Bizdata Insights Main Logo

BizData Insights

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

Govt Sets Maize Harvest Targets of 5.81 Million Tonnes

March 25, 2024

The demand for maize in feed and food-processing industries has led to a surge in its cultivation across Bangladesh, resulting in a record-high production of 4.55 million tonnes in the last financial year. To meet the escalating demand, the Department of Agricultural Extension (DAE) has set an ambitious target of 5.81 million tonnes from 0.543 million hectares for the current season.

UCB Hosts Skill Development Training for Agricultural Entrepreneurs

March 24, 2024

United Commercial Bank PLC (UCB) recently organized a day-long skill development training session for approximately 200 selected agri-entrepreneurs from 6 upazilas of Kushtia district. The event, held at the District Shilpakala Academy's auditorium, aimed to equip participants with essential knowledge and skills for agricultural success.

Govt to Offer Tk14 Crore Incentive to Increase Onion Cultivation

March 23, 2024

The Ministry of Agriculture would offer incentives worth Tk 14 crore to boost onion production in Sri Lanka. 36,000 small and marginal farmers in 24 regions nationwide will receive free seeds and fertilizer as part of this program.

Govt Mulls Committee for Solar Pump Electricity Purchase Guidelines

March 23, 2024

The government is considering organizing a high-powered interministerial committee comprising relevant ministries and entities in the sector after its guidelines for buying electricity from solar irrigation pumps failed to receive enough input from stakeholders.

USDA Forecasts Soybean Meal Feed Consumption to Reach 2.65M Tonnes

March 23, 2024

Despite high prices, the demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand operations and major feed producers initiate contract poultry farming. The USDA report predicts soybean meal consumption in the feed industry to reach 2.65 million tonnes in 2024-25, a 150,000-tonne increase from the previous year.

Agricultural Credit Disbursement Decreased by 27.75%

March 23, 2024

Agricultural credit disbursement in Bangladesh decreased by 27.75% in December 2023 compared to December 2022, attributed to reduced lending by foreign commercial banks and some local ones. The FY24 target is Tk350 billion, a 13.60% increase from FY23. Scheduled banks disbursed Tk183.26 billion in the first half of FY24, covering 52.36% of the target.

Related News

Govt Sets Maize Harvest Targets of 5.81 Million Tonnes

March 25, 2024

The demand for maize in feed and food-processing industries has led to a surge in its cultivation across Bangladesh, resulting in a record-high production of 4.55 million tonnes in the last financial year. To meet the escalating demand, the Department of Agricultural Extension (DAE) has set an ambitious target of 5.81 million tonnes from 0.543 million hectares for the current season.

UCB Hosts Skill Development Training for Agricultural Entrepreneurs

March 24, 2024

United Commercial Bank PLC (UCB) recently organized a day-long skill development training session for approximately 200 selected agri-entrepreneurs from 6 upazilas of Kushtia district. The event, held at the District Shilpakala Academy's auditorium, aimed to equip participants with essential knowledge and skills for agricultural success.

Govt to Offer Tk14 Crore Incentive to Increase Onion Cultivation

March 23, 2024

The Ministry of Agriculture would offer incentives worth Tk 14 crore to boost onion production in Sri Lanka. 36,000 small and marginal farmers in 24 regions nationwide will receive free seeds and fertilizer as part of this program.

Govt Mulls Committee for Solar Pump Electricity Purchase Guidelines

March 23, 2024

The government is considering organizing a high-powered interministerial committee comprising relevant ministries and entities in the sector after its guidelines for buying electricity from solar irrigation pumps failed to receive enough input from stakeholders.

USDA Forecasts Soybean Meal Feed Consumption to Reach 2.65M Tonnes

March 23, 2024

Despite high prices, the demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand operations and major feed producers initiate contract poultry farming. The USDA report predicts soybean meal consumption in the feed industry to reach 2.65 million tonnes in 2024-25, a 150,000-tonne increase from the previous year.

Agricultural Credit Disbursement Decreased by 27.75%

March 23, 2024

Agricultural credit disbursement in Bangladesh decreased by 27.75% in December 2023 compared to December 2022, attributed to reduced lending by foreign commercial banks and some local ones. The FY24 target is Tk350 billion, a 13.60% increase from FY23. Scheduled banks disbursed Tk183.26 billion in the first half of FY24, covering 52.36% of the target.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here