Industries Adviser Adilur Rahman Khan on Saturday said the country’s sugar industry cannot return to profitability through subsidies alone and stressed the need for strong local and foreign investment to revive the sector.
He made the remarks while talking to reporters after visiting Natore Sugar Mill and Uttara Ganabhaban.
Adilur said the government is working to attract investments and positive developments are expected in the sugar sector either during the tenure of the incumbent government or the next one.
The adviser said sugar imports remain suspended now as the government will decide on importing sugar only after the stocks preserved are sold.
Locally produced sugar is currently being marketed through the TCB, he said.
The adviser said that discussions are underway to hold a meeting of the Council of Advisers at Uttara Ganabhaban as per tradition.
Natore Deputy Commissioner Asma Shaheen, Superintendent of Police Muhammad Abdul Wahab and other officials were present.
