Bangladesh to Reopen Closed Factories, Boost Employment

In a significant move to bolster the nation's economy and address rising unemployment, Prime Minister Tarique Rahman has unveiled a comprehensive plan to revitalize Bangladesh's industrial sector. The government's primary focus is on the gradual reopening of closed factories, a strategic initiative aimed at creating much-needed employment opportunities for the country's jobless workforce. This proactive approach underscores the administration's commitment to economic recovery and inclusive growth.

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We have taken steps to restart factories that were shut down in previous years. I have instructed all concerned authorities to assess how quickly each factory can be reopened to create employment opportunities for jobless workers. A meeting on the matter will be held this week.

Prime Minister Rahman has personally directed all relevant authorities to conduct swift assessments of the feasibility and timeline for reopening these dormant industrial units. This directive signals a sense of urgency and a clear mandate to expedite the process. A high-level meeting is scheduled for this week to deliberate on the matter, indicating that the government is prepared to allocate necessary resources and overcome any bureaucratic hurdles to achieve its objectives.

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If workers are well, Bangladesh will be well. If farmers are well, Bangladesh will be well. That means Bangladesh will prosper only when the country’s working people prosper.

Beyond reactivating existing facilities, the government is actively pursuing avenues to stimulate new investment. Discussions are underway with both local and international investors to encourage them to establish new factories within Bangladesh. This dual strategy—revitalizing old industries while fostering new ones—is crucial for creating a sustainable job market and ensuring that the benefits of economic progress reach all segments of society. The Prime Minister's emphasis on the prosperity of workers and farmers as the bedrock of national well-being highlights a people-centric development philosophy that resonates deeply within the nation.

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We removed them because they were causing traffic congestion and public inconvenience. However, we also understand that they have families, and they need to survive. Therefore, we have instructed the authorities concerned that eviction alone is not enough; their employment must also be ensured.