The Parliamentary Standing Committee on the Ministry of Industries held its first meeting on Thursday, underscoring the need for ensuring transparency, accountability and efficiency in implementing the ministry’s budget, while calling for the timely completion of development projects.
The committee also stressed the proper utilisation of budget allocations, enhancing the competitiveness of the industrial sector, promoting entrepreneurship and improving the quality of public services through coordinated efforts by all agencies under the ministry.
The meeting, held at the Jatiya Sangsad Bhaban, was chaired by committee chairman Md Abul Kalam.
Members reviewed the organisational structure of the Ministry of Industries, the budget for the 2026-27 fiscal year, expenditure plans and the progress of ongoing development activities.
Officials informed the meeting that the ministry currently oversees 14 organisations, comprising four corporations, six departments and agencies, two boards and two foundations.
These institutions play a key role in industrialisation, industrial management, quality control, technological advancement, skills development and the promotion of cottage, micro, small and medium enterprises (CMSMEs).
During the budget presentation, the committee was told that the allocation for the Ministry of Industries for FY27 stands at Tk 1,691.90 crore.
Of the total allocation, Tk 361.02 crore has been earmarked for operational expenditure, while Tk 1,330.88 crore for development expenditure.
The operational budget includes allocations for the ministry’s secretariat, the Office of the Chief Inspector of Boilers, the Department of Patents, Industrial Designs and Trademarks (DPDT), the National Productivity Organisation (NPO), the Bangladesh Small and Cottage Industries Corporation (BSCIC), the Bangladesh Industrial Technical Assistance Centre (BITAC), the Bangladesh Institute of Management (BIM) and the Bangladesh Accreditation Board.
The committee also reviewed the progress, budget allocations and expenditure plans for ongoing development projects being implemented by the Bangladesh Chemical Industries Corporation (BCIC), BSCIC, BITAC and the Bangladesh Standards and Testing Institution (BSTI).
The projects include the establishment of industrial parks and industrial estates, warehouse construction, technology modernisation, laboratory upgrades, expansion of training infrastructure and other initiatives aimed at strengthening the country’s industrial sector.
The committee urged all organisations under the ministry to work in a coordinated manner to ensure effective implementation of the budget and development programmes.