Belgium to invest $ 6.756m in DEPZ

http://www.theindependentbd.com/business/finance/31492-belgium-to-invest–6756m-in-depz.html
Belgium to invest $ 6.756m in DEPZ
STAFF REPORTER
DHAKA, Jan 27: Tigerco Limited, a Belgium origin company, will set up a high tech garment manufacturing industry in Dhaka Export Processing Zone (DEPZ), says a press release. This 100per cent foreign direct investment accounts $6.756 million in setting up their unit which will produce bullet-proof jacket, tent, and protective clothes and garments items.
The company will also create employment opportunity for 409 Bangladeshi nationals.
In this connection an agreement was signed between Bangladesh Export Processing Zones Authority and Tigerco Limited in BEPZA Complex, Dhaka recently.
Md. Moyjuddin Ahmed, member, Investment Promotion of BEPZA and Iqbal Hossain, managing director of Tigerco Limited signed the agreement on behalf of their respective organisations.
Major General A T M Shahidul lslam, ndu, psc, executive chairman, A.K.M Mahbubur Rahman, member, Finance, Md. Shawkat Nabi, secretary, A.Z.M. Azizur Rahman, general manager, Investment Promotion and other officials of BEPZA were present at the signing ceremony.

US company to invest $5.500m in Karnaphuli EPZ

http://www.bssnews.net/newsDetails.php?cat=0&id=103104&date=2010-04-27

US company to invest $5.500m in Karnaphuli EPZ

DHAKA, Bangladesh, April 27 (BSS)- World Ye Apparels (BD) Limited, an American company, will set up a garment manufacturing industry in
the Karnaphuli Export Processing Zone (KEPZ).

The 100 percent foreign-owned company would invest 5.500 million US dollars in setting up the unit, a press release of the BEPZA said here today.

The company will create employment opportunity for 3,215 people, including 40 foreign nationals.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and World Ye Apparels (BD) Limited in BEPZA Complex here today.

Md. Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA, and Bob W. Zhang, Director of the US company, signed the agreement on behalf of their respective organizations.

High officials from both sides were present on the occasion.

6 foreign cos agree to bring low-price mobile set, laptop

http://www.theindependent-bd.com/details.php?nid=161385

6 foreign cos agree to bring low-price mobile set, laptop
BSS, DHAKA

Six foreign companies have expressed their interests in manufacturing mobile set and laptop with the joint venture of state owned Bangladesh Telephone Shilpa Sangstha (Teshish).

Managing director of Teshish Ismail Hossain told the news agency that the letters of their expression of interest were sent to head of the Electric and Electronic Department of BUET for scrutiny.

The government floated international tender in December 2009 inviting the entrepreneurs as the Ministry of Post of Telecommunications has taken initiative to make the Teshish full operative after long time.

For the first time the government has undertaken the initiative for a joint venture of the state owned Teshish with foreign company to produce mobile set and laptop.

The MD did not disclose name of any foreign bidder saying it may create confusion before completion of the scrutiny. However, he firmly hoped that mobile set and laptop will come to market by April next.

Secretary of Teshish Osman Gani said the mobile will be produced with local technology and every set of mobile will be Taka 2,000 and will have every latest facilities including double SIM system.

Referring to the experts’ opinion, he said country’s total mobile phone users will be over eight crore by next two years. Teshish will produce four lakh sets a year preliminarily.

He said Teshish was completely inoperative for the last 12 years and 525 officials and employees were given salaries without any work. The manpower of the company was reduced to 260 in July 2007.

Malaysian group intends to build car plant

Star Business report

The Malaysian Agate group has expressed its interest to build a car plant in joint venture with local the Walton High Tech Industries, officials of both the sides disclosed it yesterday.

The group will also import Walton-made motorbike and freeze and market those in Malaysia and some other countries.

“Bangladesh is a big market for cars and other motorised vehicles. Production cost will be relatively cheaper because of huge surplus labours,” said Agate Group Managing Director Sultan Abdul Quadir at a press briefing at the Walton headquarters at Motijheel in Dhaka.

The group has also planned to invest in the country’s power sector and human resource development, Quadir said.

Agate’s proposals include setting up 1,000-megawatt power plant based on coal fired facilities, medical schools and other training facilities to create qualified nurses and other technicians and imparting training to the local people with a duration ranging from three months to three years for overseas job market.

In the field of international trade, the delegation on behalf of the Malaysian government expressed its desire to export 1.5 million tonnes of palm oil to Bangladesh.

Quadir expressed his interest during a meeting with Commerce Minister Faruk Khan at his office Sunday.

