20 industrial establishments of 6 categories have received the ‘President’s Industrial Development Award 2021’.

In recognition of the contribution of the industrial sector to the national economy, creating incentives, encouraging creativity and setting up industries in the private sector, creating employment and making significant contributions to the country’s economy, the Ministry of Industry has awarded the ‘President’s Industrial Development Award 2021’ to 20 industrial establishments of 6 categories. Industries Minister Nurul Majid Mahmud Humayun attended as the chief guest at Osmani Smriti Auditorium in the capital on May 23, Thursday, 2024 and awarded crests and honor certificates to the owners/representatives of industrial establishments. Minister of Agriculture was present as a special guest in the awarding ceremony under the chairmanship of Zakia Sultana, senior secretary of the Ministry of Industry. Md Abdus Shahid and FBCCI President Mahbubul Alam. In the speech of the chief guest on the occasion, the Minister of Industries said that the current government’s contemporary plans and policies and taking effective steps have resulted in significant and visible development in the industry. Besides, they are being encouraged by recognizing the important contribution of businessmen and industrial entrepreneurs in the national economy. As a part of such creative initiatives, the Ministry of Industries has been regularly awarding ‘Bangabandhu Sheikh Mujib Industry Award’, ‘President’s Industry Development Award’, ‘CIP (Industry) Card’, ‘Productivity and Quality Excellence Award’ etc. He said, such recognition will motivate industrial entrepreneurs to achieve excellence in the products produced in their respective factories. Following this example, new industrial entrepreneurs will also be motivated to improve the quality of their products and establish world-class industries. As a result, quality industrialization will accelerate in the country. The minister said that political stability is one of the conditions for economic development. As it has been in place for the past 15 years, economic development has accelerated with rapid industrialization. He said, Bangladesh itself is a big market. In order to increase the demand of Bangladeshi products in the domestic market as well as in the global market, we have to focus on the production of quality products. At this time, the minister called on our industrialists to work with honesty and sincerity in producing world-class quality products. Nurul Majid Mahmud Humayun said, under the direction of the Prime Minister, 31 traditional products of Bangladesh, including Tangail Saree, have already been given GI certificate. A ten-year ‘National Productivity Master Plan’ has been formulated to increase productivity at the national level. The Minister said that ‘National Industrial Policy-2022’ and ‘SME Policy-2019’ have been formulated to speed up the process of industrialization including setting up modern and up-to-date industrial factories. He said that under the direction of Prime Minister Sheikh Hasina, the Ministry of Industry is working to set up new industrial factories, modernize old factories and replace machinery to continue the dynamism in the industrial sector with a focus on labor intensive industrialization. If the ongoing march of development in the industrial sector continues, Bangladesh will become an industrially rich state before the scheduled time. In the speech of the special guest, the Minister of Agriculture Dr. Md. Abdus Shahid said, despite the enviable success in agricultural production, we are lagging far behind in the processing, storage and export of agricultural products. About 20-30% of our produced vegetables and fruits are wasted due to less processing facilities and lack of storage. As a result, farmers are affected, consumers are also affected. He said, annual export of our agricultural products is only about one billion dollars. But the potential here is very high, it is possible to earn billions of dollars every year by exporting agricultural products. At this time, he called upon industrialists and businessmen to increase investment in the agricultural sector of the country. In the President’s speech, Zakia Sultana, Senior Secretary of the Ministry of Industry, said that the Ministry of Industry is providing necessary sponsorship and policy support to entrepreneurs to achieve the goal of sustainable and knowledge-based industrialization. Besides, initiatives have been taken to establish a world-class industrial database and an industrial university. He said, in the light of the current government’s election manifesto-2024 under the slogan ‘Smart Bangladesh: Development is visible, employment will increase’, the Ministry of Industry has formulated the ‘Work Plan 2024-2028’ as the first ministry among all ministries/departments. Through this, the Ministry of Industry will play an important role in the implementation of the election manifesto of the government. The senior secretary said that the ‘National Logistics Policy 2024’ has been formulated recently under the overall supervision of the Prime Minister’s Office. It provides all directions for establishing a developed, prosperous and smart Bangladesh by 2041 by achieving national growth targets and increasing trade and investment capacity. I believe that ‘National Logistics Policy 2024’ will further accelerate the process of industrialization. According to the classification of industrial establishments, a total of 20 industrial establishments/entrepreneurs of 06 (six) categories are being awarded this award. These are – 06 in Large Industry Category, 03 in Medium Industry Category, 04 in Small Industry Category, 03 in Micro Industry Category, 03 in Cottage Industry Category and 01 in Hi-Tech Industry Category. Ecotex Ltd., Pran Dairy Ltd. jointly stood first in the large industry category. and Mir Akhtar Hossain Ltd., Square Food and Beverage Ltd. became 2nd, Snowtex Outerwear Ltd. jointly became 3rd. and Square Toiletries Ltd.