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Special
Correspondent: President
Mirza Fakhrul Islam Alamgir on Monday called for realistic and integrated policy
support to address the longstanding problems of Bangladesh’s textile industry
and help the sector compete effectively in the global market.“To take
the country’s textile sector forward, it is necessary to ensure realistic and
integrated policy support for Bangladesh’s industrial enterprises, like those
in competing countries,” he said.The
President made the remarks when a 22-member delegation of the Bangladesh
Textile Mills Association (BTMA), led by its President Shawkat Aziz Russell,
met him at Bangabhaban today.President’s
Press Secretary Sarwar Alam briefed reporters about the meeting.The
President appreciated the significant contribution of the textile sector to
Bangladesh’s economy, particularly its role in generating employment and
earning foreign currency.“The
textile sector plays a very important role in the country’s economic
development and employment generation,” he said.He
assured the BTMA leaders of providing necessary support and advised them to
raise the sector’s problems and demands with the government’s policymakers with
due importance.Referring
to the country’s economic challenges, Mirza Fakhrul said Bangladesh had not yet
been able to take its economy to the desired level even after 55 years of
independence due to various factors, including political instability.He said
the assumption of responsibility by a democratic government had created a new
opportunity to rebuild and strengthen different sectors of the economy.The
President urged the country’s business leaders to work together to make the
best use of the opportunity and contribute to economic development.He also
expressed concern over the impact of the ongoing conflict in the Middle East on
developing economies like Bangladesh.“The
energy crisis has emerged as the biggest problem at present,” he said, noting
that no significant initiative had been taken in the past to explore and
extract the country’s own gas and energy resources and ensure long-term energy
security.He said
the government was continuing its sincere efforts to address the country’s
energy crisis.During
the meeting, BTMA President Shawkat Aziz Russell highlighted the textile
industry’s contribution to the national economy and briefed the President on
various initiatives taken for the development of the sector.He also
apprised the President of the initiatives taken for the textile sector during
the tenure of Shaheed President Ziaur Rahman and former Prime Minister Begum
Khaleda Zia, alongside the current problems and challenges confronting the
industry.The BTMA
delegation also discussed issues related to the import of cotton yarn and
protection of domestic textile mills.The
association leaders emphasized maintaining the National Board of Revenue’s
decision to withdraw bond facilities for the import of 10–30 count cotton yarn
and allowing such yarn imports through bank guarantees.They
argued that the measures were important for protecting domestic textile mills
amid the challenges facing the industry.
The
President’s secretaries and senior government officials were present at the
meeting.