Dhaka: Industries, Commerce, and Textiles and Jute Minister Khandakar Abdul Muktadir announced on Monday that the government is advancing a coordinated and timely action plan to rejuvenate the country’s industrial sector, stabilize markets, and ensure an uninterrupted supply of essential commodities. This initiative is part of a broader strategy to revive sick and closed industries, thereby boosting production and employment, which the government prioritizes.
According to United News of Bangladesh, the minister indicated that approximately 50 closed and loss-making textile and jute mills are in the process of being gradually transferred to the private sector. This initiative aims to attract new investments, increase production, and create large-scale employment opportunities, with the expectation that the process will be completed within a year.
Minister Muktadir also highlighted the proposals from deputy commissioners, which included practical suggestions based on local realities. These encompassed industrial revival, development of new industrial zones, reopening of closed sugar mills, and the establishment of distilleries to enhance export potential. The government is considering these proposals seriously.
The minister emphasized structural reforms in market management, notably the introduction of an AI-based supply chain monitoring system. This system is designed to reduce price gaps from producers to retail levels by enabling close monitoring of imports, stock, and wholesale and retail stages, ensuring transparency and accountability in the market.
To address potential global market volatility, a strategic reserve for import-dependent goods is being developed. This measure aims to prevent shortages and maintain price stability during international supply disruptions.
Regarding the Trading Corporation of Bangladesh (TCB), a strong advisory council will be formed, comprising experts from both public and private sectors. This council will make TCB’s market interventions more effective, timely, and targeted.
In preparation for Eid-ul-Azha, the minister outlined a special plan to ensure proper preservation of rawhide, preventing waste. Training will be provided through district and upazila administrations to mosque and madrasah stakeholders. Additionally, government-supplied salt, awareness leaflets, and media campaigns will be utilized, with regulated transport of hides for seven days post-Eid to ensure local preservation.
Minister Muktadir stressed the importance of district administration in maintaining market stability, committing to collaboration with elected government officials to keep supply chains active and protect consumer interests.