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Minister looks to IT for price control

Khan backtracks on TCB remark

Star Business Report
Commerce Minister Faruk Khan yesterday sought cooperation of IT professionals in developing a "price portal" to control the market for basic commodities efficiently.
Speaking to the leaders of Bangladesh Association of Software and Information Services (BASIS) at the Secretariat, Khan said the price portal would help people know about the market situation.
The portal will help consumers know about the quantity of products, prices, stock levels as well as supply chain, he said.
In an apparent climbdown on his previous statement on the Trading Corporation of Bangladesh (TCB), the minister said the government would reactivate the state-run corpora-
tion.
"We must reactive the TCB for a smooth functioning of the market. We are moving ahead with our plans to reactivate it," he said. Khan on January 18 said he has no plan to reactivate the TCB.
Khan promised to step up the process of establishing the software park in the city's Mohakhali area.
He said he would find out why it is taking so long to establish the software park as initiatives were taken long ago. The minister will visit the site for the proposed software park in 15 days.
Khan said he would try to open a new IT desk in Bangladesh commercial counsel offices abroad to increase the export volume of software and other IT related products.
BASIS President Habibullah N Karim said the
software developers and exporters want to raise the annual export volume of IT products to $500 million in five years from the present $25 million.
Karim suggested that the government make a roadmap for IT development and develop human resources focusing on e-governance and e -commerce.
In another meeting earlier in the day, the minister promised to the terry towel and linen manufacturers that all the problems in the sector will be solved.
Anisuzzaman, chairman of Bangladesh Terry Towel and Linen Manufacturers and Exporters Association, urged the government to enhance the cash incentive to 20 percent for the terry towel exporters and remove the problems in gas bill payment.