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PM opens BAT Expo ’92

Success in garments sector singular
Prime Minister Begum Kha Ieda Zia Wednesday said the government had taken up policies of free market economy to inspire and strengthen the private sector, reports BSS.
She said her government was giving emphasis on the export-oriented industries since the focal point of "our economic policies is expansion of export trade."
Begum Zia was inaugurating a three-day Bangladesh Apparel and Textile (BAT) Expo 92 at Sonargaon hotel here Wednesday morning.
The function was also addressed by Commerce Minister M K Anwar, Commerce Secretary Nazim Ahmed Chow-
dhury, Vice-Chairman of Export Promotion Bureau (EPB) Walful Islam and President and First Vice-President respectively of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) Mohammad Musharraf Hossain and L F Azim.
Referring to the facilities given to the exporters for boosting economy, the Prime Minister said that exporters were getting better benefits than in the past. "We have made provisions of incentives for foreign investors which were hitherto absent in the country." she said.
Begum Zia said the Export Processing Zone in Chittagong is vibrating as a result of the
work generated there. She said the country was earning Taka 1.05 billion annually out of the forty one units in the EPZ. "Another 14 units will start functioning very soon." she said
The Prime Minister referred to her recent visit to the United States and said that she had observed keen Interest among the Investors to invest in Bangladesh. "Similar eagerness Is being s^iown by investors from other countries as well." she said
She stressed the need for absolute peace and stable at mosphere in the industrial zones.
Dwelling on the garment sector in the country. Begum Zia said that the success achieved by Bangladesh tn a brief period of fifteen years had earned 'us acclaim throughout the world.' Quoting a number of renowned economists. she said Bangladesh would soon turn into the economic power house in South Asia if it could reflect similar success in other sectors.
She said garment sector letches about 44 per cent of Bangladesh's total export earnings She said the garment sector was contributing remarkably to the social uplift by generating employment to women who compromised 85 per cent of the total workforce employed in the sector.
Begum Zia said the gar l ments sector had Imbibed the I women with the spirit of self- I confidence "We want to ensure our national development through equal participation of men and women," she said.
The Prime Minister said al though readymade garments sector Is contributing remarkably to the economy, the textile sector is yet to find a sound footing She said the extensive use of locally available fabrics tn exportable readymade garments would hasten the process of growth of the textile sector
She said her government would welcome any acceptable proposal for increased use of local fabrics in exportable readymade garments.
Referring to the restriction Imposed by some Importing countries, she said this had af-
fected Bangladesh's export. She said efforts were underway to integrate to textile trade under GATT.
She said despite constraints In the International market Bangladesh succeeded tn expanding export trade "We have consolidated our position In the markets of the USA and EEC countries," she said.