ISLAMABAD: Bangladesh Minister of Commerce, Industry, Textiles, and Jute Khandaker Abdul Muqtadir said national policies would be reformed to increase foreign investment in the country’s jute sector, Bangladesh local media reported on Wednesday.
Speaking with officials at the secretariat in Dhaka, the minister said, “People are now increasingly interested in natural and biodegradable products.” He added, “policies will be reformed to increase foreign investment in jute sector.”
The minister said jute has had a historical connection with the country’s heritage.
“We must highlight our competitive mindset, capacity, and advantages globally to attract foreign investors,” the State Minister for Textiles and Jute Md Shariful Alam said on the occasion.
“Everyone must work in unity in accordance with the government's directives,” he added.
Bangladesh local media reported that he stressed the need for coordinated efforts to position Bangladesh’s jute industry more effectively in international markets.
Earlier, textiles and jute secretary Bilquis Jahan Rimi presented an overview of the ministry’s overall activities, Bangladeshi media reported.
Additional secretaries Arifur Rahman Khan, Subrata Shikdar, Raina Ahmed, along with senior officials and employees of the ministry and heads of its subordinate departments and agencies, were present on the occasion.
The ministers represent Tarique Rahman’s new cabinet following the Bangladesh nationalist party's victory in the recent elections.
According to local media, both Abdul Muktadir and Shariful Alam have extensive experience in their respective industries and have been associated with politics, business, and trade sectors for a long time.
