BSCIC to set up salt research and training institute

Industry: Agriculture & Livestock, Agro

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has launched a project to bolster local salt production, aiming for self-sufficiency in meeting the country’s seasoning needs. The initiative includes the establishment of the “Bangabandhu Sheikh Mujibur Rahman Salt Research and Training Institute” in Cox’s Bazar. The BSCIC plans to train 7,250 farmers and 3,000 entrepreneurs in producing high-quality salt, providing employment opportunities for around 50,000 people. Priority will be given to unemployed individuals and women for training.

The project, estimated to cost Tk 194.13 crore, has completed a feasibility study and a Detailed Project Plan (DPP), which will be submitted for approval. Bangladesh currently produces 80% of its required salt, while the remaining 20% is imported. This year, local salt production reached a record high due to favorable weather conditions. The BSCIC anticipates increased demand from industries and estimates the sector will need 12.10 lakh tonnes of salt annually in the next five years. The initiative has been welcomed by the Bangladesh Salt Farmers Association, as it aims to introduce modern methods to replace existing unhygienic techniques. The domestic salt industry contributes significantly to the national economy, providing employment for approximately 15 lakh people.

Source for more details:

Related News

Farmers Bear the Most Risk in Agri Chain

May 22, 2025

A recent Bangladesh Bank study reveals that farmers are the primary risk-takers in the agricultural value chain, especially for essential items like rice, potatoes, onions, eggs, and broiler chicken. Conducted across 14 districts, the study attributes price increases mainly to supply shortfalls caused by seasonal factors, reduced cultivation areas, floods, and pest attacks. Unlike intermediaries who secure fixed margins, farmers face fluctuating profits or losses depending on market conditions.

Maize Output Hits 68.84 Lakh Tonnes In FY2023–24

May 21, 2025

In FY2023–24, Bangladesh produced 68.84 lakh tonnes of maize from 6.42 lakh hectares, with FY2024–25 targets set at 71.60 lakh tonnes from 6.51 lakh hectares. Despite high yields of 35–45 maunds per bigha (1 maund ≈ 37 kg), farmers in districts like Lalmonirhat and Rangpur face falling prices—now Tk 28–29 per kg, down by Tk 2–3 from last year—while production costs rose to Tk 11–13 per kg or Tk 14,000–16,000 per bigha.

Tea Exports Surge 58% in 2024

May 13, 2025

Bangladesh's tea exports jumped 57.55% in 2024, reaching 2.45 million kilograms and generating Tk45.96 crore in revenue. This marks a strong recovery from previous years when export volumes had dropped below 1 million kgs.

NAC Bets on Nano Fertilisers and Exports for Growth

April 20, 2025

National AgriCare (NAC), a leading Bangladeshi agrochemical and seed company, plans to invest Tk400 crore across agro, pharmaceuticals, seeds, food, and pesticides by 2027, creating 2,000 new jobs. Tk180 crore will go to its pharmaceutical division, One Pharma, which aims to expand medicine exports to 10 new countries, including Algeria.

Agri Loan Disbursement Falls 6.6%

April 7, 2025

After interest rates were liberalized in May 2024, agricultural loan rates surged to 15–18%, up from a previous cap of 8%, resulting in a notable decline in disbursements. In the first eight months of the current fiscal year, banks disbursed Tk 22,126 crore in agricultural loans, which is Tk 1,565 crore or 6.60% less than the same period last year.

Women-Led SMEs Boost Bangladesh’s Poultry Sector

March 9, 2025

The expansion of women-led SMEs is strengthening Bangladesh’s poultry industry by boosting employment, production, and market competitiveness. On International Women's Day 2025, the Bangladesh Poultry Industries Central Council (BPICC) and the US Soybean Export Council (USSEC) highlighted the need to support women entrepreneurs and ensure adequate nutrition for their sustained contributions.

Related News

Farmers Bear the Most Risk in Agri Chain

May 22, 2025

A recent Bangladesh Bank study reveals that farmers are the primary risk-takers in the agricultural value chain, especially for essential items like rice, potatoes, onions, eggs, and broiler chicken. Conducted across 14 districts, the study attributes price increases mainly to supply shortfalls caused by seasonal factors, reduced cultivation areas, floods, and pest attacks. Unlike intermediaries who secure fixed margins, farmers face fluctuating profits or losses depending on market conditions.

Maize Output Hits 68.84 Lakh Tonnes In FY2023–24

May 21, 2025

In FY2023–24, Bangladesh produced 68.84 lakh tonnes of maize from 6.42 lakh hectares, with FY2024–25 targets set at 71.60 lakh tonnes from 6.51 lakh hectares. Despite high yields of 35–45 maunds per bigha (1 maund ≈ 37 kg), farmers in districts like Lalmonirhat and Rangpur face falling prices—now Tk 28–29 per kg, down by Tk 2–3 from last year—while production costs rose to Tk 11–13 per kg or Tk 14,000–16,000 per bigha.

Tea Exports Surge 58% in 2024

May 13, 2025

Bangladesh's tea exports jumped 57.55% in 2024, reaching 2.45 million kilograms and generating Tk45.96 crore in revenue. This marks a strong recovery from previous years when export volumes had dropped below 1 million kgs.

NAC Bets on Nano Fertilisers and Exports for Growth

April 20, 2025

National AgriCare (NAC), a leading Bangladeshi agrochemical and seed company, plans to invest Tk400 crore across agro, pharmaceuticals, seeds, food, and pesticides by 2027, creating 2,000 new jobs. Tk180 crore will go to its pharmaceutical division, One Pharma, which aims to expand medicine exports to 10 new countries, including Algeria.

Agri Loan Disbursement Falls 6.6%

April 7, 2025

After interest rates were liberalized in May 2024, agricultural loan rates surged to 15–18%, up from a previous cap of 8%, resulting in a notable decline in disbursements. In the first eight months of the current fiscal year, banks disbursed Tk 22,126 crore in agricultural loans, which is Tk 1,565 crore or 6.60% less than the same period last year.

Women-Led SMEs Boost Bangladesh’s Poultry Sector

March 9, 2025

The expansion of women-led SMEs is strengthening Bangladesh’s poultry industry by boosting employment, production, and market competitiveness. On International Women's Day 2025, the Bangladesh Poultry Industries Central Council (BPICC) and the US Soybean Export Council (USSEC) highlighted the need to support women entrepreneurs and ensure adequate nutrition for their sustained contributions.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here