FICCI President Zaved Akhtar called for a strong and effective competition law during a consultation on the Competition Act 2012.
“FICCI represents nearly 200 leading companies from 35 countries across 21 sectors. Our members believe in fair competition and a level playing field. We want a strong and effective law that protects both industry and consumers while ensuring regulations don’t hinder business growth,” he said.
The meeting, held on 25 September 2025, was attended by Bangladesh Competition Commission Chairperson AHM Ahsan, senior Commission officials, FICCI Board Member Sumitava Basu, and representatives from FICCI’s member companies.
AHM Ahsan emphasised the importance of the Competition Act in ensuring market fairness.
“The Competition Act, enacted in 2012, empowers the Commission to curb cartels, protect consumers, and encourage investment. Effective enforcement will drive innovation, create jobs, and strengthen the economy,” he stated.
Moderated by FICCI Executive Director TIM Nurul Kabir, the session featured valuable inputs from the Competition Commission and FICCI members on the implementation of the law and possible amendments.
FICCI’s members called for more efficient enforcement to ensure a level playing field for businesses and better protection for consumers.
The Foreign Investors’ Chamber of Commerce & Industry (FICCI), the apex chamber for multinational companies, has contributed significantly to Bangladesh’s economic growth since its establishment in 1963.
Representing foreign investors from 35 countries across 21 sectors, FICCI’s 210 member companies contribute about 30% of the government’s internal revenue and represent more than 90% of inward foreign direct investment (FDI) in Bangladesh.
