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Prime Minister Tarique Rahman Orders Closed Factories to Reopen by 2026

Prime Minister Tarique Rahman has directed authorities to complete the process of reopening long-shut government-owned factories by 2026 through expedited privatisation initiatives and attracting domestic and foreign investment.

By Staff Correspondent
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PM directs completing process for reopening closed factories by 2026 | News Flash
BSS

Prime Minister Tarique Rahman has directed authorities to complete the process of reopening long-shut government-owned factories by 2026. The directive came during a high-level meeting chaired by the Prime Minister at the Cabinet Division conference room of Bangladesh Secretariat. The meeting focused on the reopening of closed factories and mills, accelerating the privatisation process, and attracting local and foreign investment to bring these industrial units back into operation.

Reviving Industrial Units

The meeting decided to take necessary steps to reopen the long-shut industrial units by removing bureaucratic bottlenecks and expediting the implementation process. The deputy press secretary noted that the meeting also directed relevant agencies to take effective initiatives to ensure a friendly environment to attract investments.

Key Participants

Attendees included PM's Adviser for Finance and Planning Rashed Al Mahmud Titumir, Commerce, Industries and Textiles and Jute Minister Khandakar Abdul Muktadir, State Minister for Textiles and Jute Md. Shariful Alam, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Chowdhury Ashik Mahmud Bin Harun, and senior officials from relevant ministries and agencies.

Source: BSS

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