ENTREPRENEURS are facing problems due to the lack of regulatory policies and lack of adequate market information which the government should be enforcing and providing respectively. For instance, there were 10 or 15 vegetable industries in the past set up by local entrepreneurs and these were running viably . Now, there are more than 100 such industries and many are not viable and running at a loss.
Many of the vegetable oil mills have already collapsed putting to uncertainty the repayment of their huge amounts of banks loans. Almost one half of the CI sheet industries have closed for similar reasons and the same conditions afflict 20 % of the cement industries.
Therefore, the government should be careful in giving approval to setting up of industries, where this is needed so that a sector is not crowded out and difficulties are caused to all, adding to the list of sick industries. The regulatory bodies of the government need to be very careful in assessing whether setting up of new industrial will have sound prospects or the same will die a natural death from being set up in a sector that already has optimum or even excess capacity .
The information services of the government, in respect of market demand for products, number of industries producing the same product, competition from imported products, etc., should be easily available to the intending investors in various industrial enterprises.
A K M Azad