B’Desh Government Approves Import of Essential Commodities and Infrastructure Upgrades
B’Desh Government Approves Import of Essential Commodities and Infrastructure Upgrades

B’Desh Government Approves Import of Essential Commodities and Infrastructure Upgrades

  • 08-Nov-2024 12:45 PM
  • Journalist: Patricia Jose Perez

The Government of Bangladesh has approved several proposals to ensure the availability of essential commodities and upgrade critical infrastructure. These decisions were made on November 6 at the government’s 11th meeting of the Advisors Council Committee on Government Purchase (ACCGB).

The Ministry of Food has been authorized to import 50,000 metric tons of wheat from Agrocorp International Pte Ltd, Singapore, at a cost of Tk 180.82 crore ($15.13 million)

The same ministry will import 50,000 metric tons of non-basmati boiled rice from Indian Pattabhi Agro Foods Private Limited at a cost of Tk 286.20 crore ($23.95 million)

The Trading Corporation of Bangladesh (TCB) will procure 5,000 metric tons of sugar from City Sugar Industries Ltd, Bangladesh at a cost of Tk 60.40 crore ($5.05 million)

Apart from crops, state-owned Petrobangla will import two LNG cargoes from the international spot markets. TotalEnergies Gas and Power Ltd will supply one cargo of 33.66 lakh MMBtu at a cost of Tk 618.89 crore ($51.80 million). Additionally, Gunvor Singapore Pte Ltd will supply another cargo of the same quantity at a cost of Tk 635.43 crore ($53.18 million).

Bangladesh government will also import fertilizers. The Bangladesh Chemical Industries Corporation (BCIC) will import 30,000 metric tons of bagged pilled urea fertilizer from Muntajat of Qatar at a cost of Tk 140.28 crore ($11.74 million).

Additionally, the Bangladeshi govt is also investing in uplifting its infrastructure. The Ministry of Shipping has received approval for two contracts to upgrade landing stations. A contract was awarded to ML-TBL JV for the upgradation of landing stations at Illisha (Bhola), Monpura, Bankerhat, Daulatkhan, and Tojumuddin under the Bangladesh Regional Inland Waterway Transport Project-1 at a cost of Tk 150.98 crore ($12.63 million).

Another contract was awarded to Sheltech-Banga-Niaz (JV) Bangladesh for the upgradation and construction of landing stations at Moju Chowdhury, Motirhat, Tomuruddin, and Boddarhat under the same project at a cost of Tk 112.27 crore ($9.39 million).

These initiatives aim to strengthen Bangladesh's food and energy security, as well as improve its transportation infrastructure, contributing to overall economic growth and development.

Bangladesh’s staple crops are primarily rice, wheat, and maize. Rice is the most important staple, with the country being one of the largest producers in the world. It is grown mainly in the Boro, Aman, and Aus seasons. Wheat and maize also play significant roles in the country's food security and agriculture. These crops are essential for feeding the growing population and contribute heavily to the nation's agricultural economy. Additionally, crops like jute and potatoes are also important, though rice remains the dominant crop.

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