Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1048 Mon. May 14, 2007  
   
Business


Arbitration body soon for rehab of sick industries


The government will form an integrated arbitration committee for framing necessary laws to rehabilitate as many as 3,769 sick industries and also to resolve prevailing problems in this regard.

The committee to be formed soon will comprise, among others, representatives of the sick industries of all sectors to make suggestions to the government for rehabilitation .

On the basis of their suggestions, the government will enact a law to resolve these long lasting problems in the country's industrial sector.

A decision to this effect was taken at a meeting of the leaders of the Bangladesh Sick Industries Association with the Industries Adviser Geeti Ara Safiya Chowdhury in the chair. Additional Secretary of the Ministry Md Ayub Mia was also present.

President of the association Chowdhury Mohammad Ishaque led a delegation in the meeting.

"The government will take every possible steps to rehabilitate the sick industries," the adviser said and asked the association leaders to represent the industry in a single body to assist the ministry in this regard.

"The entire industry sector as a whole should be represented in the committee, so the recommendations to be made by it could resolve the problems of all sick industries," she said.

Geeti Ara assured the association leaders of considering, in principle, their demand for allocating Tk 300 crore in the upcoming budget to provide assistance to the sick industries.