Daily Entrepreneurship- Bangladesh (28 March 2019)

19 firms to invest Tk 650cr in pharma

The pharmaceuticals industry is gearing up to expand as 19 companies have got the go-ahead in the last one year to set up facilities at a combined investment of around Tk 654.82 crore.

The entry of these new companies will boost competition as there are already more than 200 manufacturers in operations to grab shares in the local market worth around Tk 25,000 crore.

Most of the 19 companies have completed setting up their facilities and they will start operations within the next one and a half years, said Major General Md Mustafizur Rahman, director general of the Directorate General of Drug Administration (DGDA).

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USDA: Bangladesh’s poultry sector gearing up for export in 5-yr time

Bangladesh’s poultry sector is gearing up to export eggs and poultry meat by 2024. The sector has nearly closed the gap between the domestic demand with a growing supply of both eggs and meat; the country’s poultry farms are growing at a faster rate of 15% a year.

The bright prospect of Bangladesh’s poultry sector growth has been reflected in a report prepared by the United States Department of Agriculture (USDA). It says, the sector having Tk35,000 crore investments is expected to double in the next decade.

“The poultry sector is gearing up to export eggs and poultry meat by 2024, especially to the Middle East, a big market for halal meat, USDA says in a March 20 report.  

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Technology helps bolster agriculture and reduce soil salinity

An agriculture revolution is taking place at Bara Kupat in Satkhira’s Shyamnagar upazila, thanks to technology.

Technology has helped reduce the salinity of the soil, which had previously made crop-growing impossible.

Additionally, the use of online and offline apps has eased the cultivation of not only agricultural products, but also poultry and fish farming.

This has changed the fortunes of farmers, particularly women who are gradually becoming self-sufficient after venturing into farming endeavours.

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Wide array of products, services at Thai Trade Fair

Sixty Thai companies are participating in the ongoing Thai Trade Fair, exhibiting various products and services from Thailand.

Of a total of 77 stalls, the remaining 17 are Bangladeshi companies which import Thai products.

Thai Embassy in Dhaka and Commerce Ministry of Thailand jointly organized the four-day fair, which will end on March 30.

Director of the Thai Trade Centre in Dhaka Suebsak Dangboonrueng told the Dhaka Tribune: “Medicare services, cosmetics, beauty and wellness products, bedding accessories, spa, electrical appliances, stationery, household products, fresh fruits, food, textiles and fabrics, lingerie, handbag, jewelry, confectionery and decorative items including baby products are major products that are on high demand and being showcased in the fair.”

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