Govt to provide policy support to local entrepreneurs to strengthen economy: PM
The agreements were signed between the Bangladesh Jute Mills Corporation (BJMC) and the two business groups.
Prime Minister Tarique Rahman today (11 August) assured local entrepreneurs of necessary government support to encourage investment and create employment as part of efforts to improve people's socio-economic conditions and strengthen the country's economy.
"Alongside political rights, it is essential to ensure the economic empowerment of the people. The government will provide all necessary policy support to encourage local entrepreneurs to invest and create employment," he said.
The prime minister made the remarks while speaking at an agreement-signing ceremony at the secretariat for leasing out three closed state-owned jute mills to two private business groups.
Keep updated, follow The Business Standard's Google news channel
Under the agreements, PRAN-RFL Group will take over the National Jute Mills Ltd in Sirajganj and Star Jute Mills Ltd in Khulna, while HAMKO Group will take over Platinum Jubilee Jute Mills Ltd in Khulna.
He said a state becomes strong when the economic capacity of the people is ensured.
Tarique said, "No state can become strong by keeping the common people in poverty or silencing their mouths. They want to build a country where everyone will get a better life, and it is his government's main goal and objective."
Promising continued government support for local entrepreneurs, Tarique Rahman said helping them invest and create jobs will improve people's livelihoods as well as the overall economic situation.
"If we can support the entrepreneurs, it will create employment and ensure people's livelihoods on the one hand, while it will improve the overall economic situation on the other hand," he said.
The prime minister said the government wants to build a country where everyone can enjoy a better life, describing it as the government's main goal and objective.
Emphasising the importance of domestic investment alongside foreign investment, he said the government welcomes foreign investment but also needs to encourage local investors and entrepreneurs.
Tarique also said the government will provide whatever policy support they need for their business and investment.
Noting that the government's policies are aimed at creating opportunities for people from all walks of life, Tarique Rahman said the government has been working to build a nice and strong country with cooperation from everyone.
He thanked the two business groups – PRAN-RFL Group and HAMKO Group – for taking responsibility for the three jute mills.
The prime minister expressed optimism that the companies will succeed with their new investments and contribute to the country's economy by creating employment opportunities.
The government signed lease agreements to reopen three long-closed state-owned jute mills under private management, with an estimated investment of Tk 619 crore and the potential to create at least 11,629 jobs.
