Professor Muhammad Yunus, Chief Adviser, has proposed the development of a “water-based economy” by utilizing Bangladesh’s rivers and vast maritime resources. Speaking to the nation on Tuesday night to mark the ‘July People’s Uprising Day,’ he emphasized the need for a fundamental change in thinking to strengthen the country’s struggling economy.
Professor Yunus highlighted that the Bay of Bengal, which is part of Bangladesh, covers an area larger than the country’s total landmass. He pointed out that economic planning has traditionally focused on land, while the water-based half of the country has often been overlooked. He stressed that this maritime region should be treated as an integral part of the nation, contributing to both domestic and international trade and making Bangladesh globally connected.
He noted that the waters hold abundant resources, including fisheries that yield yearly harvests and untapped gas reserves, and called for consistent attention to their sustainable utilization. Highlighting recent government initiatives, he mentioned the modernization of Chattogram Port, where the Navy-run Dry Dock Limited has taken responsibility for the New Muring Terminal container handling. Early results show an average of over 225 containers handled daily, signaling significant improvements.
Professor Yunus further emphasized the potential of the coastal areas from Kumira to Teknaf to transform the region into a key economic hub in South Asia. The development of multiple industrial zones along the coast, he said, would capitalize on maritime proximity and efficiency. He also noted that discussions have begun with friendly nations to ensure sustainable use of marine and coastal resources, receiving encouraging responses.
Expressing optimism about job creation through marine resource utilization, Professor Yunus said that the government has started initiatives in fisheries, collection, and processing industries, which are expected to generate employment for millions and strengthen the national economy.
