Dhaka:President Mirza Fakhrul Islam Alamgir has urged for the revitalisation of Bangladesh's co-operative movement through legal reforms, improved governance, and making co-operative organisations competitive with NGOs and other institutions.
According to United News of Bangladesh, the President made these remarks during a program at the Osmani Memorial Auditorium in Dhaka, commemorating the 55th National Co-operative Day. He recalled the vibrant co-operative movement in his childhood in Thakurgaon, highlighting the decline due to corruption within co-operative organisations and their associations.
The President emphasized the historical significance of the co-operative movement in Bangladesh, referencing late President Ziaur Rahman's vision of a self-reliant Bangladesh and the contributions of Dr Akhtar Hameed Khan. He noted the success of co-operatives he observed in Bogura and called for a review of existing laws to better meet current needs.
He identified the growth of NGOs as a factor behind the decline of co-operatives and advocated for strengthening the capacity of co-operatives to compete. Citing the success of the Milk Vita co-operative, he urged for the expansion of its market and product range, drawing parallels with India's Amul.
Marketing challenges for co-operatives were highlighted, with suggestions to establish co-operative-based companies to aid in market expansion. The President also called for initiatives to enhance marketing facilities for co-operative products.
President Mirza Fakhrul addressed the challenges facing Bangladesh, including an energy crisis and economic issues, urging unity to overcome these obstacles. He expressed hope that the Ministry of Local Government, Rural Development (LGRD), and Co-operatives would spearhead the revival of the co-operative movement, strengthening the economy.
The event was attended by LGRD and Co-operatives Minister Dr Abdul Moyeen Khan, State Minister Mir Shahe Alam, and other notable officials. The President congratulated award recipients and encouraged continued progress in their work.