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The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Standing Committee on Rehabilitation of Sick Industries convened its inaugural meeting at the FBCCI office recently, in which, the owners recounted the government’s formation of a high-powered task force in 2009 to address industry rehabilitation and debt settlement.
Subsequently, a circular was issued for a factory debt relief scheme, yet owners lamented their inability to exit due to bank non-cooperation.
Despite their weakened state, banks have pursued legal action against defaulting owners, hindering their ability to embark on new ventures. Consequently, owners are turning to the Prime Minister for assistance.
FBCCI president Mahbubul Alam, attending as the chief guest, pledged to engage the government on vital proposals, notably the implementation of exit facilities for industries.
The committee’s chairman, Sadek Ullah Chowdhury, along with committee director Rezaul Karim Reznu, FBCCI senior vice president Amin Helaly, committee director Abu Motaleb, Hafez Haji Harun-or-Rashid, Kawsar Ahmed, former director Najibur Rahman, and committee co-chairman were all in attendance.
Their presence underscored the collective urgency to address the plight of sick industries in the country.
Fibre2Fashion News Desk (DR)