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Wednesday, September 29, 2010

Govt offloads shares of 2 BSEC companies in capital market by 6 months; it actively considering setting up coal-based power plants in Ctg, Khulna

By AKM Moinuddin

Dhaka, Sept 27 (UNB) – The government has planned to offload shares of at least two companies under Bangladesh Steel and Engineering Corporation (BSEC) into capital market within next six months in a bid to boost industrial sector’s growth.
“Our Ministry has already taken necessary steps in this regard, ”Industries Minister Dilip Barua said at a meeting with US Ambassador James F Moriarty at his office Monday.
He informed the US envoy that the government is working for building a strong private sector to help boosting the industrial sector’s growth.
“The government would provide necessary logistic supports and infrastructural facilities for the flourishment of private sector,” he said.
Issues related to friendly work environment, coal-based power generation, investment in specialized industrial zones and setting up Hi-Tech industrial park dominated in the discussion.
The US envoy appreciated the government’s Industrial Policy-2010 and hoped that industrialization would get momentum if steps are taken in the light of the new industrial policy.
He emphasized on friendly relationship between workers and owners and suggested a tri-party communications and discussion among government, workers and owners to ensure better environment in country’s industrial units.
“Bangladesh can set up Hi-Tech industrial park for the development of industrial sector,” Moriarty said.
In response, Minister Barua said the government is actively considering the issue of setting up coal-based power plants in Chittagong and Khulna to address prevailing power crisis in industrial belts.
He informed that the government would ensure equal opportunities for domestic and foreign investors apart from expatriate Bangladeshis in investing specialized industrial zones.
Industries Ministry Secretary KH Masud Siddiqui and high official of the US Embassy in Dhaka were present in the meeting.
END/UNB/

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