PM Orders Faster Revival of Closed State Factories

Prime Minister Tarique Rahman on Saturday directed officials to speed up the process of reopening loss-making and closed state-owned factories through local and foreign investment.

He gave the instruction at a meeting at the Prime Minister’s Office reviewing progress on the initiative, according to the Deputy Press Secretary Hasan Shiplu.

The meeting was informed that several private companies have expressed interest in investing in the closed industrial units.

Proposals submitted by interested firms to set up new industrial activities in these facilities will now undergo feasibility assessments before final approval.

The prime minister stressed that all procedures must be completed in a transparent manner, with due diligence and proper evaluation.

He also instructed officials to avoid unnecessary delays and ensure that the process is completed as quickly as possible to restore industrial productivity and create employment opportunities.

Senior officials from relevant ministries, including Industries, Commerce, Jute and Textiles, attended the meeting along with representatives of investment and planning agencies.