Energy & Power - December 01, 2020
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Bangladesh is currently developing some mega infrastructure projects, including power plants, and some others are in the planning stage. Almost all the construction works are being performed by the foreign contractors who are implementing the projects mainly with imported manpower and materials, of course, under the purview of the contracts. However, local contractors claim that many of them have the capability to do at least some of the projects by utilizing the local resources – manpower and materials. And, they have also the ability to contribute a lot through subcontracting some projects which they cannot handle alone due to lack of expertise. But, they are not being able to utilize the local expertise and resources due to lack of appropriate policy supports. Other countries like India and China are protecting their construction companies with necessary policy as well as fiscal and financial supports. The government should consider the issues seriously to ensure optimum utilization of the local resources whatever we have. It would help retain the scarce resources within the country and its reinvestment will certainly help accelerate the country’s development.
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