President Abdul Hamid yesterday urged business leaders to manufacture a more diverse product line while ensuring quality to meet the challenges of the Fourth Industrial Revolution.
He made the appeal in a recorded video speech which was screened at the “President’s Industrial Development Award-2019” at the Osmani Memorial Auditorium in Dhaka. A total of 19 companies were honored in six categories.
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The President said that against the backdrop of the Fourth Industrial Revolution, the application of new technologies was increasing around the world and industrial products produced in the country faced fierce competition in international trade.
“Multifaceted concepts must be applied in industrial production to keep pace with local and international business trends without being dependent on a particular product or service sector,” he said.
Speaking of productivity, he said, “The efforts and efficiency of workers are essential to increase productivity… For this, a friendly owner-worker relationship is very crucial.
Hamid said that employment was very important for development, but that it was not possible for the government alone to provide jobs for the huge population. “Domestic and foreign investments are mandatory to create huge employment opportunities,” he observed.
Highlighting various government development plans, he said the government is working to create 100 economic zones for domestic and foreign investors.
“It aims to create employment opportunities for 10 million people with a target of additional export revenues of $ 40 billion,” he said.
Congratulating the winners, he urged them to pay attention to environmental protection while contributing to industrialization.
“I hope they will make Bangladesh an industrialized country by embarking on the trend of environmentally friendly industrialization,” said the president.
Industry Minister Nurul Majid Mahmud Humayun said the ministry is providing the necessary patronage and political support for entrepreneurs to achieve knowledge-based and sustainable industrialization.
“Taking into account the evolution of the situation of the world economy and the Sustainable Development Goal (SDG) 2030 and Vision 2041, we are working on the formulation of a national industrial policy 2021”, he said. he said, highlighting various government development activities.
In addition, a world-class industrial database and industrial university was established and a planned and timely roadmap for the development of the light engineering industry was already being prepared, he said. added.
The prizes were awarded in recognition of contributions to the private sector, job creation and the country’s economy at the initiative of the Ministry of Industry.
Of the 19 companies, the first prize was awarded jointly to BRB Cable Industries and British American Tobacco Bangladesh (large industry), Bengal Polymer Wares (medium industry), Prome Agro Food (small industry) and Masco Dairy Enterprise (micro-industry) .
The same prize was awarded to CORR-The Loot Works (cottage industry); and Walton Hi-Tech Industries (high tech industry).
The awards ceremony was supposed to take place in 2020 but has been postponed due to the pandemic.