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Barua narrates success stories in industrial sector

Star Business Report
The contribution of the industrial sector to the national economy increased by 2 percentage points in the last four years, Industries Minister Dilip Barua said yesterday.
The sector's contribution to GDP reached 30 percent which was 28 percent before the present government came to power, he said.
Barua spoke to reporters on the government's achievements in the last four years at his office in Dhaka.
“The industrial sector's 2 percentage points more contribution to GDP is not insignificant compared to the size of the economy,” the minister said, adding that the services sector has developed a lot since the Awami League-led alliance formed the government in January2009.
The contribution of the industrial sector is bigger in the neighbouring countries, as they have big economies, he said.
Six state-owned fertiliser companies now produce 10 lakh tonnes of fertiliser a year, down from their production capacity of 18 lakh tonnes due to a severe gas crisis, which compelled the government to depend on imports to meet fertiliser's demand at home, he said.
The government purchases urea fertiliser atTk41 akgandsellsitatTk20akg,hesaid.
Barua hopes the relocation of tanneries from the city's Hazaribagh to Savar is possible within one year as the work of the central effluent treatment plant is progressing swiftly.
The government may start the relocation work within a month to generate electricity from the wastage of leather industries as the project is now pending in the planning ministry, he said.
The making of geographical indication (GI) law is at the final stage now, the minister said. The passage of the law will help protect the intellectual property rights of hilsa fish, fazli mango and jamdani sari, he said.
In absence of GI law in Bangladesh, India has already registered some Bangladeshi items using the law.
The industries ministry has formulated industrial policy 2010, salt policy 2011 and the guideline for ship breaking industry, he said.
The ministry set up assembling plants of Pajero Sports Jeep and Japanese Honda and took steps to establish special economic zones for local and foreign investors, he said.