Industrial Policy 2005

Industrial Policy 2005 - INDUSTRIAL POLICY 2005 Objectives...

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INDUSTRIAL POLICY 2005
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Objectives To set up planned industries and discouraging unplanned industries. Accept private initiatives as the main driving force of economic development and uphold the government’s facilitating role. Arrange for state-owned industrial enterprises to be sold/transferred/leased or administered in any other way by the Privatization Commission or concerned ministries in order to accelerate the privatization process.
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Chapter 3:Policy Strategy 1. Full utilization of current production capacity 2. Provide special facilities as well as infrastructural support to Cottage and Small and Medium Enterprises (SME) 3. Provide financial, technical, technological and infrastructure facilities to developing agro-based industries. 4. Properly utilize the natural and mineral resources in the country 5. Use solar power and municipal refuse to generate electric power in order to run small and cottage industries. 6. Assist backward linkage industries on a priority basis. 7. Consider the readymade garment and textile industries as a priority sector.
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Policy Strategy cont. 1. Consider the readymade garment and textile industries as a priority sector 2. Provide necessary assistance to value added linkage industries and sub-contracting industries. 3. Provide assistance to waste management development 4. Strengthen and ensure efficiency in import substitution industries to meet increased local demand. 5. Inspire well-proportioned industrialization across the country by providing incentives, wherever necessary. 6. Conduct a survey to determine the demand in the local market of goods produced in sick industries as a primary step towards the rehabilitation and development of those industries.
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Policy Strategy cont. 1. Provide incentive to various institutions that are concerned with technological and technical efficiency enhancement, side by side with human resources development. 2. Remove policy discrimination, if any, between domestic and foreign investments. 3. Privatize non-profitable industries in the state sector quickly and in phases. 4. Provide all-out assistance to create a strong capital market . 5. Give preference to infrastructural development including ports, power, transport and communications, and human resources development.
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Policy Strategy cont. 1. set up industrial parks for number of publicly managed industrial enterprises that have already been sold and transferred to private owners. et up industrial parks . 2. Develop planned industrial areas by establishing Special Economic Zones in areas with vast economic potentials. 3. Bring about the country’s industrial development in line with different agreements with the World Trade Organization (WTO) 4. Consider highly developed technology-based seed breeding, production and development, and agricultural goods processing activities as industries. At the same time, take strong steps regarding the diverse use of jute.
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Policy Strategy cont. 1.
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This note was uploaded on 04/22/2011 for the course BBA BUS 203 taught by Professor Kakter during the Spring '11 term at BRAC University.

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Industrial Policy 2005 - INDUSTRIAL POLICY 2005 Objectives...

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