19 industrial units receive President’s Industrial Development award

A total of 19 industrial units on Monday received the President’s Industrial Development Award 2018 under six categories for their outstanding contribution to the national economy.

Among the winners, four belonged to the large industries category, four to the medium industries category, three small, three micro, three cottage and two hi-tech industries.

Industries Minister Nurul Majid Mahmud Humayun handed over the awards as the chief guest at a ceremony held at Sonargaon Hotel. State Minister for Industries Kamal Ahmed Mojumder and Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Sheikh Fazle Fahim attended the event as special guests.

Industries Secretary KM Ali Azam presided over the award ceremony, according to a press release.

In his speech, Nurul Majid Mahmud Humayun said the industries ministry is providing necessary policy support to entrepreneurs for achieving the goal of sustainable and knowledge-based industrialisation.

“Considering the changed situation of world economy, we have taken initiatives to formulate a National Industrial Policy 2021 for achieving Sustainable Development Goals [SDGs] and Vision 2041. Preparation has already started.

“In addition, a world-class industrial database and an industrial university have been set up,” he stated.

He said a planned and time-bound roadmap for the development of light engineering industry is already being prepared.

Kamal Ahmed Mojumder called upon the business community to stop the trend of rising commodity prices through syndicates and artificial crises.

“There is an adequate supply of all kinds of daily necessities, so there is no reason to raise prices,” he said.

He also advised the awardees to expand the export market of domestic products by ensuring quality of products.

British American Tobacco Bangladesh took the top place under the large industry category followed by Incepta Pharmaceuticals, Energypac Engineering and Olympic Industries.

From among medium industries, Tafrid Cotton Mills came in first, Sheltech Technology and ECHOTEX jointly second and Envoy Fashions third.

Under the small industry category, Concept Knitting took the lead followed by APS Design Works and Summit Oil and Shipping Company.

TRIM TEX BANGLADESH secured first position among micro industries with Masco Overseas and Crimson Rosella Seafood respectively following suit.

Classical Handmade Products BD secured first position in cottage industry category, Intelligent Card second and Rupkatha Jubo O Mohila Unnayan Sangstha third.

Among those in the high-tech industry, Servic Engine was selected for the first position and Metatude Asia the second. There was no third place in this category.