Industries Minister wants to eliminate delays in fund disbursement in shipbuilding industry

The Industries Minister said that the number of entrepreneurs and the scope of institutions in this industry are still limited. Therefore, when determining the financing system, importance must be given to the real needs and capacity of entrepreneurs. Alongside direct disbursement of funds through Bangladesh Bank, financing through designated banks or financial institutions can also be considered. Along with easy financing, ensuring effective institutional support is also essential.

He emphasized building effective partnership between the public and private sectors for the long-term development of the shipbuilding industry. The Industries Minister said that although private management is considered more efficient globally, during the transitional period of developing this industry, orderly and accountable institutional management is needed. Under public management, financial discipline, transparency and proper use of resources can be ensured.

He further said that the goal of the shipbuilding industry should not be limited to immediate profit. Rather, the sector's larger economic potential must be harnessed by achieving competitiveness in the international market and increasing export earnings. For this, importance must be given to creating new entrepreneurs, engaging the next generation with the industry, and building a professional corporate culture.

The Industries Minister also highlighted the need to create an effective bridge between the public and private sectors to increase the investment and business capacity of private entrepreneurs. He said that the participation of the private sector must be strengthened by utilizing the institutional capacity and discipline of public institutions. To this end, he called upon entrepreneurs of the shipbuilding industry and all relevant stakeholders to work in a coordinated manner.

The meeting was attended by Industries Secretary Abdun Naser Khan, Managing Director of Khulna Shipyard Limited Rear Admiral Md. Abdul Latif, senior officials of the Ministry of Industries, and owners of shipbuilding-related institutions.