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Government wants to build a $1 trillion economy by 2034: Prime Minister

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Government wants to build a $1 trillion economy by 2034: Prime Minister
The government has set a target to transform Bangladesh into a $1 trillion economy by 2034, Prime Minister Tareq Rahman said. To achieve this goal, maximum importance is being given to investment, industrialization, export diversification, energy and food security, and skilled human resource development.

On Thursday (November 5), at the foundation stone laying ceremony of the Mongla Port expansion and modernization project, he said that if this project, including modern container terminal, yard, and cargo handling facilities, is completed within the stipulated time, it will open new doors of possibilities not only for the southwestern region but for the entire country's economy.

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The Prime Minister said that the success of a project is not only in completing construction— it must be evaluated by the quality of port services, reduction in goods transport time and cost, increased investment and employment, and environmental protection. For this, he emphasized environmentally friendly port management, pollution control, ship waste management, climate-resilient infrastructure, and use of renewable energy.

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Alongside garments, he called for domestic, foreign, and expatriate investment in potential sectors including pharmaceuticals, electronics, agro-processing, light engineering, and IT, and said the government is committed to ensuring an investment-friendly environment, easy services, reliable infrastructure, and policy continuity.

Emphasizing the development of Mongla Port as the 'first calling port' of international shipping, the Prime Minister spoke of building four-lane road connectivity from Panchagarh to Mongla, developing Khan Jahan Ali Airport, and creating an integrated supply system among the port, EPZ, and special economic zones.

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