The country’s first National Productivity Day was held on 2nd October this year, organised by the National Productivity Committee under the supervision of the Industries Ministry. The theme of this day was “Exercising productiveness to build a Digital Bangladesh”. The event comes as a part of the government’s 2021 target to increasing productivity and gain financial freedom. Even though the country’s political scenario is not favorable, Bangladesh’s economy is expanding fast. The country’s financial growth is above six percent, where small investors are the main lifeline of the economy. However, if more Foreign Direct Investment is encouraged, then it will be possible for Bangladesh to rise from its existing development country status. According to a statistical research, Bangladesh is now at that 49th position among the rapidly developing countries. And therefore, it an increase in productivity is essential for the nation to flourish. And it is not impossible to flourish productivity in all sectors by influencing government, private and joint-venture initiatives.
Many, including US ambassador Dam W Mozina, have expressed their positiveness on the endless opportunities that Bangladesh can avail. They are also considering Bangladesh as an Asian Tiger economy. There are two main reasons for this. Firstly, neighboring countries of Bangladesh are developing remarkably. And as the global economy is now Asia centric, productivity is high in South and South East Asia. As Bangladesh line in a geographically favorable position in this regard, there is no way to deny its potentiality. India and China are developing very rapidly, and if this effects Bangladesh in any way, then there is no way to stop the country’s development. Secondly, Bangladesh’s huge working population is another major attraction. This working population can be made into skilled labor by adequate knowledge and training. And in this regard, the importance of the National Productivity Day is undeniable.