New investment outlets
Thursday, 26 June 2008
EVEN the importers of energy drinks and similar consumption products can claim that they are contributing to business activity since their efforts involve marketing and distribution. However, it is questionable whether such activities are consistent with what should be the main economic policies such as wealth creation from, or value addition to, preferably local resources to create sustainable jobs and income for the greatest number of people.
From papermaking to producing parts for automobiles, there are many feasible investment outlets awaiting in new jute-based products. Investments in these new jute based industries can reverse the present position of gloom in the jute sector and create a major and positive impact on the economy from import substitution, exports and internal job creation. Clearly, these fields ought to attract the notice of investors who are searching new investment opportunities and the same should receive all the necessary support from the government.
The government has also declared agriculture-oriented industries as the new thrust sector. Investments in this sector would be especially welcome because the same could play a role in increasing income for the poor people who are concentrated mainly in the rural areas apart from the earning of substantial foreign exchange. The private sector ought to take greater interest to invest in these industries and the government should facilitate their enterprising in this sector.
Joynal Abedin
DOHS, Dhaka.
From papermaking to producing parts for automobiles, there are many feasible investment outlets awaiting in new jute-based products. Investments in these new jute based industries can reverse the present position of gloom in the jute sector and create a major and positive impact on the economy from import substitution, exports and internal job creation. Clearly, these fields ought to attract the notice of investors who are searching new investment opportunities and the same should receive all the necessary support from the government.
The government has also declared agriculture-oriented industries as the new thrust sector. Investments in this sector would be especially welcome because the same could play a role in increasing income for the poor people who are concentrated mainly in the rural areas apart from the earning of substantial foreign exchange. The private sector ought to take greater interest to invest in these industries and the government should facilitate their enterprising in this sector.
Joynal Abedin
DOHS, Dhaka.