PM orders faster process to reopen loss-making factories

Prime Minister Tarique Rahman on Saturday directed officials to expedite the process of reopening loss-making and closed state-owned factories through local and foreign investment.

He gave the directive at a meeting at the Prime Minister’s Office to review the progress of the initiative, said PM’s Deputy Press Secretary Hasan Shiplu.

The meeting was informed that a number of private companies expressed interest in investing in the factories.

The proposals submitted by the companies to set up different industrial units will now undergo feasibility studies.

The Prime Minister stressed the need to complete the entire process in a transparent manner.

He also instructed the authorities to avoid unnecessary delays and instead complete the process as quickly as possible.

Commerce, Industries, Jute and Textiles Minister Khandakar Abdul Muktadir, State Minister for Jute and Textiles Shariful Alam, Prime Minister's Adviser on Finance and Planning Rashed Al Mahmud Titumir, Bangladesh Investment Development Authority (BIDA) Executive Chairman Ashik Chowdhury, Principal Secretary to the Prime Minister ABM Abdus Sattar, secretaries of the relevant ministries and senior officials of organisations under the Ministry of Industries attended the meeting, which was chaired by the Prime Minister.    �"UNB