On 16 January 2023 at the Ministry of Industries, Zakia Sultana, Secretary, Ministry of Industries, called for promoting the light engineering sector with targeted action plans at the eighth meeting of the SME Development Working Committee of BUILD. Business Initiative Leading Development (BUILD) organised the meeting.
Ferdaus Ara Begum, CEO, BUILD, presented an analysis titled “Light Engineering Industry Development Policy 2022” at the meeting. From the private sector, Mahbubul Alam, President, Chittagong Chamber of Commerce and Industry (CCCI), co-chaired the meeting and urged the Ministry to keep supporting the sector that has high potential as it contributes 3% to GDP.
While co-chairing the committee, the Industry Secretary said, “We would extensively support the light engineering sector while exploring ways to set up a separate industrial park in BSCIC for the sector and giving special incentives to the sector that shares the domestic market worth USD 12 billion.”
Having underscored the need for promoting grassroots entrepreneurs of the sector and getting them on board, we will set out specific priorities in line with the Light Engineering Policy, which can be achieved at the earliest, said further referring to some priority proposals of BUILD.
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