Economic Reporter :
Aiming to ensure efficient use of electricity, state-owned Eastern Tubes Limited (ETL) is going to produce energy-efficient LED light in the country.
To this end, the ETL would install LED Light (CKD) Assembling Plant at its Tejgaon plant in the capital involving Taka 33.52 crore.
“We will produce energy efficient LED light instead of fluorescent bulbs to meet the domestic demand,” said Planning Minister A H M Mustafa Kamal.
He noted that, “the move taken by ETL would bring healthy competition in local market as well as encourage other companies to produce quality LED lights.”
The Executive Committee of the National Economic Council (ECNEC) has cleared the project that will be implemented by June, 2018 with the government financing.
During the approval of the project, the Prime Minister gave a directive not to establish any industrial unit in Tejgaon as the government has already declared it as a “commercial area”.
The government has allowed the ETL to go ahead as it will install the LED assembling plant replacing old machines at the existing factory, he added.
“No government or private organizations would get permission for setting up factory unit in Tejgaon areas in future as per the directives of prime minister,” said Mustafa Kamal.
Officials said the ETL under the Bangladesh Steel and Engineering Corporation (BSEC) of the ministry of industries is the only organization for producing lights. Bawani Group established the ETL in 1964 by collecting reconditioned machines from Japan. It was nationalized after the independence of the country. Now, the ETL is running its operations sickly with over 70-year-old machinery.
Besides, demand for florescent bulbs is declining gradually due to availability of energy efficient LED lights. On the other hand, poor quality and cheaper LED lights from China and India are also posing challenges for the products of ETL. So, production of high quality LED lights is inevitable from a state-owned organization to save foreign currency.
Aiming to ensure efficient use of electricity, state-owned Eastern Tubes Limited (ETL) is going to produce energy-efficient LED light in the country.
To this end, the ETL would install LED Light (CKD) Assembling Plant at its Tejgaon plant in the capital involving Taka 33.52 crore.
“We will produce energy efficient LED light instead of fluorescent bulbs to meet the domestic demand,” said Planning Minister A H M Mustafa Kamal.
He noted that, “the move taken by ETL would bring healthy competition in local market as well as encourage other companies to produce quality LED lights.”
The Executive Committee of the National Economic Council (ECNEC) has cleared the project that will be implemented by June, 2018 with the government financing.
During the approval of the project, the Prime Minister gave a directive not to establish any industrial unit in Tejgaon as the government has already declared it as a “commercial area”.
The government has allowed the ETL to go ahead as it will install the LED assembling plant replacing old machines at the existing factory, he added.
“No government or private organizations would get permission for setting up factory unit in Tejgaon areas in future as per the directives of prime minister,” said Mustafa Kamal.
Officials said the ETL under the Bangladesh Steel and Engineering Corporation (BSEC) of the ministry of industries is the only organization for producing lights. Bawani Group established the ETL in 1964 by collecting reconditioned machines from Japan. It was nationalized after the independence of the country. Now, the ETL is running its operations sickly with over 70-year-old machinery.
Besides, demand for florescent bulbs is declining gradually due to availability of energy efficient LED lights. On the other hand, poor quality and cheaper LED lights from China and India are also posing challenges for the products of ETL. So, production of high quality LED lights is inevitable from a state-owned organization to save foreign currency.