Agate Group operates duty free outlets to sell cigarettes, cosmetics, jewellery, leather goods, perfumes, fashion wear, watches, textiles and electrical goods in Malaysia. The company also operates colleges to provide courses in engineering, electronics and information technology.

It involves in software development for finger print identifications, general security systems and warfare related technological equipment.

The group has a coalmine in Indonesia and a 1,200-megawatt power plant in Gujarat in India.

Walton Directors Mahbubul Alam and Abul Bashar Howlader were present at the press conference.

source:http://www.thedailystar.net/newDesign/news-details.php?nid=103912

Malaysian Agate Group wants to set up motor plant in Bangladesh

UNB, Dhaka

Malaysian Agate Group is interested to set up a motor plant in Bangladesh, as it finds a huge market in the country and in its neighbouring nations for motor cars and other vehicles.

Addressing a press conference at Walton’s Motijheel office here, Agate Group’s Founder and Chairman Dr. Sultan Abdul Kadir said his group is willing to set up a motor plant in Bangladesh.

The Malaysian business group recently signed an agreement with local RB Group to import its Walton brand products to market those in South East Asian countries where Agate has its business.

The Agate Group’s chairman said his company finds very good potentials to market Walton products and motor vehicles to be produced here in countries like Malaysia, Indonesia, Cambodia, Singapore and Myanmar.

A delegation of Agate Group, led by Sultan Abdul Kadir, is now visiting Bangladesh to explore business potentials here. The delegation called on Commerce Minister Faruk Khan Sunday and visited Walton’s manufacturing unit in Gazipur yesterday. The press conference was informed that setting up a power plant and establishing a manpower training institute is also included in the Agate Group’s future venture in Bangladesh.

The training centre’s main target will be to train up the local skilled and unskilled manpower to send them to Malaysia. Mentioning Bangladesh as a brotherly country, Sultan Abdul Kadir said there is huge natural resources and very cheap labour in Bangladesh which the country could easily exploit to produce world-class products.

source:http://www.theindependent-bd.com/details.php?nid=140329

Korean co to manufacture cars in Bangladesh

Korean co to manufacture cars in Bangladesh

Jasim Uddin Haroon

A South Korean automobile company unveiled a US$ 2.0 billion plan Monday to manufacture cars in Bangladesh aiming to grab the country’s fastest growing market and explore export abroad.

Tagaz Korea, established in 2006, has already purchased 350 acres of land at Bhairab in Kishoreganj to set up its second largest plant in Bangladesh, company officials said Monday.

“We want to start construction work at our site by the next six months and it will be completed within 24 months. We will then go for manufacturing cars,” Abdul Mannan Nasir, managing director of Cimillae Development Co, a concern of the Tagaz in Bangladesh, told the FE.

Officials at the Tagaz Korea, a Korea and Russia joint venture automaker, wants to manufacture cars in Bangladesh mainly because of its low labour cost and strategic location for export market.

Bangladesh is enjoying a special facility to European market under EBA (everything but arms) and labour is comparatively cheaper. Automobile industry is a semi-labour intensive industry.

Mr Nasir said Bangladeshi auto technicians, who are quick learners, have average wages between US$300-$400 a month, which is more than double in other developing nations.

He said: “A sedan costs US$ 10,000 in South Korea. But we can reduce the cost here by around $3000 due to cheap labour and other facilities existing in the country.”

He hinted that local buyers would get a sedan with 1500 cc engine capacity at Tk 700,000-Tk 800,000.

State-owned Pragati Industries Ltd has also taken a move to assemble Mitsubishi sedan by 2011.

Company officials said CCGI, a Korea-based leading funding agency, will invest in the Bangladesh plant.

Company officials said Bangladeshi partners will have 20 per cent stake in the joint venture.

Tagaz Korea, a comparatively new automobile maker, said around 30 South Korean companies will also set up their plants in Bangladesh to provide major raw materials for the plant.

Company sources said around 400 local companies will also be developed to supply different kinds of accessories for the plant.

Tagaz is currently rolling out over 500,000 cars from its Korea plant a year and it is mostly exported to European market. They are planning to manufacture at least 50,000 cars in Bangladesh’s plant a year.

Bangladesh’s car market has been growing steadily over the past few years mainly because of the credit facility. The average import of re-conditioned cars is around 30,000 a year.

source:http://www.thefinancialexpress-bd.com/2009/10/14/81579.html

Nitol looking to assemble Tata Nano locally

Nitol looking to assemble Tata Nano locally
Mehdi Musharraf Bhuiyan

Bangladesh could be the next assembling home of the world’s cheapest car Tata Nano, if a negotiation among the government, the car’s Indian manufacturer and their local representative sees the daylight.

