PM Hasina stresses industrialisation without affecting food production

Prime minister Sheikh Hasina addresses the 34th meeting of the board of governors of Bangladesh Export Processing Zones Authority at the Prime Minister’s Office (PMO) in Dhaka on Tuesday. Photo: PID
Prime minister Sheikh Hasina addresses the 34th meeting of the board of governors of Bangladesh Export Processing Zones Authority at the Prime Minister’s Office (PMO) in Dhaka on Tuesday. Photo: PID

Prime minister Sheikh Hasina on Tuesday stressed industrialisation not only relying on the agriculture to generate more employment, promote exports and socioeconomic development of the country.

“Since Bangladesh is a country which is largely dependent on agriculture, we will have to go for industrialisation alongside the agriculture to generate more employment, promote exports and ensure socioeconomic development of the people,” she said.

The prime minister said this while giving an introductory speech at the 34th meeting of the board of governors of Bangladesh Export Processing Zones Authority (BEPZA) at the Prime Minister’s Office (PMO) in the capital.

Sheikh Hasina, also the chairperson of BEPZA Board of Governors, presided over the meeting.

The prime minister simultaneously put emphasis on giving special attention to increase food production, saying, “We will have a look at the matter that food production doesn’t decrease as the demand for food never ends rather increases with soaring up of population”.

She also asked the authorities concerned to set up industries by taking all initiatives to protect the environment and said, “We’ll have to go for industrialisation by protecting the environment.”

Praising the role of BEPZA for attracting foreign direct investment and for industrialisation, she asked for giving further attention to this end.

Describing Bangladesh as the most lucrative destination for investment, the prime minister gave credit to the youth work force, prolonged political stability and continuation of the democratic process for this.

“Bangladesh has become the attractive destination for investment as we have been able to maintain political stability, continuation of the democratic process and developed a vast youth work force,” she added.

The prime minister further said, “We need to make youth work force more efficient by training them properly.”

Turning to special economic zones, she said 100 special economic zones are being set up across the country.

BEPZA’s executive chairman major general SM Salahuddin Islam gave a presentation on the activities of the regulatory body and progress on the implementation of decisions taken in its previous (33rd) meeting of the board of governors.

Foreign minister AK Abdul Momen, home minister Asaduzzaman Khan, industries minister Nurul Majid Mahmud Humayun, textiles and jute minister Golam Dastagir Gazi, state minister for power, energy and mineral resources Nasrul Hamid, state minister for shipping Khalid Mahmud Chowdhury and state minister for labour and employment Begum Monnujan Sufian were also present on the occasion.

PM’s principal secretary Md Nojibur Rahman moderated the function while PMO secretary Sajjadul Hassan, PM’s press secretary Ihsanul Karim and concerned secretaries were present.

As many as 10 issues, including fixation of the agenda for the 35th meeting of the BEPZA board of governors, progress on implementation of the decisions taken in the 33rd meeting, re-fixing the rate of rent for industrial plot and factory buildings at EPZ, and retrospective approval of the MoU signed between BEPZA and BEZA to set up “BEPZA Economic Zone” at Mirsharai upazila in Chattogram district, came for the discussion in the meeting.

The meeting also discussed several others issues including setting up of an EPZ in Jashore district for socio-economic development of the southwestern region of the country, building “Rangpur Export Processing Area” at Sahebganj inside Rangpur Sugar Mill, introducing pension instead of gratuity for the permanent officers and employees of the BEPZA, use of three training centres, dormitory and other equipment of a project titled “Northern Areas Reduction of Poverty Initiative (NARI) and giving allocation of the industrial plots and factory buildings to the investors at the Adamzi EPZ alongside giving allocation of 10 plots reserved for production of the export oriented jute goods among the investors at the EPZ.

The meeting was apprised that eight EPZs (Export Processing Zones) built only on 2307 acres of land have been playing an important role in booming the country’s economy in the last 10 to 12 years with contributing 19-20 per cent in national export and 20-25 per cent in foreign investment.

The numbers of industries have increased to 475 from 195 in the last 10 years due to the government’s investment friendly policies. The total investment in the EPZs now stands at $ 5.09 billion which was only $ 1.51 billion in 2009.

It was also informed that as many as 521,561 people have been employed at the EPZs which was only 203,447 in 2008. Sixty six per cent employees working in the EPZs are female. The total export from the EZP is now $ 7.52 billion which was only $ 2.58 billion in 2008-09 fiscal.