Government to hold roadshows to attract investment in closed, loss-making factories

The government is set to organise roadshows to attract domestic and foreign investment into closed and loss-making state-owned factories, aiming to revive dormant industrial units and improve overall efficiency.

The decision was taken at a meeting held on Thursday (June 4) at the Cabinet Division in the Secretariat on the “operation and management of closed factories under the Ministry of Industries.” The meeting was chaired by Prime Minister’s Principal Secretary Tareq Rahman.

Officials said necessary preparations have been instructed to be completed within the current month to launch the initiative.

According to Prime Minister’s Office Deputy Press Secretary Hasan Shiplu, senior officials from the Ministry of Industries and other concerned agencies presented detailed briefings on the current status, challenges, and potential of closed and unprofitable state enterprises.

The meeting also directed relevant authorities to take effective steps to restart closed factories and transform loss-making entities into profitable ventures. Special emphasis was placed on attracting both local and foreign investment.

Officials said expert committee recommendations are being considered as part of a broader plan to ensure sustainable operations of the affected industries.

Among those present at the meeting were Khondaker Abdul Muktadir, Rashed Al Mahmud Titumir, Ashik Chowdhury, and ABM Abdus Sattar, along with senior officials from the Ministry of Industries.

The government expects that the planned roadshows will help boost investor confidence and pave the way for the revival of long-idle industrial units.