Business

Expats urged to invest in Bangladesh agricultural


Published : 16 Nov 2021 10:28 PM | Updated : 18 Nov 2021 02:59 PM

Agriculture Minister urged the United Kingdom expatriate businessmen to invest in the country's agricultural sector. 

He said, “There is immense potential for commercial production, storage and processing of agricultural products in Bangladesh. Expatriate traders need to invest to utilize the most of that potential. The country has all the benefits of investment.”

He made the call in a view exchange meeting with British Bangladesh Chamber of Commerce and Industry (BBCCI) members held at the Bangladesh Embassy in London on Monday.

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The business leaders pointed out various issues including high cargo air fares for export of agricultural products from Bangladesh, scanning problems, cold storage problems in Cargo Village. They also called for crop production, conservation and certification in line with the Global Gap. 

At the same time, they appreciated the visit of the government-private delegation led by the Minister of Agriculture.

The Minister of Agriculture informed them about the steps taken by the Government to remove the existing barriers in the field of export of agricultural products. 

He said, “In order to increase exports, various works including crop production in accordance with modern agricultural practices, use of varieties suitable for export, construction of modern packing houses, setting up of accredited labs are underway. In the meantime, two draft roadmaps have been prepared to increase the export potatoes by 2025 and the export of agricultural products to USD 2 billion in the fiscal year 2022-23.”

Bangladesh High Commissioner to London Saida Muna Tasnim, Additional Secretary to the Ministry of Agriculture Md. Ruhul Amin Talukder, Director General of the Department of Agriculture Marketing Shafiul Alam Chowdhury Nadel, Vice President, Chamber of Commerce and Industry and visiting business representatives from Bangladesh were present.

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