Govt mulls ‘roadshows’ to attract investment in closed state-run factories

The government has decided to organise roadshows to attract investment in Bangladesh's closed and loss-making state-owned industrial enterprises.

Relevant authorities have also been given directives to complete the necessary preparations within this month.

The decisions on reopening closed industrial factories were made at a meeting presided over by the prime minister on Thursday at the Cabinet Division conference room in the Secretariat, Deputy Press Secretary Mostafa Zulfiquar Hasan said.

He said, “Prime Minister Tarique Rahman held a meeting on the reopening of closed and loss-making factories under the Ministry of Industries.”

“The government will soon organise roadshows to attract both domestic and foreign investment in these factories. The meeting gave directives to relevant authorities to complete all necessary preparations within this month.”

According to the Prime Minister’s Press Wing, senior officials from institutions under the Ministry of Industries presented detailed information on the current condition, challenges, prospects, and required actions regarding the closed and loss-making factories.

The prime minister instructed the authorities to identify effective measures to quickly reopen the closed factories and make the loss-making ones profitable.

At the same time, he emphasised the importance of attracting both local and foreign investment into these industries.

It was shared in the meeting that recommendations from a committee of experts are being sought to help reopen the closed factories and improve the profitability of loss-making enterprises.