The visit comes as the first to be followed by a series of factory visits by the Private Sector Development Core Group (PSDCG), under the World Bank-led multi-donor Bangladesh Private Sector Development Support Project (PSDSP).Board of Investment (BOI) director Mamdood Hossain Alamgir, also coordinator of PSDCG, termed the first visit to the factory 'very productive' and said it was an eye-opener for the delegation.He said PHP that uses 70 per cent local raw materials is the role model for local entrepreneurs.The core group on completion of the factory visits will give inputs for designing the policy paper of the PSDSP and help in expediting the private sector development agenda for Bangladesh.
The BOI is the implementing agency.
The aim of the proposed PSDSP, scheduled for a 2006 start, is to help Bangladesh's private sector enhance its competitive strength and successfully meet the challenges of the changing global economic scenario. Speaking on the occasion, PHP Group managing director Mohammad Mohsin said the visit is recognition of the achievement of the company. "The visit testifies to the quality and standard of our products." PHP Float Glass Industries Ltd which went into commercial production recently is capable of producing 54,000 tonnes of glass a year, enough to meet domestic demand. Craig Wilson of South Asia Enterprise Development Facility (SEDF) accompanies the delegation.