The government moved to expand Bangladesh Industrial Technical Assistance Center (BITAC) in six districts to create more skilled manpower to cater to global and local industrial needs.
Executive Committee of the National Economic Council (ECNEC) on Tuesday cleared a Tk 11.33 billion project to six more BITAC centres in Gopalganj, Barishal, Sunamganj, Rangpur, Jamalpur and Jashore.
The scheme is aligned with the 8th five-year plan that focuses on creating a bunch of skilled workforce for manufacturing, construction and modern service sector targeting the fourth industrial revolution.
Once implemented, it will help in development of SMEs, industrialisation and employment generation.
BITAC will execute the project by June 2025 and the whole money will come from the state coffer, the planning minister informed.
The government is going to set up a Urea Formaldehyde-85 (UF-85) facroty with 80 tonne daily production capacity at Fenchuganj, Sylhet to lower import dependency at a cost of Tk 7.24 billion. The environment-friendly scheme is expected to speed up industrialization process in the country and the setting up on import-substitute industries.
In total, the Ecnec meeting approved 10 projects involving Tk 46.21 billion, of which Tk 30.55 billion will come from the state coffer and Tk 15.66 billion as project assistance, Mannan told reporters.
The main goal of this project is to provide assistance to improve the standard of life, alleviate poverty and achieve sustainable economic growth of the people affected by erosion along the Jamuna and Padma rivers.
Tk 13.30 billion of the project cost will come as loan from the Asian Development Bank (ADB), while Tk 151.56 crore from the Netherlands government as project assistance. The rest will come from government funds.
The project will be executed in Bera, Shahjadpur, Belkuchi, Chouhali, Tangail Sadar, Nagarpur, Daulatpur, Harirampur and Shibalaya upazilas of the four districts -- Pabna, Sirajganj, Tangail and Manikganj.
Approved new projects also include Sylhet Region’s Agricultural Development through modern technology with Tk 2 billion and Climate Smart Agriculture and Water Management (CSAWM) (DAE Part) with a fund of Tk 1.07 bilion.
The five revised projects are Netrakona-Bishiura-Iswarganj Road Development (1st revised) with additional cost of Tk 2.20 billion, Construction of Bangladesh Telecommunication Regulatory Commission Bhaban (1st revision) with additional cost of Tk 590m, Construction of 16 Regional Passport Offices (1st revision) with additional cost of Tk 310m and construction of 17 regional passport offices and vertical extension of 4 passport offices.
Two other revised projects are Sheikh Hasina Cantonment Barishal Establishment (1st revised) with additional cost of Tk 3.31bn, Widening the Approach Road and development of other necessary infrastructure of Bangabandhu Sheikh Mujib Safari Park, Gazipur (3rd revised) with an additional cost of Tk 430m.