The government of Bangladesh is preparing an incentive framework to encourage investment, according to Prime Minister’s Economic and Planning Adviser Dr. Rashed Al Mahmud Titumir. He made the statement on Monday night after a discussion meeting on industrialization prospects in Panchagarh district, held at the Deputy Commissioner’s conference room.

Dr. Titumir said that previous administrations had not taken initiatives to generate employment through investment in the northern region, despite its potential. The current government, committed to achieving regional balance, is therefore designing various incentive structures to promote investment. He emphasized that the government is committed to providing necessary tax benefits and financial support to investors.

He added that the government aims to reopen closed factories, including sugar mills and jute mills, and called on entrepreneurs to invest in agricultural and agro-processing industries in Panchagarh to foster significant growth in the sector.