Nitol, the local sales agent of Nano’s giant parent concern Tata Motors, said Sunday that the company was aiming to assemble the jelly bean-shaped car from its own premises after its grand unveiling in Bangladesh at the recently-concluded India Trade Fair.

“The move is aimed at keeping the prices of the acclaimed tiny car at its expected level as maintaining that highly anticipated low price appears hardly feasible in Bangladesh after counting the high import duties and other expenses”, a high official of Nitol Motors told the FE recently.

“Currently, we are waiting for the final go-ahead from the government for setting up our own assembling plant on the outskirts of Dhaka and if everything goes well, we would be able to market the home-made Tata Nano by the end of this year”, he added.

Amid much media frenzy, Tata Nano was launched in March last year at the Pragati Maidan of New Delhi, the capital of India, with a starting price of Rs 100,000 equivalent to US$2,160, placing it in the Guinness Book of Records as the cheapest car in the world to date.

The news provides a ray of hope for a section of Bangladesh’s rising middle class people, for whom the luxury of owning a personal car still remains a distant dream.

However, much of this initial frenzy was about to die down, when the Nitol officials informed the prospective customers that they might not be able to sell the Tata Nano LX on display at the India Trade Fair at a price lower than Tk. 600 thousand in the local market after taking into account the high import taxes and the minimum profit margin.

“But if we can assemble the same car locally at our own plant, the price could come down to around Tk. 300 to 350 thousand, which can make it the cheapest car available in the Bangladeshi market by far”, Tata Nitol’s General Manager for International Trade Division Ayatollah said

Nitol officials pointed out that the car could possibly be a good bargain to the young jobholders and professionals, university students and even the female homemakers.

From its existing automobile plant in Jessore, Nitol is already assembling a number of other types of Tata commercial vehicles including trucks for the local market.

“We are yet to do a market feasibility study on the demand for such vehicles in Bangladesh; however if we find that there is a potential demand of 1000 units per year for this car in the local market, for instance, we may opt for locally assembling this vehicle”, Ayatollah said.

Industry insiders observe that the car could be a potential competitor to its Indian counterpart Maruti Suzuki and other low-budget automobile varieties available in the market, but they also expressed skepticism about the potential durability of such low-cost four-wheelers.

“Despite availability of cheaper options in the local market, rather pricey Toyota is the most sought-after brand in Bangladesh”, said an industry insider. “So it’s very unlikely that the customers here would risk quality for cheaper prices while buying their dream car”.

source:http://www.thefinancialexpress-bd.com/more.php?news_id=93643

Nitol plans Nano plant in Bangladesh

Nitol plans Nano plant in Bangladesh

Brand new car may cost customers Tk 3 lakh
Kazi Azizul Islam

Nitol Motors, a local assembling company which sells automobiles manufactured by India’s Tata Motors, is now planning to make and market a Bangladeshi version of Nano, Tata’s much-hyped brand affordable to the lower middle class Indians.

The chairman of Nitol Motors, Abdul Matlub Ahmad, claims that the Nano cars can be made in his planned pant in Bangladesh and the customer-level price of each car will not exceed Tk 3 lakh.

If a deal is struck between Tata and Nitol, the small car manufacturing plant would be set up in Chittagong or Khulna in view of the proximity of the site to seaport, he told New Age on Monday.

The Nitol chairman is scheduled to have a ‘crucial’ meeting in this regard with the managing director of Tata Motors, PM Telang, in Dhaka on March 25.

However, the objective of Telang’s visit is to expand the company’s business in Bangladesh, especially enhancing capacity of Tata’s commercial vehicles assembling unit in Jessore and setting up a new plant in Kishoreganj for assembling Tata’s ACE series of mini trucks, said Matlub.

‘It is my dream to manufacture made-in Bangladesh cars and export them to different countries after meeting domestic demand,’ the Nitol chief said adding that he would be negotiating a deal with the Tata Motors to set up the plant. He mentioned that almost 60 per cent of Nano components would be made in the planned Bangladesh plant under the supervision of Tata Motors.

Bangladeshi customers showed interests in Nano showcased in the India Trade Fair in Dhaka in the past month. ‘But the price of each piece of imported Nano, including one hundred per cent duty, would stand at nearly Tk 6 lakh,’ Matlub pointed out.

He gave his estimate that a unit requires annual production of at least 50,000 cars for its business viability. ‘We see the prospect of selling 10,000 Nano cars a year while the rest can be exported,’ he added.

