Hamid cautioned the businessmen at an award ceremony organized by the Industries Ministry to hand over the President's Award for Industrial Development 2017
President Abdul Hamid on Saturday warned against adulteration and fraudulence, saying that businessmen involved in such practices will be punished.
Hamid cautioned the businessmen at an award ceremony organized by the Industries Ministry to hand over the President's Award for Industrial Development 2017, at the Hotel Intercontinental in Dhaka on Saturday.
"Do not cheat the buyers. Stay away from adulteration and fraudulence. The government is always open to co-operating with honest entrepreneurs. On the other hand, the government will be bound to ensure strict punishment for dishonest businessmen," he said.
He also said the High Court recently ordered the withdrawal of several products from the domestic market, due to adulteration and poor quality.
He added that this not only affects customers' confidence in the products, brands and companies, but also has a negative impact on the whole trade system.
Calling business a noble profession, President Hamid said: "Business has been given special importance in Islam. But due to some dishonest businessmen, the reputation of honest and good businessmen is being tarnished.
"You [entrepreneurs and businessmen] are respected in society. Your role and contribution to the socio-economic development of the country is highly appreciated. We feel proud when we see 'Made in Bangladesh' products at super stores in Europe and America," he added.
President Hamid distributed awards to 14 industrial units in six categories, for their contribution to the economy. The industrial categories are - large, medium, small, micro, cottage, and hi-tech.
The award recipients under the large-industry category are: chief operating officer 5Dr Shamim Ahmed of Square Pharmaceuticals Limited, chairman of Envoy Textiles Limited Kutubuddin and chairman of Olympia Industries Limited Mobarak Ali.
Under medium-industry category, the recipients are MD of Green Textile Limited Tanvir Ahmed, MD of D and S Pretty Fashions Limited Rezin Ahmmod and MD of JME Agro Limited Chowdhury Hasan Mahmud. In the small-industry category, the recipients are MD of Auko Tex Limited Engineer Abdus Sobhan, MD of APS Apparels Limited M Shamim Reza and MD of BSP Food Product (Private) Limited Ajit Kumar Das. For micro-industry category, founder and owner of Smart Leather Products Begum Masuda Yasmin Urmi received the award.
Director of Corr the Jute Works and Protibeshi Proshikhon Kendro and Kutir Shilpa Unnyan Sangstha Bartha Geeti Baroi were honoured with the award in the cottage-industry category. Under the hi-tech industry category, Chairman of Service Engine Limited ASM Mohiuddin Monem and Begum Roksana Parveen Dipu, owner of Nasania Limited received the awards.
Subbed by Nabban