BCI says gas price hike move illogical

Staff Correspondent | Published: 00:00, Apr 09,2019 | Updated: 23:23, Apr 08,2019

 
 

Bangladesh Chamber of Industries on Monday termed the proposal of Titas Gas Transmission and Distribution Company Limited to increase the price of gas ‘illogical’ and ‘unacceptable’.
‘Despite making profit, Titas has proposed to increase the price of gas on an average by 102.85 per cent for industrial and domestic use which is completely unacceptable,’ said the newly-elected BCI president Anwar-Ul Alam Chowdhury Parvez at a press conference at La Vinci Hotel in the city.
Requesting the government not to hike gas price, he said that such price hike would put negative impact on private sector investment and employment generation.
He said that the small and medium entrepreneurs would be hit hard and many SMEs would be disappeared from business if the gas price was hiked.
‘Unnecessary increase in gas price would increase the cost of doing business,’ Parvez said.
The BCI president demanded special fund for the young entrepreneurs and said that his chamber would work for the development of new entrepreneurs.
He also demanded allocation of land in special economic zones with special price and collateral free bank loans for young entrepreneurs.
The chamber also demanded tax holiday for five years for the SMEs and young entrepreneurs.
Parvez said that BCI had a plan to hold an SME and new entrepreneurs’ conference in the city in September.
BCI senior vice president Md Helel Uddin and vice president Priti Chakraborty, among others, were present at the press conference.

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