Bangladesh government has decided not to privatize the state-owned enterprises
(SoEs) as the privatization program in the past has failed to achieve its
objectives, Industries Minister Dilip Barua said Saturday.
He, however, said there would be review of cases relating to the SoEs that are
Explaining the salient features of the draft industrial policy 2009 at a workshop organized jointly by the Ministry of Industries and the United Nations Development Program (UNDP) at a city hotel, Mr. Barua said "The SoEs privatized earlier were supposed to run smoothly. But it did not happen. So, we will no more allow privatization of the existing SoEs," he said.
The Industries Minister said that the SoEs in the past had been privatized with the hope that those would run efficiently under new management and help generate additional employment opportunities.