Industry Ministry organized an award ceremony to distribute the ‘President’s Award for Industrial Development 2017’ at the Hotel Intercontinental in Dhaka on Saturday where President Abdul Hamid handed over the awards.

Different textile factories showed identical performance among other industries to grab the award. Government has initiated some recognition process to encourage the businessmen for a positive economy.
Defining business a noble profession, President Hamid said, “Business has been given special importance in Islam. But due to some dishonest businessmen, the reputation of honest and good businessmen is being tarnished.”
He said, “You [entrepreneurs and businessmen] are respected in society. Your role and contribution to the socio-economic development of the country is highly appreciated. We feel proud when we see ‘Made in Bangladesh’ products at superstores in Europe and America”.
He also warned them to be more aware of adulteration and fraudulence saying that,
“Do not cheat the buyers. Stay away from adulteration and fraudulence. The government is always open to co-operating with honest entrepreneurs. On the other hand, the government will be bound to ensure strict punishment for dishonest businessmen.”
The awards were distributed in 6 different categories among 14 industrial units where most of the units were from the textile sector.