Govt to hold roadshows to attract investment in closed, unprofitable factories

The government will soon organise roadshows to attract local and foreign investments in closed and unprofitable state-owned factories.

The decision was taken on Thursday at a meeting on the reopening and management of factories under the Ministry of Industries, reports BSS.

Prime Minister Tarique Rahman chaired the meeting at the Cabinet Division office in the Bangladesh Secretariat in the morning, said Prime Minister's Deputy Press Secretary Mostafa Zulfiquar Hasan (Hasan Shiplu).

During the meeting, the authorities concerned have been instructed to complete necessary preparations regarding the roadshows this month.

At the meeting, Shiplu said senior officials of different institutions under the Ministry of Industries presented detailed reports on the current condition, challenges, prospects and required measures relating to the closed and unprofitable factories.

Prime Minister Tarique Rahman directed the authorities concerned to identify effective ways to quickly reopen closed factories and turn unprofitable factories into profitable ones, he added.

Shiplu also said that the Prime Minister also placed special emphasis on attracting both domestic and foreign investments to these factories.

Officials concerned informed the meeting that recommendations from an expert committee are being taken to reopen closed factories and make unprofitable factories profitable.

Commerce and Industries Minister Khandakar Abdul Muktadir, Prime Minister's Adviser for Finance and Planning Rashed Al Mahmud Titumir, Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun and Prime Minister's Principal Secretary ABM Abdus Sattar were present at the meeting, among others.