Capital machinery imports are recovering slowly as concerns over political uncertainty ease and banks show more willingness to facilitate investments amidst increased liquidity in terms of US dollars and stability in the exchange rate. During the July-January period of this fiscal year (FY), LC openings for capital machinery grew three percent year-on-year to $1,557 million, according to Bangladesh Bank data.

Premier Cement Mills PLC posted a Tk 30.79 crore profit in the January-March quarter of 2022-23, an increase of 1,985 per cent year-on-year.

Around a dozen local companies supplied materials such as rods, steel products and cement for the construction of the country’s first metro rail, signifying that products made in the country are achieving international standards.