Prime Minister Tarique Rahman has directed officials to simplify the project approval process to attract both domestic and foreign investors. He also assured necessary support for those willing to invest in long-closed state-owned mills and factories. The directive came during a meeting held on Monday at the Prime Minister’s Office in the Bangladesh Secretariat, focusing on the current status and future plans for closed textile and jute mills under the Ministry of Textiles and Jute.

During the meeting, an official noted that lengthy approval times and complex inter-departmental permissions discourage investors. In response, the Prime Minister instructed that unnecessary ministerial or departmental approvals be removed from the process. He emphasized that the government is committed to creating an investment-friendly environment and that reducing bureaucratic hurdles is essential to achieving this goal.

The Prime Minister also highlighted the need to make loan access easier for private investors interested in reviving closed state-owned factories and directed relevant ministers to take prompt and effective measures in this regard.