Cabinet approves automobile industry development policy
Bangladesh Business Finance Latest

Cabinet approves automobile industry development policy

The cabinet meeting was held at the Jatiya Sangsad Bhaban on Monday (June 14) under the chairmanship of Prime Minister Sheikh Hasina. During the meeting, the cabinet approved the draft of “Automobile Industry Development Policy 2021” to develop the domestic industry by acquiring skills in the automobile sector and ensuring necessary facilities.

At the end of the meeting, the Cabinet Secretary said, “We see a possibility to develop the automobile industry here.” We need to develop this industry for our personal needs. We will not only import in the amount of movement and work that is being done, that is why we are trying to develop something ourselves. There are a lot of things going on that are being thought of to bring them in a systematic way. That is why this automobile industry has brought development policy.

The cabinet secretary quoted the Japanese ambassador in Dhaka as saying that a famous Japanese company has shown interest to make their brands in Bangladesh.

Besides, the cabinet gave the final approval to the draft of the “Delimitation of Constituencies Bill, 2021” seeking to formulate an act to replace a military regime-era ordinance in line with the court’s judgment.

“The proposed law has been designed aiming to make an act instead of the existing Delimitation of Constituencies Ordinance 1976,” said the cabinet secretary.

No major change was brought to the draft law, he added.

The cabinet also cleared a proposal for accepting the membership of OIC’s Women Development Organisation (WDO) as well as ratification and signing of the WDO Statute to this end.

Related posts

India started the World Cup journey with a win

Shopnamoy Pronoy

The 14th session of the parliament is sitting today

engmtnews

Bay Terminal Master Plan Finalized, Construction Set to Begin for Capacity Expansion

Zayed Nahin

Leave a Comment