Commerce and Industry (DCCI) on Sunday.
“A one-dollar investment in the logistics infrastructure sector can give a return of $0.05 to $0.25 in the economy,” it said.
The chamber made the observations at the pre-budget discussion for the fiscal year of 2024-25 at the Hotel InterContinental in Dhaka, according to a press release.
Abul Hassan Mahmood Ali, finance minister, Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue, M Abul Kalam Azad, a lawmaker, AK Azad, also a lawmaker, Sheikh Mohammad Salim Ullah, secretary of the financial institutions division, Ashraf Ahmed, president of the DCCI, and Md Habibur Rahman, deputy governor of the Bangladesh Bank, spoke at the event.
In a paper, the chamber said the size of the economy would have to be $2.5 trillion to become a developed nation by 2041. Besides, per capita income will have to be $12,650 and exports should rise to $350 billion.