Bangladesh Expands Industrial Growth, Investment & Global Trade Opportunities
Products by Bangladesh Expands Industrial Growth, Investment & Global Trade Opportunities
About Bangladesh Expands Industrial Growth, Investment & Global Trade Opportunities
The Bangladesh government plans to establish a 400-acre industrial park in Bogura to meet rising demand for industrial facilities among small and medium-sized enterprises (SMEs), Commerce, Industries and Textiles Minister Khandakar Abdul Muktadir said. Speaking as the chief guest at a programme marking the assumption of office by the newly elected board of directors of the Bogura Chamber of Commerce and Industry, the minister said initial development work on the proposed industrial park is expected to begin next winter. According to Muktadir, Bogura has strong potential to emerge as a major industrial and economic hub, particularly as a centre for Bangladesh’s light engineering sector. The government is working to improve infrastructure and create a business-friendly environment to unlock the district’s industrial potential. The minister noted that the existing BSCIC industrial estate in Bogura is already fully occupied, while demand for new industrial facilities continues to increase among SME entrepreneurs. To address the growing demand, the government plans to establish a new BSCIC industrial park on approximately 400 acres of land. He stressed that improving industrial competitiveness will require higher productivity, greater efficiency and lower financing costs. High-interest loans increase production costs and make it more difficult for businesses to remain competitive, he said. The government is also working to improve access to fuel and electricity, simplify gas connections and expand opportunities for low-cost financing for industrial entrepreneurs. The proposed industrial park will provide more than industrial plots and basic infrastructure. It is expected to offer technical training, skilled workforce development, information and technical assistance to help entrepreneurs establish and operate their businesses.
| Business Type | Trading Company |
|---|---|
| Location | Bogura, Bangladesh |
| Address | Bogura Industrial Park |
| Membership Tier | Free |
| Verification | Verified |
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