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Protection to industrial sector sought

By Staff Correspondent
Politicians and journalists at the second session of a two day seminar Monday stressed the need for adequate protection to the Industrial sector of the country to help ft emerge smoothly
The session presided over by Dr Iqbal Mahmud, was addressed among others by Tofael Ahmed MP. Enayetullah Khan. Salahuddtn Qader Chowdhury, Ahmadul Kabir, Moudud Ahmed MP, Abid Hassan and Nazrul Islam Khan, Moazzem Hossain, Deputy Editor of the Dally Telegraph presented the key-note paper of the seminar, titled "Policy
Options for Economic Break Through."
Enayetullah Khan, Chief Editor and Proprietor of the United News of Bangladesh (UNB) advocated In favour of the free-market economy and also said that It should be some how protected' to salvage the focal industries from
"Pure capitalism is absent even in Japan,' he said, adding that the Taiwan and Korean pattern of economy, which achieved tremendous success tn leading the countries towards productivity, could very well be followed by the policy-
makers of Bangladesh
Regarding the present gov ernment's policy of privatisation he said the government should keep in mind some factors in implementing the policy including Improvement performance and efficiency of the units before privatisation, ensured discipline In the industrial sector and widen the ownership-range of the Industrial units by selling out the shares among the public through share markets.
He also felt that the prfeatl satlon more should be iniple-mented on selectively enter prise-wise' basts through iden-
tifying the priority areas "Change of ownership does not guarantee efficiency of a par ticular unit," he reminded the executors of the privatisation policy, adding the government should bring changes In the existing market structure.
Enayetullah Khan was highly critical of the imposition of various conditionalities like elimination of tariff by the donor countries while sanctioning loans under Industrial Sector Adjustment Credit (1SAC) and said that accepting such conditions would suicidal for private enterprises
Jatlya Party Leader Barrister Moudud Ahmed stressed the need for political commitment to streamline the private industrial sector of the country and suggested that specified guidelines should be made to implement the policies like privatisation.
National Democratic Party leader Salahuddin Qader Chowdhury said, "Tariff protection Is a absolute necessity but the degree of the protection should obviously be defined.”
The NDP leader also stressed the need for privatisation of the hospitals and the educational Institutions besides privatisation of the industrial sectors.
Awaml League leader Tofael Ahmed stressed the need for an all-time communication between the government, opposition political parties and business community to ensure participation of all concerned.