The Government of Bangladesh has identified 44 closed, loss-making or partially operating state-owned industrial enterprises for private sector participation in order to revitalize idle assets, attract new investments and support industrial diversification, according to local media reports. or foreign investments, joint ventures, public-private partnerships, lease and lease agreements, or other strategic models, with ownership remaining with the state.
The plants are operated by five state-owned corporations, including Bangladesh Steel and Machinery Corporation (CHES), Bangladesh Chemical Industry Corporation, Bangladesh Sugar and Food Industry, Bangladesh Textile Factory and Bangladesh Jute Factory. Potential investment areas identified by the government include green steel, electric vehicles, lithium batteries, packaging paper, agro-processing, textiles, chemicals, logistics, and renewable energy.
In addition, the BSEC is looking for investors for the proposed green steel plant in Bogur through a joint venture or a public-private partnership structure. Several business groups have shown tentative interest in the project, although no official commitments have been made yet.
