The growth rate of large and medium manufacturing industries, which hovered below 7 percent during the last three fiscal years, soared to 10.2 percent in the first quarter of 2005-06, due mainly to an investment hike to counter the adverse impacts of the quota phase-out .However, experts warn that if the government's current tight monetary policy brings in any further interest rate hike, it might retard the boom in Bangladesh. Among the large and medium industries, paper, ceramics, plastic goods, wood products, garments and textiles marked the highest growth, according to the Bangladesh Bureau of Statistics (B.B.S). In July September 2005, the category comprising of paper newsprint and books scored the growth rate paper newsprint and books scored the growth rate of 21.21 percent. The industries of non-metallic products including ceramics, cement and glass posted a 17.2 percent growth. Among the small industries, textiles, leather, apparel, paper and printing witnessed growth ranging from 10 to 16 percent. Non-metallic products grew by 28.26 percent. A Bangladesh Bank source said a huge amount of loan had been disbursed in the last two years in the industrial sector. Economists consider investment in textiles to meet the post multi-fiber-agreement (MFA) challenges, has resulted in a significant growth. They do, however, argue that production if the pace of industial growth is to be sustained the government has to improve the law and order as well as the infrastructure including port facilities.