Titu: Govt trying to create $5bn funding for export-oriented industry

State Minister for Commerce Ahsanul Islam Titu on Sunday said the government is trying to create a $5 billion fund for the country's export-oriented industry.

"The country's balance of payments will normalize by June. The liquidity crunch for the industry may not be as big as it is thought to be," he said while meeting with a delegation of Bangladesh Chamber of Industries (BCI), led by its President Anwar-ul Alam Chowdhury at the ministry, said a press release.

Among others, BCI Senior Vice President Priti Chakraborty and Vice President Mohammad Yunus were present on the occasion.

Titu said as a pilot project, the government wants to provide five to six essential commodities at a fair price through Trading Corporation of Bangladesh (TCB) to the industrial workers of Dhaka and surrounding industrial areas.