Govt trying to raise industrial sector's share up to 40 per cent in economy: PM
Thursday, 22 July 2010
Prime Minister Sheikh Hasina Wednesday told the House that the government was working on upgrading Bangladesh to a middle income country through raising contribution of its industrial sector to the national economy up to 40 per cent from the existing 28 per cent, reports BSS.
"The proposed industrial policy has reflected the target," she said adding that it would be possible to reach the ultimate target of turning the country into an industrial state through maintaining continuation after attaining the target of the industrial policy.
The Prime Minister said this while replying to a query from treasury bench lawmaker Md Tajul Islam. "The country's industrial and investment policies were liberalised to open new investment avenues through creating a sound environment for the entrepreneurs to further develop the industrial sector in the light of the proposed Industrial Policy 2010," she said.
Under the proposed industrial policy, there will be a package of import duty on capital machinery based on advantaged and disadvantaged areas for ensuring balanced development of the country, she said.
To encourage the Non-Resident Bangladeshis to invest in the country, their investments would be considered as foreign investments, she said adding the government is determined to ensure industrial development for building a Sonar Bangla as dreamt by Bangabandhu.
Sheikh Hasina said measures would be taken for creating massive infrastructure facilities including setting up of economic zones at industrially disadvantaged areas of the country like greater Rangpur, Dinajpur and Rajshahi districts and incentives would be given to those areas.
Our Correspondent adds: Prime Minister Sheikh Hasina Wednesday told parliament that minimum wage for the garment workers would be announced by July 28.
She was responding to a supplementary question of Shahin Monowar at Parliament.
Hasina termed the salary of the workers not only insufficient but also inhuman.
The government, owners and workers are engaged in negotiations to fix a reasonable wage structure for the RMG workers, she said.
"The negotiations are on, and I think we will be able to announce a fresh wage structure for the workers," said Hasina.
Labour Minister Khondker Mosharraf Hossain earlier announced that the government, by July 28, would announce a fresh minimum pay for the workers of the industry, which accounted for 80 per cent of the country's $18 billion export earning.
"It is difficult for them even to live in slum but their labour fattens the profit of the owners," she said.
"The proposed industrial policy has reflected the target," she said adding that it would be possible to reach the ultimate target of turning the country into an industrial state through maintaining continuation after attaining the target of the industrial policy.
The Prime Minister said this while replying to a query from treasury bench lawmaker Md Tajul Islam. "The country's industrial and investment policies were liberalised to open new investment avenues through creating a sound environment for the entrepreneurs to further develop the industrial sector in the light of the proposed Industrial Policy 2010," she said.
Under the proposed industrial policy, there will be a package of import duty on capital machinery based on advantaged and disadvantaged areas for ensuring balanced development of the country, she said.
To encourage the Non-Resident Bangladeshis to invest in the country, their investments would be considered as foreign investments, she said adding the government is determined to ensure industrial development for building a Sonar Bangla as dreamt by Bangabandhu.
Sheikh Hasina said measures would be taken for creating massive infrastructure facilities including setting up of economic zones at industrially disadvantaged areas of the country like greater Rangpur, Dinajpur and Rajshahi districts and incentives would be given to those areas.
Our Correspondent adds: Prime Minister Sheikh Hasina Wednesday told parliament that minimum wage for the garment workers would be announced by July 28.
She was responding to a supplementary question of Shahin Monowar at Parliament.
Hasina termed the salary of the workers not only insufficient but also inhuman.
The government, owners and workers are engaged in negotiations to fix a reasonable wage structure for the RMG workers, she said.
"The negotiations are on, and I think we will be able to announce a fresh wage structure for the workers," said Hasina.
Labour Minister Khondker Mosharraf Hossain earlier announced that the government, by July 28, would announce a fresh minimum pay for the workers of the industry, which accounted for 80 per cent of the country's $18 billion export earning.
"It is difficult for them even to live in slum but their labour fattens the profit of the owners," she said.