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Budget FY23: Tourism industry gets 1,000C as incentive

Bangladesh’s tourism industry was hit hard by the Covid-19 pandemic, says Finance Minister AHM Mustafa Kamal

Update : 09 Jun 2022, 07:21 PM

The government has declared an incentive package amounting to TK1,000 crore for the tourism industry, to help it recover from the impacts of the Covid-19 pandemic.

Finance Minister AHM Mustafa Kamal made the announcement while reading out the proposals for the 2022-2023 fiscal year in parliament on Thursday.

The government had taken steps to set up Sabrang Tourism Park, Naf Tourism Park and Sonadia Eco-Tourism Park in Cox’s Bazar with accommodation and recreational facilities maintaining international standards, he said.

Kamal continued: “The country’s tourism industry was hit hard during the Covid-19 pandemic. To help the industry in this situation, the government has declared an incentive package of Tk1,000 crore. Ten government-funded projects are under implementation for the development of potential areas for tourism in Bangladesh.

“The task of formulating a tourism master plan to develop the tourism industry has been taken up. To achieve economic prosperity through the development and growth of tourism, steps are being taken for the physical infrastructure development and beautification of the tourist areas of different districts and upazilas by branding 36 districts with tourism potential.”

“Documentaries and television commercials are being prepared featuring Bangabandhu’s contribution to the development of the tourism industry and for the preservation of the attractive spots where there are precious memories of our Liberation War,” he added.

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