Industry

210. BNP shall formulate an industrial sector friendly policy to attract domestic and foreign investment. Countrywide integrated industry infrastructure shall be developed on the basis of three basic variables popularly called 3 I’s – Incentive, infrastructure, institution. The Board of Investment and all other related institutions shall be strengthened and their efficiency enhanced through adopting rational policy and strategy. Initiatives will be taken to bring to Bangladesh overseas industrial units that are being relocated after proper scrutiny.

211. A strategy of building less land intensive industries, especially service industries will be adopted considering land scarcity in Bangladesh.

212. The success that have been achieved in the RMG sector will be maintained and further expanded and initiative will be taken to diversify the industrial sector, and Bangladesh shall be turned into a land of sustainable industrially developed country. 

213. The process of establishing industrial parks and special economic zone in different important spots of the country will be accelerated. The private sector will be given assistance for setting up all types of promising industrial units. Small, medium, and labour intensive industries will be given special support. 

214. Export-oriented industries will be established, while industries for local market capable of competing with foreign products will also be setup; and private initiative will be given incentives for this purpose.

215. Heavy industries will be setup along with small and medium industries.

216. Initiatives shall be taken to establish Precision industries.

217. Small and medium enterprises will be given all out support. Venture capital shall be made available at easier terms. The scope of start-up fund for medium enterprises will be expanded. They will be given technical advice, interest at lower rate, and various other incentives.