Finance and Planning Minister Amir Khasru Mahmud Chowdhury has said the government is focusing on reducing unnecessary regulatory barriers and promoting the creative economy to improve the business environment and make economic growth more inclusive.

Speaking at a roundtable discussion in Dhaka on Wednesday, the minister said the government plans to expand digitalization of public services and simplify business procedures to encourage broader participation in economic activities.

Criticizing past economic policies, Chowdhury said the economy had become overly dependent on patronage, resulting in excessive regulations that disproportionately affected small entrepreneurs while influential groups often remained exempt. He stressed the need to create a level playing field for all businesses.

The minister announced plans to establish a 160-acre “Creative District” near the capital to support artisans, weavers, blacksmiths, potters, and other small producers. The initiative will provide easier access to financing, raw materials, design support, branding, marketing, and international markets.

He also said the government aims to introduce a streamlined approval system under which entrepreneurs can apply through a single platform, while relevant agencies coordinate licensing and registration within specified timelines.

According to the minister, deregulation, digitalization, and inclusive economic policies will help build an economy where all citizens can participate and benefit from development.