The committee will formulate the National Logistics Development Policy, offer policy support, facilitate existing policy frameworks to attract investment in the sector, offer overall guidance in formulating policies and development strategies for the various sub-sectors of the logistics sector, and monitor, review and evaluate the progress of implementing the overall logistics development strategy.

Bangladesh has formed a 29-member committee to ensure efficient transportation of goods and services and the overall development of the logistics sector. M Tofazzel Hossain Miah, principal secretary to the prime minister, will chair the National Logistics Development and Coordinating Committee, according to a gazette notification issued late this month.

The move comes as the logistics sector is failing to support the fast-growing economy, according to Bangladeshi media reports. The country is missing out on at least a fifth of its export potential due to poor logistics and clearance services in domestic ports and highways.

Fibre2Fashion News Desk (DS)