A joint consortium of companies from Thailand, Japan and the United Arab Emirates have shown willingness to invest Tk 5,500 crores to set up three new sugar mills in Bangladesh with the help of the government, reports local media.
This is the first of its kind assistance to the country to revive the sugar sector, according to the Bangladesh Sugar and Food Industries Corporation (BSFIC).
Arifur Rahman Apu, chairman of BSFIC, said, “The consortium of the international companies has sent us a proposal to set up three new sugar mills with the assistance of the government. This is a positive step for the sugar sector in the country.”
The proposal is awaiting final approval from Prime Minister Sheikh Hasina.
“We will provide the land owned by the state government to the consortium once the deal is reached,” he said.
Emdad Hossain, representative of the investors, said, “We have already submitted our proposal to the government and will be setting up sugar mills in partnership with the BSFIC.”
