Prime Minister emphasizes export rather than remittances to earn foreign currency

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Prime Minister Sheikh Hasina today stressed the need to focus on exporting to earn foreign exchange instead of relying on remittances.

“We need to focus more on export to earn foreign exchange instead of relying on remittances only,” she said.

The Prime Minister also asked all concerned to diversify local products to explore new markets abroad.

She was inaugurating 24 Technical Training Centers (TTCs), including Bangabandhu Sheikh Mujib Centennial TTC at the upazila level, joining virtually from her official residence in Ganabhaban.

The Bureau of Manpower Employment and Training (BMET) held the ceremony at the city’s Osmani Memorial Auditorium.

“We must take initiatives to earn foreign currency by making local products multi-dimensional to find new overseas markets,” she said.

The prime minister said some people in the country make illogical comments and spread rumors about the foreign exchange reserve, adding that it is common for the reserve to be larger or smaller.

“I believe that having a reserve of foreign currency is enough to buy food for three months,” she continued.

But, she said, Bangladesh needs to reduce its reliance on other countries for consumer goods and food.

“We can make good use of the people and fertile land we have. We need to modernize the food preservation process and largely establish food processing industries,” the prime minister said.

In this way, demand from local markets would be met and locally produced products could be exported to earn foreign exchange, she added.

Minister of Expatriate Welfare and Overseas Employment, Imran Ahmad, Chairman of his Parliamentary Affairs Committee, Lawyer Anisul Islam Mahmud, Secretary Dr. Ahmed Munirus Saleheen and Director General of BMET, Md Shahidul Alam, took the floor on this occasion.

A documentary on the TTCs was screened at the reception.

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