With 63 per cent of execution record, the Ministry of Industries has surpassed the national rate in implementing the Annual Development Program (ADP).
From July to January of the fiscal year 2022-23, the ministry was able to implement 63 per cent of the ADP, where the overall ADP implementation rate is less than 30 per cent.
The information was presented at a meeting held to review the implementation progress of projects included in the ADP, at the conference hall of the industries ministry on Sunday.
Industries Minister Nurul Majid Mahmud Humayun was the chief guest and State Minister for Industries Kamal Ahmed Majumder was the special guest at the review meeting chaired by Industries Secretary Zakia Sultana.
Relevant officials of the ministry, heads of various agencies and corporations under the ministry and various project managers were also present on the occasion.
The ministry officials said that a total of 33 projects are being implemented in the current fiscal year. For all the projects the budgetary allocation was Tk4066 crore, of which Tk 2565 crore or 63 per cent allocation was spent in the first 7 months of the current fiscal year.
The meeting was informed that there are a total of 33 projects in the annual development program of the Ministry. Of these, 30 investment projects, 2 technical assistance projects and 1 self-financing are implemented in the current fiscal year.
The allocation for these projects was Tk 4,066 crore. Of this, Tk 1,203 crore has been allocated in the public sector, Tk 2,817 crore in the project assistance sector and Tk 46 crore in the company’s own finance sector.
Source: United News of Bangladesh