Committee working on developing new plots

The high-powered committee at the Ministry of Industries (MOI) formed on the instruction of the Prime Minister to finalise proposals on setting up new industrial parks on excess land of seven state-owned enterprises (SOEs) considered several options at its first meeting Wednesday last.

Official sources having access to the committee told the FE Monday that six of the seven SOEs listed in the Prime Minister's Office letter belong to Bangladesh Chemical Industries Corporation (BCIC).

The committee has given it (BCIC) two weeks time to come up with concrete proposals on how those industries can be revived as most of them are closed or else the decision should be left to the committee.

"If they can run the industry they will retain an appropriate area of land, if they can't, they will be asked to relinquish their control on the land," said a senior member on the committee.

He said the BCIC official at the meeting suggested that they may be able to revive some of the SOEs by carrying out BMRE and other restructuring. It may also set up two urea plants in Khulna and Pabna at the site of the closed newsprint paper mills.

He said the committee has primary reservations on such claims but decided to wait until the next meeting to see whether the BCIC comes up with practical workable proposals in this regard.
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