Dhaka, Oct. 6 -- Commerce Minister Khandakar Abdul Muktadir on Tuesday said the government will fast-track the establishment of a Treatment, Storage and Disposal Facility (TSDF) and simplify approval procedures for the shipbuilding and recycling industry to create a working environment that suits foreign buyers.

"The government has taken initiatives to simplify the approval process and remove institutional complications to boost the international competitiveness of the shipbuilding and recycling industry," he said.

The minister made the remarks at a meeting of the committee formed to review existing laws, rules and policies on the ship recycling industry and make recommendations, held at the Ministry of Commerce.

The meeting discussed ...