Commerce Minister Tipu Munshi, MP, said that light engineering is an important and promising sector of small and medium enterprises in Bangladesh. The government has taken special initiatives to make this sector export oriented.
The Commerce Minister made the remark while speaking at a national level consultative workshop titled ‘Formulation of Light Engineering Industry Development Policy’ organized by the Business Promotion Council and Bangladesh Engineering Industry Owners Association under the Ministry of Commerce in the conference room of the Commerce Ministry at the Secretariat in the capital on Sunday.
During his speech as the chief guest he also said, “Prime Minister Sheikh Hasina has declared the light engineering industry as the Product of the Year-2020. Light engineering has huge potential. There is a huge market in the country and huge demand for this product abroad. It is possible to export abroad by meeting the domestic demand”.
The Commerce Minister said if this industry is export oriented, many jobs will be created in this sector. To increase the number of export products of the country, a project called Export Competitiveness for Jobs (EC4J) is being implemented with the assistance of the World Bank to enable the export sectors of light engineering, ICT, plastics, agriculture and leather, he added.
Tipu Munshi further said, “The government wants to move ahead in a planned manner with the advice of the entrepreneurs of this sector. In line with the Fourth Industrial Revolution, the formulation of light engineering industry development policies is failing.
Therefore, the businessmen of this sector need sincere cooperation and initiative”.
The Minister added that there are ample employment opportunities in the light engineering sector by creating a workforce with specific and effective skills. The export market will expand as a result of production of new products and diversification of products. Everyone involved in this industry must come forward.
Secretary of the Ministry of Commerce Tapan Kanti Ghosh, FBCCI President Md. Jasim Uddin, Additional Secretary (Exports) and EC4J Project Director Md. Hafizur Rahman were present as special guests at the programme.
Engineer Mohammad Habibur Rahman, Technical Adviser, Bangladesh Engineering Industry Owners Association, presented the draft policy on the subject at the workshop.
Joint Secretary of the Ministry of Commerce and Co-ordinator of the Business Promotion Council Abdul Rahim conducted the programme while, President of the Bangladesh Engineering Industry Owners Association Md. Abdur Razzak gave the welcome speech. The workshop was attended by industry owners and representatives as well as officials of various departments concerned in the sector.