Dhaka: Commerce, Industries and Textiles and Jute Minister Khandakar Abdul Muktadir today emphasized the importance of transparency, accountability, and optimal use of public funds in government projects. He clarified that the government will not make fresh direct investments in industrial enterprises to boost production capacity; instead, it will encourage active private-sector involvement in industrial operations and investments.
According to Bangladesh Sangbad Sangstha, the minister was speaking at a review meeting at the Secretariat, discussing ongoing, unapproved, and newly proposed projects for the Commerce, Industries, and Textiles and Jute ministries for inclusion in the Annual Development Programme (ADP) for the fiscal year 2026-27. Muktadir stated that the primary objective of development projects should not be merely spending allocated funds. Each project must be evaluated based on its contribution to the economy, employment, productivity, and public welfare.
State Minister for Planning Md Zonayed Abdur Rahim Saki highlighted the importance of considering expected outcomes, feasibility, and long-term impacts during project selection. He stressed that projects funded by public money must benefit the people while adhering to the specified timeframe, cost, and quality standards.
The meeting reviewed various projects under the Industries Ministry, focusing on implementation progress, financial management, production capacity, and future effectiveness. Discussions covered the production capacity of state-owned industrial enterprises, renovation of old factories, opportunities for private-sector partnerships, and progress of ongoing projects. Projects under the Textiles and Jute and Commerce ministries were also reviewed.
State Minister for Textiles and Jute Md Shariful Alam emphasized modern technology, efficient management, and market expansion to enhance the competitiveness of the textile and jute sectors. He advocated for integrating traditional industries with modern industrial management while preserving their unique identity.
The development of the handloom sector and preservation of its heritage were also discussed. Participants highlighted the economic and cultural importance of Bangladesh's handloom industry, stressing the need for affordable financing, market access, and modern management facilities to support small entrepreneurs and weavers.
The meeting further emphasized providing low-interest loans to weavers to improve their production and business capacity, alongside initiatives to expand domestic and international markets for traditional products. Special discussions were held on projects aimed at boosting the prospects of Tangail sarees and Muslin, emphasizing their commercial potential and the need for preservation, research, production, and market expansion efforts.