PM Hasina urges for local investment in the economic zones

Bangladesh Prime Minister Sheikh Hasina on Sunday urged local businesses to make investments in the country's 100 economic zones (EZ) in addition to foreign investment.

"We are setting up 100 economic zones across the country. We are inviting investments there. But we do not only want foreign investments, but also want domestic investments there," the Premeier said.

The prime minister said this while inaugurating the weeklong 11th National SME Product Fair to showcase locally made products from small and medium enterprises at the Bangabandhu International Conference Center (BICC), jointly organised by the Industries Ministry and SME Foundation.

She said that of the total 100 economic zones the government has so far allocated lands for up to 80 economic zones.

"I think that from the SME Foundation or those who are entrepreneurs can avail lands in these economic zones alone or with partnership basis to set up their industries there," she said.

Hasina said that along with mechanisation of agriculture the government is putting emphasis on food production, agricultural products production which will contribute to the economy, and industrialisation based on that.

"If there is no industrialisation no employment will be created and we won't be able to advance further. So We have to focus on industrialisation," she said.

She said that huge small mechanical parts will be needed for the mechanisation of agriculture for which the government is providing various types of facilities.

She said that if proper training are provided it will be possible to produce those mechanical parts which can also be exported to many countries.

"It will create a market in our own country with the increase of our purchasing capacity," she said.