[ad_1]
Bangladesh faces significant challenges, with 44 percent of post-harvest fruits, crops and vegetables lost, and losses of $2.5 billion annually. This problem is believed to be due to inadequate storage and transportation facilities, exacerbating consumer prices. In response, the government is seeking incentives for U.S. companies to invest in domestic cold storage infrastructure.
Salman F. Rahman, Advisor to the Prime Minister on Private Industry and Investment, highlighted the government’s efforts at the 2024 Cold Chain Investment Conference in Dhaka, organized by the Bangladesh Investment Development Board and the Bangladesh Trade Facilitation Project under the United States Department of Agriculture. . As loan interest rates rise, subsidize interest on loans to sector companies. He cited the US Embassy’s view that “investing in Bangladesh’s cold chain could represent a unique opportunity for US companies.”
William Fellows, executive managing director of LixCap, highlighted the potential benefits of investing in cold chain logistics, saying that between 20 and 44 percent of the country’s fruit, crop and vegetable production could be destroyed. It estimated that it would result in annual losses of $2.4 billion. He suggested that improvements in cold chain logistics could significantly reduce these losses, potentially eliminating the need to import staple foods such as onions and potatoes. The fellows also predict $440 million in investment in the sector by 2031, which will not only protect agricultural products but also stimulate the transportation and packaging industry. .
Source: bdnews24.com
[ad_2]
Source link
