Dhaka: Commerce, Industries, and Textiles and Jute Minister Khandakar Abdul Muktadir today announced that the government is advancing with an integrated action plan to rejuvenate the industrial sector, stabilize markets, and secure the supply of essential commodities. He emphasized the government’s aim to bring dormant and closed industrial units back into operation to enhance production and employment opportunities.
According to Bangladesh Sangbad Sangstha, Muktadir made these remarks while addressing journalists after the fourth session of the second day of the Deputy Commissioners’ (DC) Conference held at Osmani Memorial Auditorium in the capital. A preceding session was conducted between the DCs and the ministries of commerce, industries, and textiles and jute, as stated in a press release.
Muktadir highlighted the process of transferring approximately 50 closed and sick textile and jute mills to the private sector. He noted that this initiative is expected to attract new investments, boost production, and generate substantial employment, with a target to complete the process within the next year.
He acknowledged the practical and reality-based recommendations from the deputy commissioners, which included the rejuvenation of industries, the creation of new industrial zones, the reopening of closed sugar mills, and the establishment of distilleries to enhance export potential. The government, he assured, would give these proposals due consideration.
The minister also stressed the need for structural reforms in market management, revealing plans to implement a modern, technology-driven supply chain monitoring system. This system aims to bridge the price gap from producers to consumers, ensuring transparency and accountability in the market.
To counteract international market volatility, Muktadir stated that the government is developing strategic reserves for import-dependent commodities. He emphasized that this initiative would help prevent shortages and stabilize domestic prices amidst global supply chain disruptions.
Muktadir highlighted the significance of the Trading Corporation of Bangladesh (TCB) by announcing the formation of a strong advisory council comprising experienced experts from both the public and private sectors. This council’s objective is to enhance TCB’s market interventions, making them more effective and timely.
Regarding the upcoming Eid-ul-Azha, the minister outlined a special action plan to preserve rawhides, ensuring that none are wasted. He mentioned that training would be provided through district and upazila administrations, with measures to supply salt, distribute awareness leaflets, and conduct media campaigns.
He also stated that rawhide transportation would be regulated for seven days post-Eid to ensure proper preservation. Stressing the necessity for a proactive role of field administration, Muktadir affirmed the joint commitment of the administration and the elected government to maintain supply chain functionality and protect consumer interests.
State Minister for Textiles and Jute Md. Shariful Alam and the secretaries of the respective ministries were present at the briefing.