Traders and entrepreneurs are very important to form the 'Investment Ministry' and 'SME Ministries' to attract investment in the country.

The meeting was held at the discussion meeting organized by the FBCCI's top organization of businessmen on Thursday, titled 'Bangladesh: Transition from a Least Developed Country to a Developing Country'.Businessmen and entrepreneurs said that there is a need for joint efforts to tackle the challenges faced by Bangladesh in the light of the transition from the LDCs to developing countries. In this regard, the FBCCI said it is important to increase private investment, diversify export products, formulate a time-consuming industrial policy and reduce corporate taxes, said the FBCCI. At the same time, it has been said that there should be private sector involvement in determining the government's policy.Chief Coordinator of SDG in the Prime Minister's Office Abul Kalam Azad was present as the chief guest. Also, Commerce Secretary Subhashish Bose and senior officials of various ministries participated in the ceremony. FBCCI President. The chiefs of Shafiul Islam (Mohiuddin), senior vice-president Sheikh Fazle Fahim and members of the organization's organizations were present at the ceremony.

Abul Kalam Azad said that the private sector of the country has special contribution in the development of the country. Bangladesh will have to be in the monitoring for more than 3 years despite declaration of this year in 'developing country'. He said the government's private sector will also work together to tackle the challenges faced by the government.

He said that drugs, leather and agro-based products could be extremely promising export products without relying on clothing industry as a single product.