Govt working to formulate light engineering development policy


The government is working to formulate a light engineering development policy aimed at strengthening the contribution of the domestic light engineering industry to the national economy, reports BSS.

The policy will be finalized soon with the concerned stakeholders.

This was informed on Sunday at a virtual discussion on the progress of implementation of the activities organised by the Ministry of Industries for the development of the light engineering industry at the initiative of the ministry, said a press release. Industries Secretary KM Ali Azam presided over the discussion.

Additional Secretary of the Ministry of Industries Md Zafar Ullah, Director General of Bangladesh Industrial Technical Assistance Centre (BITAC) Anwar Hossain Chowdhury, Project Director of Tools and Technology Institute Dr Syed Md Ihsanul Karim, Joint Secretary of Commerce Ministry Jinat Ara, Deputy Secretary of ERD Abdul Quader, First Secretary of National Board of Revenue (VAT Policy) Kazi Farid Uddin and Deputy Secretary of Financial Institutions Department Mohammad Enamul Haque, among others, joined the discussion.

The meeting also instructed to make necessary proposals with the concerned stakeholders of the industry including BITAC, SME Foundation and BSCIC for inclusion in the budget in the interest of the domestic light engineering industry.

It was informed at the meeting that an initiative has been taken to send a list to Bangladesh Bank to ensure incentives for other small and medium enterprises including light engineering industries which have been damaged due to the corona situation.

In his speech, KM Ali Azam directed BSCIC to form a new cell with high priority on the light engineering industry and to intensify the process of creating master trainers for engineers and workers working in light engineering industries at Dholairpar in old Dhaka.