JICA to implement food value chain dev project in Bangladesh

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The Japan International Cooperation Agency will implement a food value chain development project at a price of about Tk 882 crore (11.218 billion Japanese yen) to process agricultural products and expand agribusiness in Bangladesh.

Under this project, low interest rate financing and technical assistance will be provided to organisations and industrial entrepreneurs employed in agro-based business development, food processing and food security, said an industries ministry press release on Sunday.

Subsequently, the release said, it will be possible to strengthen the initiative to supply safe and quality food and achieve the goals 1, 2 and 8 of the Sustainable Development Goals.

JICA Bangladesh office chief representative Yuho Hayakawa made the remarks during a virtual ending up in industries minister Nurul Majid Mahmud Humayun in Dhaka on Sunday.

Additional industries ministry secretary Begum Parag and senior assistant secretary Md Salim Ullah, JICA Bangladesh Office senior representative Koji Mitomori, programme adviser Ryuichi Katsuki, programme officer Md Mehdi Hasan and Bangladesh Infrastructure Finance Fund Limited ceo SM Anisuzzaman, amongst others, joined the web meeting.

At the meeting, Yuho Hayakawa said that the recent economic growth had resulted in an increase popular for quality and safe food both domestically and abroad.

Consequently, quality protection and development of the meals value chain is becoming urgent at every stage of food production, he added.

Humayun said that JICA have been making significant contributions to the development of infrastructure, modernisation of technical training and development of food and food related industries in Bangladesh.

He said that JICA could develop ground breaking projects to diversify the merchandise of state-owned sugar mills.

Humayun said that industries ministry would extend all possible support for speedy implementation of the meals value chain development project adopted to increase the quality of food industry in Bangladesh.

This project can make a positive contribution to the development of Bangladeshi food industry through the transfer technology and the establishment of world-class food industry factories in this country, he added.

He hoped that would strengthen the opportunities for export of halal and quality food products by meeting the domestic demand. 
Source: https://www.newagebd.net

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