Govt to set up modern light engineering park in future
DHAKA, MAR 3: Industries minister Dilip Barua, on Wednesday, announced to set up a separate modern light engineering industrial park for the smooth growth of the sector. “The industries ministry is working relentlessly to set up a modern light engineering industrial park in association with the help of Bangladesh Small and Cottage Industries Corporation (BSCIC) and Bangladesh Engineering Industry Owners Association (BEIOA) under PPP (Public-Private Partnership),” the industries minister said.
Dilip Barua made the comment while speaking as the chief guest at the inaugural ceremony of the Second International Engineering and Industrial Technology Tradeshow (BIET 2011) at the Bangabandhu International Conference Centre (BICC) onWednesday.
Bangladesh Engineering Industry Owners Association (BEIOA) and India-based ASK Trade and Exhibitions, jointly organised the four-day long trade expo at the BICC premises, along with the Solar Power Expo and KRISHI Bangladesh.
The inaugural ceremony of the expo was presided over by the BEIOA’s president Abdur Razzaque, while president of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), AK Azad, and chairman of Bangladesh Small and Cottage Industries Corporation (BSCIC), Fakrul Islam, addressed the ceremony as the special guests.
Grasping the economical importance of the light engineering industry, Barua said, the government has already given recognition to the sector by including the sector in the industrial policy as a thrust sector.
The exporters of light engineering products are enjoying 10 per cent cash incentive to boost the export earning, Barua added. “Our home made light engineering products have a colossal demand in the US market as the US importers have already expressed keen interest in importing light engineering products from Bangladesh,” the minister said.
“I believe the Second International Engineering Products and Technology Tradeshow BIET-2011 will play a meaningful role in disseminating the local light engineering products as well as the event will help the entrepreneurs of the sector in introducing with the world’s latest technology,” he said.
Terming the acute shortage of gas and electricity as a major obstacle to the industrialisation process, FBCCI president AK Azad said that I can take the responsibility of private sector if gas and electricity problems are resolved.
The foreign investment would be increased in Bangladesh if the government assures of smooth supply of gas and electricity, he said.
BEIOA president Abdur Razzaque said that the trade show will help our sector and members to modernise and expand by sourcing the new machinery and parts being displayed at the fair.
A total of over 100 industries from Bangladesh, India and China are taking part at the event to display the latest technological advancements of industrial and engineering equipment, materials, services and technologies in related fields, from Bangladeshi and foreign companies, organisers said.
The show will be open for visitors from 10am to 8pm everyday.