BSS-18 Kamal Mojumder for making policies in favour of domestic industry

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ZCZC

BSS-18

KAMAL-MOJUMDER-POLICY

Kamal Mojumder for making policies in favour of domestic industry

DHAKA, Nov 19, 2020 (BSS) – State Minister for Industries Kamal Ahmed
Mojumder today underscored the need for formulating import-export
policy, banking policy and industrial policy in favor of the domestic
industry.

He called upon the banks to expedite the disbursement of incentives
announced by Prime Minister Sheikh Hasina for small, medium and
cottage industries.

The state minister made the call while speaking at a virtual discussion on “Developed Bangladesh and Dream of Bangabandhu” marking
the Birth Centenary of Father of the Nation Bangabandhu Sheikh Mujibur
Rahman, said a press release.

Bangladesh Chemical Industries Corporation (BCIC) organised the discussion.

Former Bangladesh Bank Governor Professor Dr Mohammed Farashuddin was
the keynote speaker at the discussion while BCIC Chairman Md
Mostafizur Rahman presided over it.

Kamal Mojumder said special incentives should be given to the local
entrepreneurs to encourage the export of domestic products.

He called for ensuring loan assistance to cottage, small and medium
enterprises through BSCIC and SME Foundation and strengthening skill
development activities for these entrepreneurs through BITAC.

The state minister also urged the banks to be more proactive in
controlling defaulted loans.

After independence, he said, Bangabandhu took initiative to
nationalize the industries to ensure the protection of the interests
of the workers and to take forward the industrial sector of the
country.

“Bangabandhu took the initiative to form Bangladesh Krishak Sramik
Awami League (BaKSAL) to unite the nation and turn Bangladesh into a
happy and prosperous state on the basis of cooperatives,” he added.

BSS/PR/KUC/GA/1545 hrs