New industry policy to be finalized - Mr. Barua

16 Feb '10

1 min read

In a bid to develop the industrial sector, a new policy will be finalized in the ongoing month, anticipated Mr. Dilip Barua, Minister of Industries. A research and development cell of the Industries Ministry has been formed to offer assistance in identifying the existing impediments for industrialization, informed the Minister in a meeting with Foreign Investors Chamber of Commerce and Industries (FICCI).

The government is putting emphasize on direct foreign investment to turn Bangladesh into an industrialist country and will take all the necessary measures to offer protection to the expatriate entrepreneurs' investments, said Mr. Barua. The government will soon take measures to improve the power and energy sector, he added by saying.

In order to increase direct investment, several recommendations have been made by foreign business leaders, like, enhancing power and energy supply, developing law and order and framing coordinated industrial and financial policies,.

The frequent revisions in financial guidelines are troubling foreign investors. To protect the foreign investments, the leaders requested the government to keep tax policy consistent and stable, for a minimum of five years.

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