Government nominates 20 companies for President’s Industrial Awards

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Last year, the government released a policy to recognize industries and encourage investment and innovation. Photo: star/file

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Last year, the government released a policy to recognize industries and encourage investment and innovation. Photo: star/file

Twenty industries are to receive the “President’s Industrial Development Award” for their contribution to the country’s industrialization, job creation and overall economic development, according to a notification issued by the Ministry of Industry on August 10. .

It would be the sixth time that the Ministry of Industry rewarded entrepreneurs for their industrialization efforts.

Like last year, the Ministry of Industry will recognize industries in six categories: large, medium, small, craft, micro and high-tech.

Last year, the government released a policy to recognize industries and encourage investment and innovation.

Of the 20 companies, motorcycle maker Runner Automobiles and Incepta Pharmaceuticals jointly lead the large industry category.

BRB Cable Industries came in second with Fariha Spinning Mills while Envoy Textiles came in third, according to the notification.

“We accept this recognition with grace and humility,” said Abdul Muktadir, President and CEO of Incepta Pharmaceuticals in his immediate reaction.

“We are working to bring vaccines, new medicines and biological products to benefit the people of our country. We will be able to manufacture and supply medicines at affordable rates which will be imported into our country,” he said. he declares.

In the medium industry category, Noman Terry Towel Mills, a Noman Group company, and Mascotex were jointly named winners. APS Design Works came in second while Bengal Polymer Wares and Auko Tex jointly came in third.

Masco Overseas and Masco Dairy Enterprise were named the top winners in the small and micro industries categories.

Abdul Jalil and Pacific Sea Food came second while Madhabdi Dying and Finishing finished third. In the cottage industry category, the smart card won first prize. Rong Mela Nari Kalyan Sangstha came third.

In the high-tech industry category, Fair Electronics, which assembles Samsung smartphones, comes out on top. Mir Telecom and Service Engine secured the second and third positions respectively, according to the notification.

“It is a reflection of our constant efforts. Credit goes to our young talents in the organization who made my vision a reality,” said Mohiuddin Monem, President of Service Engine, a leading business process outsourcing company in Bangladesh.

Service Engine has been on the list for a few years.

Monem appreciated the government’s initiative to recognize the efforts of entrepreneurs outside the garment sector, the largest export earning sector. This will encourage diversification, he said.

Zanendra Nath Sarker, additional secretary at the Department of Industry, said they plan to award winners from 2020 and 2021 at a gathering in October or November this year.

“We are in the middle of the selection process for the 2021 winners. We expect to finalize the 2021 winners by the end of this month or early next month,” he said.

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