According to the businessman, northeast Indian states and West Bengal can the convenient export destinations and Nano cars can also be shipped to Europe or Africa.

Nano is a rear-engine four-passenger car which Tata launched in the Indian market in March 2009. It was a pledge by Tata group chairman Ratan N Tata to provide each of common Indians with a car at a price of Rs 100,000.

source:http://www.newagebd.com/2010/mar/23/busi.html#3

Tata keen to source auto-parts Nano plant to be delayed

Kazi Azizul Islam

Indian auto-giant Tata Motors has shown interests on sourcing auto-components from Bangladesh, said a top official of the company’s business partner here.
A technical team from Tata will carry out a survey here within next two months for assessing the possibility of manufacturing auto-components in Bangladesh, chairman of Nitol Motors, Matlub Ahmed, told New Age on Friday.
Matlub and his colleagues on Thursday had a long and crucial meeting with Tata Motors Managing Director Prakash Telang who was in Dhaka for some hours on the day.
‘Our discussions focussed much on the possibility of sourcing Bangladeshi auto-components for manufacturing Tata vehicles in India as well as assembling them in Bangladesh,’ said Matlub.
Matlub said he had apprised the Tata boss on a growing and quite reliable capacity of Bangladesh Machine Tools Factory, some private sector automobile battery manufacturers and a promising light-engineering industry in Bangladesh.
‘I brought to his [Telang’s] notice the ready capacity here for sourcing components like batteries, vehicle tyres and break drums,’ said Matlub. ‘He agreed to send a Tata team to do an on-the-spot feasibility study.’
Matlub feels that if technical support is provided, ‘many auto-component manufacturers can grow here… We already have a promising light-engineering industry here.
Asked how the Tata MD responded to Nitol’s plan for setting up a plant in Bangladesh for manufacturing Tata’s much hyped small car Nano, Matlub said, ‘As we want to use local components in Nano, so any progress in setting up the proposed plant would depend on the progress of attaining capability in Bangladesh for producing auto-components.’
Though he categorically hinted a delayed possibility for having a Nano plant in Bangladesh, Matlub was however hopeful on his dream project.
Bangladeshi customers showed huge interest in Nano that was showcased in the India Trade Fair in Dhaka last month. But disappointments were there as more than 100 per cent tax on intact car would cost each Nano nearly Tk 6 lakh.
Nitol officials estimated that a locally manufactured Nano would cost Tk 3 lakh. So a plant here for rolling out 50,000 units annually would be viable if 10,000 units are sold locally and the rest are exported, they said.
Nitol assembles and sells Tata trucks and buses in Bangladesh for nearly three decades.
Matlub also discussed with Telang expansion and development of Tata’s assembling facilities and the prospect of setting up a new plant for Tata’s ACE series mini-trucks.

Mongla EPZ to get $2m Chinese investment

Mongla EPZ to get $2m Chinese investment
Bangladesh Sangbad Sangstha . Dhaka

Evergreen Products Factory (Mongla) Limited will set up a fashionable wigs and hair related products manufacturing industry in the Mongla Export Processing Zone.

The 100 per cent foreign owned company will invest $2.048 million in setting up their unit and will produce fashionable wigs and hair related items. The company will also create employment opportunity for 225 Bangladeshi nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zone Authority and Evergreen Products Factory (Mongla) Limited at BEPZA Complex in Dhaka on Thursday.

Md Moyjuddin Ahmed, member (investment promotion) of BEPZA, and Chan Chi Wai Alfred, director of Evergreen Products Factory (Mongla) Limited, signed the agreement on behalf of their respective sides.

source:http://www.newagebd.com/2010/nov/13/busi.html#8

Mongla EPZ to get $2m Chinese investment

Mongla EPZ to get $2m Chinese investment
Bangladesh Sangbad Sangstha . Dhaka

Evergreen Products Factory (Mongla) Limited will set up a fashionable wigs and hair related products manufacturing industry in the Mongla Export Processing Zone.

The 100 per cent foreign owned company will invest $2.048 million in setting up their unit and will produce fashionable wigs and hair related items. The company will also create employment opportunity for 225 Bangladeshi nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zone Authority and Evergreen Products Factory (Mongla) Limited at BEPZA Complex in Dhaka on Thursday.

Md Moyjuddin Ahmed, member (investment promotion) of BEPZA, and Chan Chi Wai Alfred, director of Evergreen Products Factory (Mongla) Limited, signed the agreement on behalf of their respective sides.

source:http://www.newagebd.com/2010/nov/13/busi.html#8

UK co’s $ 800m plan to develop Mongla port

UK co’s $ 800m plan to develop Mongla port

Mongla Port. Source: http://www.mpa.gov.bd/

FE Report

A British company has submitted a US$ 800 million plan for the development of Mongla port to make it an efficient transit port which will cater to the need of the neighbours.

