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Bangladesh to be middle-income country before 2021: Tofail

  • Sun Online Desk
  • 2nd October, 2015 11:10:32 PM
  • Print news
Bangladesh to be middle-income country before 2021: Tofail
Commerce Minister Tofail Ahmed

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Commerce Minister Tofail Ahmed on Friday said Bangladesh will emerge as a middle-income country before 2021 as there will be sector-wise effective initiatives to boost the national productivity.

 

“Bangladesh is moving fast towards economic prosperity while developed countries are considering Bangladesh a development miracle,” he told a seminar titled ‘Increased Productivity for Achieving Vision 2021’.

 

The seminar was organised by the National Productivity Organisation (NPO) of the Industries Ministry at Cirdup auditorium marking the National Productivity Day, UNB reports.

 

Mentioning that at least 5 crore people in the country have graduated to middle-income group from the low-income one over the last couple of years, the Commerce Minister said poverty in Bangladesh has been reducing due to various initiatives taken by the ruling Awami League, and the poverty margin will come down to 10 percent by 2021.

 

Talking about future foreign investment in the country, he said a proposal to establish a special economic zone in Chittagong got government approval recently where Chinese investors will invest to boost industrial productivity.

 

Besides, a garment industrial park will be established in Munshiganj with a $4-billion Chinese investment which will strengthen industrial productivity, he added.

 

Additional research director of Centre for Policy Dialogue Dr Khondaker Golam Moazzem presented the keynote at the seminar while NPO director Dr Nazrul Islam, productivity specialist Rupali Biswas and M Fazlul Karim also spoke at the programme.

 

Earlier in the day, The National Productivity Organization (NPO) brought out a colorful rally marking the National Productivity Day.

 

The rally started from the Osmani Memorial Auditorium in the morning and paraded various streets in the city, said a handout.

 

Industries Ministry acting secretary Sushen Chandra Das led the rally while Industries Ministry additional secretary Jamal Abdul Naser, Bangladesh Sugar and Food Industries Corporation Chairman AKM Delwar Hossain, officers, employees of the ministry and its various departments, owners and workers of various industries took part in the rally.