STAR BUSINESS REPORT

The government has moved to complete the process of plot transfers at the Active Pharmaceutical Ingredient (API) Industrial Park in Gazaria upazila of Munshiganj, as part of efforts to streamline local API production and reduce import dependence.

The Ministry of Industries has issued a gazette notification outlining procedures for transferring plots under the “BSCIC Industrial City/Industrial Park Plot Allocation and Management Policy-2023,” on July 10.

Speaking to The Daily Star on the matter, Md Saiful Islam, chairman of Bangladesh Small and Cottage Industries Corporation (BSCIC), said a list of industrial units interested in either transferring or acquiring plots will be prepared and finalised by the end of this month.

“No further plots will be allocated after this transfer process is complete,” he added.

As per the new instructions, the transfer