Bangladesh targets $5bn funding boost for export industries

During a recent meeting with a Bangladesh Chamber of Industries (BCI) delegation, state minister for Commerce Ahsanul Islam Titu revealed the government’s efforts to establish a $5 billion fund for the nation’s export-oriented industries.

The minister expressed optimism that the country’s balance of payments would stabilise by June, alleviating concerns regarding industry liquidity.

The delegation, led by BCI president Anwar-ul Alam Chowdhury, included senior vice president Priti Chakraborty and vice-president Mohammad Yunus.

The minister also disclosed plans for a pilot project aimed at providing essential commodities at fair prices to industrial workers in Dhaka and its surrounding areas through the Trading Corporation of Bangladesh (TCB).

His statement highlights the government’s commitment to bolstering the export sector and addressing challenges faced by industrial workers. The proposed fund signifies a strategic initiative to support and enhance the competitiveness of the export-oriented industries, positioning Bangladesh for sustainable economic growth.