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President to award 13 units for industrial development

Thirteen industrial units under six categories will receive ‘President’s Award for Industrial Development 2016’ for their contribution to the economy on 22 May.

Bangladesh has 42,792 industrial establishments, 41 percent of which are micro-type manufacturing units, 37 percent small, 14 percent medium and 8 percent large.

President to award 13 units for industrial development

President Abdul Hamid will distribute the awards to the winners at a ceremony for the ‘President’s Award for Industrial Development’ at Osmani Memorial Auditorium in Dhaka, said a senior official of Commerce Ministry.

He said that the awards will be given under six categories this year instead of five, with the inclusion of the ‘micro-industry’ category, which has been included in the list for the first time. With that, the six industrial categories to be recognized will be large, medium, small, micro, cottage, and hi-tech.

Fariha Spinning Mills from Narayanganj will receive the first position award in the large industry category, while Spectra Engineers Limited and Envoy Textile Limited will be awarded for the second and third positions respectively in this category.

BRB Polymer Limited, Chittagong Denim Mills Limited, Basumati Distribution Limited will be awarded the first, second and third prizes correspondingly in the medium-sized industry category.

In the small industry category, the winners are Runner Automobiles from Mymensingh, Oco-Tex Limited from Gazipur and Abul Industries, in that order.

Alongside, Smart Leather Products will be the lone company recognized in the new micro-industry category.

Super Star Electrical Accessories Limited from Narayanganj and Service Engine Limited from Dhaka will be awarded under the hi-tech category, and lastly, Karupanno Weaving Factory will be the lone awardee in the cottage industry category.

According to the Commerce Ministry, the awards will be based on guidelines framed in 2013 by the ministry to encourage entrepreneurs to set up industries and infuse innovation and creativity and encourage overall contribution of firms to the industrial sector.

The guideline says tax, loan and bill defaulters will not be eligible for recognition while the industrial entrepreneurs who are guilty of criminal offenses in court or have any pending case will be disqualified.

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