No sale of state industries: Amu

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The government is not going to sell any state-owned industry or factory, keeping in mind national interest, Industries Minister Amir Hossain Amu has said.
“The government’s working to ensure sustainable industrialisation in the future. A lot of land will be required for this. So, the government will not sell out any state-owned industry or factory considering the national interest,” he said on Wednesday.
The minister said this in a meeting with the leaders of the Bangladesh Sugar Mills-Sugarcane Farmers Federation, said an official release.
The Federation leaders said that the country’s 15 nationalised sugar mills owe about Tk one billion to sugarcane growers for purchases during the 2013-2014 crushing season.
They urged the minister to hasten the payment. They also said they were ready to accept sugar at government prices in lieu of money as payment in kind.
Amu assured them that steps would be taken in phases to pay the dues and resolve other problems.
The Minister said efforts were being taken to turn around loss-making state-owned factories through the BMRE (Balancing, Modernisation, Renovation and Expansion) and product diversification.
Industries Secretary Mohammad Moinuddin Abdullah, Bangladesh Sugar and Food Corporation (BSFC) Chairman Mahmudul Haque Bhuiyan, Bangladesh Sugar Mills-Sugarcane Farmers Federation President Mazharul Haque Prodhan and General Secretary Shajahan Ali Badshah were present in the meeting, among others.