Minister of Textiles and Jute Khandaker Abdul Muktadir said there is no scope for a dramatic rise in bus fares or essential commodity prices solely because of higher fuel prices.
He made these remarks at 11am on Saturday while visiting a knit industrial village established on the site of the Chittaranjan Cotton Mill in Godnail, Narayanganj.
During the visit, he urged new investors to move away from “fuel-intensive factories” and instead focus on establishing “less fuel-intensive factories” in the future.
He added that electricity is distributed to private-sector industrial factories immediately after production. Therefore, it is not the case that production has been hampered, and exports have decreased solely because of fuel. Rather, a mild global trend in exports is also a major determining factor.
Khandaker said industries have already been established on two of the Bangladesh Textile Mills Corporation (BTMC) industrial plots, and it is set to take over two more plots. Regarding the remaining plots, he acknowledged that there are some local encroachment issues.
He assured that these problems would be resolved swiftly in the coming days to arrange for investment in every industrial plot.
Accompanying the minister during the visit were State Minister of Textiles and Jute Md Shariful Alam, Chairman of the BTMC Brig Gen SM Zahid Hassan, Project Director (PPP) of the BTMC Kazi Feroz Hossain, Deputy Chief Accountant Rafiqul Islam, Deputy Commissioner of Narayanganj Md Raihan Kabir, and Managing Director of Barnali Collection Limited Aminur Rahman.
