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Stalled prospects
Although the companies mentioned above are already producing or soon to start production, many other local automotive ventures had their venture abruptly halted because of the ongoing pandemic.
Bangladesh Auto Industries Ltd. (BAIL), was planning to establish an electric vehicle factory on Bangabandhu Industrial Park. With an initial investment of $200 million that would total to $1 billion within the next five years, the company planned to manufacture from two-wheelers to sedans, SUVs, pick-ups, mini-trucks, and multipurpose vehicles. Unfortunately, the pandemic slowed down BAIL s plans considerably, with all plans being moved back a year. In an interview with The Daily Star Mir Masud Kabir, managing director of BAIL, said We missed the target as the suppliers could not ship the required equipment on time even though we opened letters of credit earlier on, said Mir Masud Kabir, managing director of BAIL. We were on track before the Covid-19 crisis hit but the
No shortage of sugar in Ramadan
Govt officials say steps have been taken to build stock for additional demand
Bangladesh Sugar and Food Industries Corporation currently has 44,000 tonnes of sugar in stock that can be supplied to the markets through dealers and open sales, an official said. Photo: Star/file Star Business Report Star Business Report
The government has taken steps to meet the additional demand for sugar and ensure unadulterated products during the upcoming fasting month of Ramadan, according to officials. Currently, we have 44,000 tonnes of sugar in stock that can be supplied to the markets through dealers and open sales, said Md Arifur Rahman Apu, chairman of the Bangladesh Sugar and Food Industries Corporation (BSFIC).
Higher chemical fertiliser demand for next year
The prices of TSP, a fertiliser that is widely used by farmers on winter crops, have been rising alarmingly in Lalmonirhat. This photo of a farmer applying TSP on a cauliflower filed was taken recently from Karnapur village in Lalmonirhat Sadar upazila. Photo: Star Star Digital Report Star Digital Report
The demand for chemical fertilisers has increased by four lakh tonnes for crops cultivation across the country in the upcoming fiscal compared to the current year.
For 2021-22, the demand for chemical fertilisers was fixed at 66 lakh tonnes whereas the demand was 62 lakh tonnes in 2020-21, agriculture ministry officials said, our Rajshahi correspondent reports.
Humayun for creating skilled workers to survive in global market
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DHAKA, Mar 10, 2021 (BSS) – Industries Minister Nurul Majid Mahmud Humayun today underscored the need for developing more skilled workers to survive in the competitive market across the world.
“While everyone around the world was terrified by the corona epidemic, under the leadership of Prime Minister Sheikh Hasina, we were able to keep the country’s economy afloat by tackling the corona epidemic. In order to survive in the competitive market, we need to create skilled manpower,” he said.
The minister said this while inaugurating the ‘Bangabandhu Corner’ at the Bangladesh Industrial Technical Assistance Center (BITAC) in the city, said a press release.