PM orders swift completion of process to revive loss-making state-owned industries

Prime Minister Tarique Rahman has directed the authorities to expedite the process of reopening loss-making and shuttered state-owned industrial enterprises through domestic and foreign investment.

The directive came during a meeting held at the Prime Minister's Office on Saturday to review the progress of initiatives aimed at reviving non-operational and financially unviable state-owned factories.

During the meeting, officials informed the prime minister that a number of private companies have expressed interest in investing in the dormant industrial units. The proposed investment plans include establishing various types of industrial facilities, with the government set to assess the commercial viability and feasibility of each proposal before moving forward.

Emphasizing transparency, Prime Minister Tarique Rahman instructed the relevant authorities to ensure that the entire process is conducted in a fair and accountable manner. He also stressed the need to avoid unnecessary bureaucratic delays and complete the process as quickly as possible.

The meeting was attended by Commerce, Industries, Jute and Textiles Minister Khandaker Abdul Muqtadir; State Minister for Jute and Textiles Shariful Alam; Economic Affairs and Planning Adviser Rashed Al Mahmud Titumir; Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Ashik Chowdhury; Principal Secretary to the Prime Minister A.B.M. Abdus Sattar; as well as secretaries of the relevant ministries and senior officials from agencies under the Ministry of Industries.