Call to encourage local investors
Our Correspondent | Sunday, 15 June 2008
CHITTAGONG, June 14: Bangladesh Steel Re-Rolling Mills (BSRM) Ltd, a modern rolling mill built under the initiative of BSRM Group in joint finance of private and public sectors, is a vast steel manufacturing organisation which contributes a lot to the development of the country's economy.
Adviser for Commerce and Education Hossain Zillur Rahman said this in his address as the chief guest in the inaugural function of BSRM at Fouzdarhat today.
Zillur Rahman said, local entrepreneurs in the country get step-motherly treatment while the foreign investors are always favoured with son-in-law treatment. He called upon the concerned quarters to abandon such an attitude and encourage the local investors so that a healthy investment climate was created in the country.
Referring to the prevailing crisis of gas and power, the adviser termed it a challenging task for the present government. The government has undertaken initiative to lessen the crisis, he said.
Alihussain Akberali, chairman of BSRM Group, in his address, said, BSRM is the largest and leading industrial corporation in the steel sector of Bangladesh. The group is well known to the core users such as developers, contractors, structural engineers, civil engineers and architects. He said, the 11-acre premises of BSRM Ltd in Fauzderhat area of Chittagong had been transformed into a state-of-the-art fully automated steel rolling plant capable of producing 0.375 million tonnes of 500 deformed bars annually.
The inaugural function was addressed among others by Italian Ambassador in Bangladesh Itala Maria Marta Occhi, Chittagong City Corporation Acting Mayor Monzoor Alam, EVP of Danieli Toso Ugo and IDLC CEO Anis A Khan. A large number of bankers, industrialists, high officials and journalists attended the function.
Adviser for Commerce and Education Hossain Zillur Rahman said this in his address as the chief guest in the inaugural function of BSRM at Fouzdarhat today.
Zillur Rahman said, local entrepreneurs in the country get step-motherly treatment while the foreign investors are always favoured with son-in-law treatment. He called upon the concerned quarters to abandon such an attitude and encourage the local investors so that a healthy investment climate was created in the country.
Referring to the prevailing crisis of gas and power, the adviser termed it a challenging task for the present government. The government has undertaken initiative to lessen the crisis, he said.
Alihussain Akberali, chairman of BSRM Group, in his address, said, BSRM is the largest and leading industrial corporation in the steel sector of Bangladesh. The group is well known to the core users such as developers, contractors, structural engineers, civil engineers and architects. He said, the 11-acre premises of BSRM Ltd in Fauzderhat area of Chittagong had been transformed into a state-of-the-art fully automated steel rolling plant capable of producing 0.375 million tonnes of 500 deformed bars annually.
The inaugural function was addressed among others by Italian Ambassador in Bangladesh Itala Maria Marta Occhi, Chittagong City Corporation Acting Mayor Monzoor Alam, EVP of Danieli Toso Ugo and IDLC CEO Anis A Khan. A large number of bankers, industrialists, high officials and journalists attended the function.