Bangladesh urges India to lift restrictions on seed import
Farm mechanisation could be one of the potential fields for cooperation between the two countries. Photo: Star/file
Star Business Report
Star Business Report
Bangladesh yesterday demanded the withdrawal of a bar on seed imports from India to boost bilateral cooperation in the agricultural sector.
Agro mechanisation, improving the quality of yields and food products could be potential fields for cooperation between the two countries, said officials from Bangladesh. Bangladesh will appreciate if India removes its export barrier on seeds, said Muhammad Abdur Razzaque, agriculture minister. We would like to see more cooperation in agro processing. Indian companies can set up manufacturing plants in our economic zone, he added.
Construction set to be costlier as rod prices soar
Steel prices jumped 17 per cent in the last one month as millers hiked the rates in the wake of spiralling scrap prices in the international market, which will make the implementation of public construction projects and home building costlier.
The retail price of 60-grade MS (mild-steel) rod rose to Tk 64,000 per tonne, up from Tk 54,000 a month ago and Tk 61,500 during the corresponding period last year, data from state-run Trading Corporation of Bangladesh showed.
The price of steel scrap increased by $100 per tonne in international markets recently, said Manwar Hossain, president of the Bangladesh Steel Mill Owners Association.
Garment exporters face storm as new orders drop
Buyers also defer placing orders owing to the second wave
Apparel makers are once again facing trying times.
On the one hand, the flow of new orders for shipment during the summer has fallen. On the other hand, many buyers are deferring placement of new orders as retail sales in the West are yet to pick up because of the second wave of coronavirus infections.
This forced a large number of garment manufacturers to cut back on their production and run below capacity at a time when their overheads have not dropped to that extent.
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BD, India can offer tough race for other competitors in global textile business: Shahriar The New Nation
Business Desk :
State Minister for Foreign Affairs M Shahriar Alam on Saturday said Bangladesh and India can offer a tough race for other competitors in global textile business considering India as one of the top cotton exporting countries. As a historic all-weather friend, India as a cotton exporting country should be on top of our lists for a win-win situation for both the countries, he said.
The State Minister was addressing the second Bangladesh-India Cotton Fest 2020 at a city hotel, reports UNB.
Prime Minister s Adviser Salman F Rahman spoke at the event as the chief guest.
President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Sheikh Fazle Fahim, President of BTMA Mohammad Ali Khokon , President of IBCCI Abdul Matlub Ahmad, President of ICAL (Indian Cotton Association Ltd) Mahesh Sharda, and President of BCA (Bangladesh Cotton Association) Sultan Riaz Chowdhury were present at the event.
Shahriar said over the last ten fiscal years, under the leadership of Prime Minister Sheikh Hasina, cotton production has remarkably increased from 70,000 bales to 1,77,887 bales.
However, he said, domestic production is still inadequate compared to yearly demand of around eight million bales.