Statistical updates for investment

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Entrepreneurs do not get the necessary statistics for setting up new industries. For instance when there were 10 or 15 vegetable oil industries they ran on profit. Now, more than 100 such industries are in operation, many of them at a loss.
Many of the vegetable oil mills have already collapsed, creating uncertainty in the repayment of banks loans by the entrepreneurs. Of the CI sheet industries, 50 per cent had to close down while 20 per cent of the cement factories face similar prospects for the same reason.
The government should be careful in giving permission to new industries to avoid crowding a sector to make sick units. The government's regulatory bodies need to be extra careful in assessing whether the new units will be viable or not.
The government must have updates of demand for products, the number of factories producing a product and import from abroad for the benefit of entrepreneurs.
A K M Azad
Rampura, Dhaka