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BD Prime Minister says Firms should invest in Economic Zones

by Reporter - May 19 194 Views 0 Comment

Prime Minister Sheikh Hasina has called on local businesses to consider investing in the country's 100 economic zones, alongside foreign investment.

"The government has announced plans to establish 100 economic zones throughout the country." Investments are being invited there. "We are not solely seeking foreign investments, but rather, we are also eager to attract domestic investments," she expressed.

In a momentous occasion, the prime minister took center stage as she inaugurated the highly anticipated weeklong 11th National SME Product Fair. The fair, which aims to highlight the remarkable products crafted by small and medium enterprises, is being held at the prestigious Bangabandhu International Conference Centre (BICC).

This grand event is a collaborative effort between the Industries Ministry and SME Foundation, showcasing the government's commitment to promoting local businesses.

According to her, the government has allocated lands for up to 80 out of the total 100 economic zones.

"According to her, individuals from the SME Foundation or those involved in entrepreneurship have the opportunity to acquire land in these economic zones either independently or through partnerships in order to establish their industries," she stated.

According to Hasina, the government is placing a strong emphasis on the mechanization of agriculture, as well as the production of food and agricultural products. These efforts are expected to have a positive impact on the economy, and will also support the development of industries in this sector.

"Without industrialization, the absence of job opportunities will hinder our progress." "Industrialization is a key area of focus," she emphasized.

According to her, the mechanization of agriculture will require a significant number of small mechanical parts. The government is offering a range of facilities to support this process.

She said that it would be feasible to make such mechanical components that might be supplied to several nations if the right training is given.

"With the increase of our purchasing capacity," she stated, "it will create a market in our own country."

The programme was chaired by Industries Minister Nurul Majid Mahmud Humayun, with the presence of Senior Secretary of Industries Ministry Zakia Sultana, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam, and Chairperson of the SME Foundation Professor Md Masudur Rahman, who also delivered speeches.

A documentary showcasing the Industries Ministry and SME Foundation was presented during the programme.

In a recent event, the prime minister graciously presented crests and certificates to seven exceptional entrepreneurs in the micro, small, medium, and start-up sectors. These individuals were recognized for their outstanding achievements and were honored with the prestigious National SME Entrepreneurship Award 2023.

Swapna Rani Sen shared her thoughts as one of the recipients of the award.

The prime minister made rounds to various stalls at the exhibition.

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