Staff Reporter
Industries Minister Dilip Barua yesterday said that the government would start dialogue with business bodies to formulate a business friendly industrial policy in the country.
He was talking to reporters after a meeting with a business delegation on prevailing situation of trade, commerce and industries of the country at Shilpa Bhaban. International Business Forum of Bangladesh (IBFB) President Mahmudul Islam led the 12-member delegation.
He said that previous governments could not formulate a comprehensive industrial policy that is needed for industrial development in the country.
The government is committed to protect the businessmen and create investment friendly environment in the country, he noted.
Agro-based and information technology based industries will be promoted by the government, Dilip Barua added.
He was of the view that investment would increase in the country if bank interest rate was reducted.
He pointed out some fake businessmen fled the country after taking huge amount of money on the plea of investment as a bank loan. “The government would be cautious about such fake investors,” he said.
Mahmudul Islam has placed 18-point recommendation for consideration of the government in the framing of its industrial policy.
The recommendations include: reduction the lending rate of interest to single digit to encourage the local and foreign investment, continuation of tax holiday and other incentives for industrial growth and development, establishment of deep seaport in Chittagong, setting up special industrial zones, diversification of exporting exporting products, inter ministerial cooperation for business cooperation, hartal and blockades must be banned, implementation of an integrated industrial policy, political stability and favorable law and order situation etc.
Courtesy: nation.ittefaq.com
