The government will no longer focus on expanding industrial production capacity through direct investment in new state-owned factories, instead encouraging greater private sector involvement in industrial management and investment.
Commerce, Industries and Textiles & Jute Minister Khandker Abdul Muktadir announced the shift during a review meeting at the Secretariat on ongoing, unapproved and proposed projects under the Annual Development Programme (ADP) for 2026–27.
He said the government may participate as a partner or shareholder in industrial ventures where necessary and justified. Muktadir added development projects should not be judged merely by the amount of money spent.
He stressed that every project must be assessed based on its contribution to the economy, employment generation, productivity growth and public welfare.
“Transparency, accountability and the optimal use of public funds must be ensured at every stage of project approval and implementation,” he said.
The minister said project selection and implementation should focus on actual outcomes rather than only fund utilisation.
State Minister for Planning Md Zonayed Abdur Rahim Saki said project selection should prioritise expected outcomes, feasibility and long-term impact instead of focusing only on budget size and expenditure.
He stressed the need to ensure that development benefits reach people while maintaining strict compliance with project timelines, budgets and quality standards. The meeting reviewed the progress of various industrial and textile projects, including implementation status, financial management, production capacity and future effectiveness.
Discussions also covered plans to renovate ageing state-owned factories and expand partnerships with the private sector.
State Minister for Textiles & Jute Shariful Alam said modern technology, efficient management and market expansion were essential to making Bangladesh’s textile and jute sectors more competitive.
He also stressed the importance of preserving the country’s traditional heritage while developing these industries.
The meeting highlighted the economic and cultural significance of the handloom industry.
Participants recommended providing low-interest loans, easier financing facilities and modern management support to small entrepreneurs and weavers.
The meeting also discussed initiatives to expand domestic and international markets for Tangail Saree and promote the preservation, research, production and commercial development of Muslin.
The meeting was chaired by Khandker Abdul Muktadir and attended by State Minister Shariful Alam, State Minister Md Jonaid Abdur Rahim Saki, ministry secretaries, senior officials, representatives of relevant agencies and project directors.
