Dhaka  - Bangladesh's Awami League-led alliance government is proposing to restrict privatisation of state-owned enterprises, after bitter experience with past divestments, a news report said Sunday.

"We have no plan to privatise any more state-owned enterprises for the time being," the Daily Star newspapers quoted Industries Minister Dilip Barua as saying at a conference on industrial policy.

The minister criticised the handling of 76 state-run entrepreneurs privatised since 1994.

"Although they were divested for better management and more employment generation, many of those units are still closed, machineries and land of many industrial units were sold out," the minister said, promising a review of past decisions.

The proposed policy also identified 17 sectors as controlled industries including arms and other military equipment, nuclear power, security printing, and technology adoption for forests and protected lands.