Industrial policy : The vital missing link
Monday, 6 December 2010
The newest National Industrial Policy, 2010 aims to increase contribution of industrial sector to the national income by 40 per cent and raise employment by 25 per cent by 2021 from new industries.
But given the actual situation in respect of augmenting energy supplies on which would depend so much the implementation of this policy, there are reasons to be highly skeptical about the newest industrial policy bearing any fruit.
Industrialization in the present context of Bangladesh will depend very vitally on potential investors in the industrial fields believing that government has absolutely assuredly taken steps to deliver the needed power and gas to their enterprises. But the present developments in the power and gas sectors are sending only pessimistic signals about energy supplies not increasing in the short or medium terms. So, how can we expect potential investors to come forward to build industries risking their resources and time?
As it is, some even established industries have closed from the power crisis and newly established ones are yet to get power and gas connections in many cases.
Therefore, instead of kite flying, the imperative seems to be giving the greatest attention to energy supply and infrastructural development as indispensables in support of industry promotional activities.
Matiur Rahman
DOHS, Dhaka
But given the actual situation in respect of augmenting energy supplies on which would depend so much the implementation of this policy, there are reasons to be highly skeptical about the newest industrial policy bearing any fruit.
Industrialization in the present context of Bangladesh will depend very vitally on potential investors in the industrial fields believing that government has absolutely assuredly taken steps to deliver the needed power and gas to their enterprises. But the present developments in the power and gas sectors are sending only pessimistic signals about energy supplies not increasing in the short or medium terms. So, how can we expect potential investors to come forward to build industries risking their resources and time?
As it is, some even established industries have closed from the power crisis and newly established ones are yet to get power and gas connections in many cases.
Therefore, instead of kite flying, the imperative seems to be giving the greatest attention to energy supply and infrastructural development as indispensables in support of industry promotional activities.
Matiur Rahman
DOHS, Dhaka