Speakers in a workshop emphasized adopting policy for plastic and light engineering as these products see a higher export growth along with increasing use of such products. They came up with remarks at a validation workshop to finalize the export roadmaps on plastic and light engineering sectors jointly organized by the ministry of commerce business initiative leading development (BUILD) in collaboration with IFC-WBG prepared the roadmaps. Tapan Kanti Ghosh, senior secretary, ministry of commerce attended the program as the chief guest. He said the ministry of commerce endorsed the projection of BUILD for the plastic sector roadmap to be the 40th largest exporter by 2030. READ: Speakers emphasise zero tolerance of corruption to encourage entrepreneurs In order to meet the target, he asked the stakeholders regarding the needs to support since the Government is keen to see higher export growth through relevant policy interventions. Tapan Kanti mentioned that Vietnam attracts a significant portion of foreign direct investment (FDI) enhancing its light engineering and bicycle export. After 2026 when Bangladesh will graduate from LDC status, the government will not extend cash subsidies but provide support in the forms of research, knowledge, logistics, and so on, he said. “Bangladesh needs to shift its product concentration to sectors like light engineering so that it can gradually move upwards in its industrialization pathway. As Bangladesh will upgrade from being the 43rd largest economy to 25-26th economy in 2030, greater FDI may be attracted and the ease of doing business may be gradually improved, along with proper factor analysis, the projected target for 2030 can be upgraded,” Tapan Kanti. READ: Kurigram sets an example in reducing child marriage: Speakers Refering different projections of the light engineering sector, Commerce Senior Secretary said considering the global export of 700 trillion, economic situation, supportive policies extended by the government and the target of perspective plan to be a developed country, there is a need for alternative projections. He suggested BUILD to revisit the target considering the global issues and economic development.