Govt plans to reopen closed industries

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Staff Reporter :
The government plans sustainable industrial growth in the country by reopening closed mills and factories under public-private partnerships. The government focuses also on manufacturing industries instead of ‘assembling’ industries, said Industries Minister Amir Hossain Amu.
The minister said it at a seminar titled ‘Industrial Policy of Bangladesh’ held in the auditorium of Metropolitan Chamber of Commerce and Industry (MCCI) on Sunday.
He said that the government would finalise the new Industrial Policy taking opinions of the stakeholders into consideration. “This policy will help create an industry-friendly environment in the country.”
In the seminar, gas and energy deficiency were identified as main barrier to Foreign Direct Investment (FDI) and suggestion was given for setting up of an ‘Information and Research Cell’ in the Industries Ministry in order to help build a stronger industrial sector in the country.
The International Chamber of Commerce, Bangladesh (ICC,B) hosted the seminar titled ‘Industrial Policy of Bangladesh’. Industries Minister Amir Hossain Amu attended the event as the chief guest, while Industries Secretary Md Mosharraf Hossain Bhuiyan spoke as a special guest at the programme with ICC, B President Mahbubur Rahman presiding at.
Special Assistant to a former caretaker government on Industrial Affairs Mahabub Jamil, former FBCCI Presidents AK Azad, Mir Nasir Hossain, DCCI former President Asif Ibrahim, former AmCham (American Chamber of Commerce in Bangladesh) Aftab-ul-Islam, international expert on industrial policy Dr Tawfiq Ali and leaders of various trade bodies took part in the discussion.
Senior Assistant Secretary of the Industries Ministry M Salim Ullah highlighted various aspects of the draft Industrial Policy 2015.
The entrepreneurs said, the cell, if established, would help provide information and required guidelines to the new entrepreneurs through conducting sector-wise researches.
The government’s policy support continues for sustainable industrial growth across the country and does not object reopening of closed mills and factories under public-private partnerships.
Earlier, the entrepreneurs laid emphasis on specifying the responsibilities of other ministries concerned in the new industrial policy, and stressed stronger coordination among them.
They sought steps for lowering bank interest rate to a single digit on industrial loan, provide one-stop services and ensure uninterrupted gas and electricity supplies for industrial units in the country.
The entrepreneurs also suggested the Industries Ministry to play its due role in addressing the core issues for rapid industrialization in the country.
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