Prime Minister Tarique Rahman on Saturday issued a firm directive to government officials to accelerate the revitalization of closed and loss-making state-owned factories by leveraging both local and foreign investment.

During a high-level review meeting held at the Prime Minister's Office, the premier emphasized that the idle industrial infrastructure must be brought back into production to stimulate economic growth.

The PM’s Deputy Press Secretary, Hasan Shiplu, confirmed the directive, noting that the administration is actively pursuing these revitalizations as part of a broader industrial strategy.

The meeting highlighted that several private companies have already expressed formal interest in investing in these dormant facilities.

These companies have submitted specific proposals to establish new industrial units, which are now slated for rigorous feasibility studies to ensure viability.

Addressing the participants, Prime Minister Tarique Rahman insisted that the entire transition and investment process must be conducted with absolute transparency to ensure accountability and public trust.

Directing authorities to streamline the execution, the Prime Minister explicitly instructed officials to eliminate bureaucratic hurdles and unnecessary delays, urging them to finalize the process as swiftly as possible.

This initiative aligns with the government's broader commitment to economic reform and industrial rejuvenation.

The meeting, chaired by the Prime Minister, was attended by key cabinet members and senior officials, including Commerce, Industries, Jute and Textiles Minister Khandakar Abdul Muktadir; State Minister for Jute and Textiles Shariful Alam; Prime Minister's Adviser on Finance and Planning Rashed Al Mahmud Titumir; Bangladesh Investment Development Authority (BIDA) Executive Chairman Ashik Chowdhury; and the Principal Secretary to the Prime Minister, ABM Abdus Sattar. Secretaries of the relevant ministries and senior officials from various organizations under the Ministry of Industries were also present to discuss the roadmap for these factory revivals.