BSS-08 Industrial sector’s contribution to GDP to reach 40pc by 2021: Humayun

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ZCZC

BSS-08

HUMAYUN-GDP-INDUSTRIES

Industrial sector’s contribution to GDP to reach 40pc by 2021: Humayun

DHAKA, July 28, 2019 (BSS) – Industries Minister Nurul Majid Mahmud
Humayun today said contribution of industrial sector to GDP will reach 40
percent by 2021 as the government is providing all sorts of efforts in this
regard.

“We are working to achieve the target of 40 percent contribution of
industrial sector to GDP and having at least 25 percent of total workforce
in the sector. In the fiscal 2017-18, contribution of industrial
sector to GDP was 33.71 percent, grew 35.15 percent in the fiscal 2018-19,”
he said.

The minister was speaking as the chief guest at an award giving function
of the “National Productivity and Quality Excellent Award-2018” at the
Institution of Diploma Engineers, Bangladesh (IDEB) auditorium in the city.

State Minister for Industries Kamal Ahmed Mojumder attended the function
as the special guest while Industries Secretary Md Abdul Halim presided over.
National Productivity Organisation (NPO) Director SM Asrafuzzaman delivered
the welcome speech.

Speaking as the chief guest, Humayun said the government is working
relentlessly to turn Bangladesh into middle-income country by 2021 and
developed country by 2041.

“The government is providing efforts to make the country’s environment
more business-friendly. We have already achieved remarkable success in the
industrialization,” he added.

Kamal Mojumder hoped that the award will encourage entrepreneurs to
produce and marketing the standard products. “Under the instruction of Prime
Minister Sheikh Hasina, Industries Ministry introduced the award for
increasing productivity,” he said.

NPO under the Industries Ministry has awarded 28 industries and services
oriented organisations with the ‘National Productivity and Quality Excellent
Award-2018’ for their outstanding contribution in increasing productivity.

The award has been given under six categories -large, medium, small,
micro, cottage and hi-tech industry.

Three organisations have also been awarded by giving ‘Institutional
Appreciation Crest-2018′ for the first time.

The representatives of Square Fashions Limited, Genesis Fashions Limited
and Wisdom Attires Limited received the award under large industry textile
and RMG sub category while Mymunsingh Agro Limited, Square Food and Beverage
Limited and Olympic Industries Limited were awarded under the large industry
food sub category.

Beximco Pharmaceuticals Limited, ACI Godrej Agrovet Pvt. Ltd and
Allplast Bangladesh Limited were awarded under the large industry chemical
sub category while Bangladesh Steel Re-rolling Mills Limited, BRB Cables
Industry Limited and Ifad Autos Limited were under the large industry Isphat
and engineering sub category.

Standard Bank Limited, British America Tobacco Bangladesh Company
Limited and Walton Hi-Tech Industries Limited were awarded under the large
industry others category.

Representative from Divine IT Limited, Saad Musa Fabrics Limited and Q&S
Container Services Limited received the award under the medium industry
category while Bongo Backers Limited, Sun Basic Chemicals Limited and Masco
Oversees Limited were awarded under the micro industry category.

Greeho Shukhon Butiques and Hamim Lasik Beauty Parlours were awarded
under the cottage industry category while Pragoti Industries Limited,
Chittagong Urea Fertilizer Limited and Khulna Shipyard Limited received the
award under state-owned industry category.

National Association of Small Cottage Industries of Bangladesh (NASCIB),
Bangladesh Knitwear Manufacturers’ and Exporters Association (BKMEA) and
Bangladesh Agro-Processors’ Association (BAPA) received the ‘Institutional
Appreciation Crest-2018’.

BSS/ASG/KUC/FI/ 1405 hrs