Panel formed to develop defence industry

By Beyond Headlines

Business - -

Source: Facebook / Bangladesh Army

The government has formed a high-powered committee to guide the development of the country’s defence industry and promote exports of defence equipment.

Prime Minister Tarique Rahman will head the 11-member National Defence Industry Committee, according to a notification issued by the Cabinet Division earlier this month.

Other members include the finance, industries and commerce ministers, the adviser to the defence ministry, the chairman of the Bangladesh Investment Development Authority, the chiefs of the army, navy and air force, the principal staff officer of the Armed Forces Division and the defence secretary.

The move comes as the government considers setting up a defence industrial zone to develop domestic military production, reduce reliance on foreign suppliers and achieve long-term self-sufficiency.

In July, responding to a question from Akhter Hossen, a lawmaker from the National Citizen Party, in parliament, the prime minister said the government had taken various initiatives to develop the domestic defence industry, encourage technological innovation and promote research.

Earlier, in January, the interim government decided to earmark 850 acres of land in Mirsarai, Chattogram, for a Defence Industrial Zone. 

The initiative aims to strengthen domestic military production capacity and tap into the growing global defence manufacturing market.

According to the latest Cabinet Division notification, the committee will guide the planning and development of the defence industry and issue directives for implementing its recommendations.

It will also provide policy guidance on the production and export of defence equipment.

The committee will oversee the formulation and implementation of short- and long-term plans and assess the need for defence equipment production and research at different levels.

It will also advise the government on setting up a full-fledged Defence Industry Division.

The committee may co-opt additional members if necessary, the notification said.

Source: The Daily Star

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