STAFF CORRESPONDENT

Prime Minister Tarique Rahman yesterday directed officials to simplify the project approval process to attract both local and foreign investment.

He also assured necessary support for investors interested in government-owned mills and factories that have remained closed for years.

The directives came at a meeting held at the Prime Minister’s Office at the Secretariat, according to the PM’s Press Wing.

The meeting reviewed the current condition of closed mills and factories under the Ministry of Textiles and Jute and discussed steps to reopen them.

Tarique said the government is committed to creating an investment-friendly environment. “To achieve this goal, the existing complexities in the investment process must be removed,” he said.

A senior official present at the meeting said the prime minister also stressed easing access to loans to boost private investment in closed government mills and factories, asking the ministers concerned to take swift and effective steps.