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9 August, 2017 00:00 00 AM
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UNDP, DCCI sign MoU to boost public private innovation

STAFF REPORTER

The United Nations Development Programme (UNDP) and the Dhaka Chamber of Commerce and Industry (DCCI) will launch a project which will facilitate larger involvement of the private sector in development initiatives.  

Country Director of UNDP Bangladesh Sudipto Mukerjee and DCCI President Abul Kasem Khan yesterday signed an MoU to create a platform to collect data on the current impact of private sector on sustainable development. UNDP and DCCI together will use the data to design new initiatives that simultaneously meet Bangladesh’s development priorities and corporate goals.

The Project on public private innovation will feature a data analytics hub which will quantify private sector contributions to Bangladesh’s social, economic and environmental development, said the UNDP. The 2017 pilot will be funded by the UNDP Bangkok Regional Bureau for Asia-Pacific. The Centre will also contain a Research and Development (R&D) Hub to encourage sustainable and profitable use of locally sourced products.

“We view this new partnership as a crucial tool for our members to maximize their corporate goals while also contributing to the development of Bangladesh,” said Abul Kasem Khan, President of DCCI.  “We know that 80 per cent of all development resources come from private sector in the form of employment, research and technological innovation. This is not going to be any different for Agenda 2030, but we will collect data more systematically to track the progress,” said Sudipto Mukerjee, UNDP Bangladesh Country Director.     

“Today, Bangladesh is indeed passing through a critical transition towards graduating into Middle Income Country in which export-led growth, rapid industrialisation supported by a strong private-sector will need to be in the centre of the overall economic strategy,” said Abul Kasem Khan.

“ Moreover, increased investment, both local and foreign will be needed for sustaining and accelerating growth, creating jobs, transfer of technology including research and such tie up with UNDP will further help and develop the research goals and objectives,” DCCI president added.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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