Saturday, 18th May, 2024
Saturday, 18th May, 2024

BARVIDA: Investment in transport sector stands at Tk 20,000cr

BARVIDA has been contributing lion’s share in the country’s transport sector by supplying vehicles over the last more than 3 decades. Currently, around 900 enterprises under the BARVIDA membership are in operations across the country.
These were disclosed at the Annual General Meeting (AGM) 2020 of Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) held in the capital recently.
The AGM was also told that BARVIDA members have invested around Tk 20,000 crore in the country’s transport sector, employing more than one lakh people directly and indirectly.
The enlisted BARVIDA member companies also pay few thousands Crore taka as revenue to the Government in a year.
Chaired by BARVIDA President Abdul Haque, the AGM was also attended by association Secretary General, Vice-Presidents and the Executive Committee Members. Around 400 members of the Association including former Presidents and Secretary Generals joined the meeting.
Addressing the meeting, BARVIDA President Abdul Haque said that the present executive committee of the association is extending their effort to develop the reconditioned vehicle sector, and also the matters relating to the interest of all members.
The committee is also working to solve the custom valuation problems of new and old cars. To lead the nationalised trade organization, the President urged the young generation to come up with their IT knowledge and bold leadership.
BARVIDA Secretary General Mohammad Shahidul Islam, in his power point presentation highlighted the activities of the association held in last 1 year. He also presented the income and expenditure of the organization at the meeting.
The annual budget of the Association was approved by the members at the meeting, and the auditor for the year 2020-2021 was appointed.
It may be mentioned that BARVIDA, the national trade organization in reconditioned Vehicles importing sector has more is contributing 85% of total car supply of the country for the last 3 decades.

:: Share ::