The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeUS Hosts G20 Summit on 'Energy Abundance' Amid Global Tensions Over IranEuropean Leaders Gather to Develop Arctic Strategy Amidst Escalating Global TensionsCanada's Prime Minister Carney Seeks Closer Ties with Europe Amid US TensionsZahid Calls for BNP Unity and Discipline to Win Local Government Elections2026 Nazrul Dance Festival Concludes with Vibrant Performances2026 Scout Adventure and Scout Day Festivities Held in ManikganjSix Confirmed Dead, 129 Missing Following Ferry Capsizing in IndonesiaJatiya Sangsad Speaker Hafiz Uddin Ahmad accuses Awami League of stealing reservesZabihullah: AI Adoption Crucial for Bangladesh's Productivity and CompetitivenessBangladesh Announces Major Tech Investment to Modernize Healthcare SystemPrime Minister Tarique Rahman Orders Measures to Boost Agricultural Production and Reduce Import DependenceNazim Highlights Kaptai Lake's Crucial Role in CHT LivelihoodsThousands Rally in Nairobi to Protest Kenya's President RutoFrench Interior Minister Calls for Caution Amid Investigation of Train DerailmentBangladesh Jatiyatabadi Mohila Dal Celebrates 48th Anniversary in Rajshahi

Titumir: Agricultural Development Key to Bangladesh's $1 Trillion Economy by 2034

Finance and Planning Adviser Rashed Al Mahmud Titumir highlights government initiatives to transform Bangladesh into a $1 trillion economy by 2034 through agricultural development.

By Staff Correspondent
Share
'Agriculture Hub' helps to build $1 trillion economy by 2034: Titumir | News
BSS

Finance and Planning Adviser to the Prime Minister, Rashed Al Mahmud Titumir, announced that the government's main goal is to ensure equitable regional development. A special refinancing fund of Taka 3,000 crore has been allocated for the development of agriculture and agro-products in North Bengal, aiming to create an 'Agriculture Hub' in the region. This initiative is expected to play a crucial role in transforming Bangladesh into a $1 trillion economy by 2034.

Government Initiatives and Investment Climate

Titumir spoke at the Rajshahi Regional Conference on Agro Processing, emphasizing that the government is not directly engaging in business but is creating an investment-friendly environment. He noted that various financial assistance and refinancing schemes worth about Taka 60,000 crore are in operation through the coordination of the government and Bangladesh Bank (BB).

Digitization and Infrastructure Development

To encourage investment, the interest rate has been kept between 5 and 9 percent, which, in the context of current inflation, can be considered a form of negative interest rate. The government is also digitizing the entire process from obtaining a license to setting up a factory, reducing bureaucratic complexities through a 'Single Window' service. Additionally, the railway line is being converted to dual gauge to ensure uninterrupted connectivity from Panchagarh to Chattogram or Mongla port.

Agricultural and Industrial Potential

Titumir highlighted the potential for new industries through the use of local resources such as potatoes and mangoes. He expressed hope that a major change in the investment climate will be visible by next December through policy continuity, equity in the tax structure, and the removal of bureaucratic complexities.

Why This Matters for Bangladesh

The development of an 'Agriculture Hub' in North Bengal is crucial for Bangladesh's economic growth. By focusing on agricultural and agro-processing sectors, the government aims to create a sustainable economic model that can support the nation's ambition to become a $1 trillion economy by 2034. This initiative not only promotes regional development but also enhances food security and creates employment opportunities, contributing to overall economic stability and growth.

Source: BSS

FAQ

What is the main goal of the current government according to Titumir?
The main goal is to ensure equitable regional development.
What is the target year for Bangladesh to become a $1 trillion economy?
The target year is 2034.

Topics

Comments

Related stories

More in Economy

See all →

Latest stories