Port Evolution Management Company in its development plan said that the project will include a container terminal, an oil terminal, a water treatment plant and a special economic zone with its own 300-450 megawatt (mw) power plant.

The company Thursday made a presentation at the shipping ministry where Shipping Minister Shahjahan Khan, Secretary Abdul Mannan Howlader, British High Commissioner Stephen Evans, Chairman of Port Evolution James Sutcliffe and other officials were present.

The shipping minister said importance of Mongla port is immense as Nepal and Bhutan will use it as a transit port.

“We will evaluate the proposal and take further decision,” he said adding “it will be done through public private partnership (PPP).”

The ministry signed an agreement a year back and the company, after evaluating all the aspects, submitted the proposal.

Howlader said under the PPP, the government will provide land and logistics and other development works will be done by the private party.

Port Evo is a worldwide company specialised in Greenfield port development and its achievements include a current $ 300 million development project in Nigeria, development of Poland’s largest deep-sea container terminal in 2007 and ownership and operation of some successful ports of UK.

source:http://www.thefinancialexpress-bd.com/more.php?news_id=117412&date=2010-11-12

UK co’s $ 800m plan to develop Mongla port

UK co’s $ 800m plan to develop Mongla port

Mongla Port. Source: http://www.mpa.gov.bd/

FE Report

A British company has submitted a US$ 800 million plan for the development of Mongla port to make it an efficient transit port which will cater to the need of the neighbours.

Port Evolution Management Company in its development plan said that the project will include a container terminal, an oil terminal, a water treatment plant and a special economic zone with its own 300-450 megawatt (mw) power plant.

The company Thursday made a presentation at the shipping ministry where Shipping Minister Shahjahan Khan, Secretary Abdul Mannan Howlader, British High Commissioner Stephen Evans, Chairman of Port Evolution James Sutcliffe and other officials were present.

The shipping minister said importance of Mongla port is immense as Nepal and Bhutan will use it as a transit port.

“We will evaluate the proposal and take further decision,” he said adding “it will be done through public private partnership (PPP).”

The ministry signed an agreement a year back and the company, after evaluating all the aspects, submitted the proposal.

Howlader said under the PPP, the government will provide land and logistics and other development works will be done by the private party.

Port Evo is a worldwide company specialised in Greenfield port development and its achievements include a current $ 300 million development project in Nigeria, development of Poland’s largest deep-sea container terminal in 2007 and ownership and operation of some successful ports of UK.

source:http://www.thefinancialexpress-bd.com/more.php?news_id=117412&date=2010-11-12

Golden Harvest to go for expansion

Golden Harvest to go for expansion

Nisha Desai Biswal, third from left, USAID assistant administrator, and Rajeeb Samdani, fourth from left, managing director of Golden Harvest Agro Industries, pose with other high officials of the two organisations on a visit to Golden Harvest's factory in Gazipur yesterday. Photo: Golden Harvest

Star Business Report

Golden Harvest Agro Industries Ltd will go for expansion with an investment of $33 million by setting up collection centres, a cold storage chain and launching a new product line by the end of 2011.

“We have an expansion plan of $33 million,” said Rajeeb Samdani, managing director of the company, yesterday.

Samdani also said there is a huge demand for frozen and processed food in Bangladesh.

He was briefing Nisha Desai Biswal, USAID assistant administrator from its headquarters in Washington, USA, as Biswal visited the company’s factory in Gazipur.

Biswal, who was appointed by US President Barack Obama on July 2010, is now an official tour to Bangladesh. Golden Harvest is a USAID-PRICE partner project.

Samdani said they would set up collection centres for horticultural products to eliminate the post-harvest losses and intermediary costs.

The company will initially establish five collection centres at the most strategic points of Bangladesh to buy agro products directly from the farmers.

The official said such a move will reduce their production outlay because the costs associated with the middlemen will go down significantly.

The company will also set up a countrywide cold storage chain, covering six divisions. A central cold storage depot in Dhaka will link 24 storehouses and 15,000 refrigerators with retail outlets across the country.

The company that posted a Tk 35 crore turnover last year also plans to focus on ‘ready to eat’ products.

The official said 40-45 percent of the earnings came from exports.

“We want to satisfy our customers by providing ‘ready to eat’ foods at comparatively low prices, for example, at Tk 35 a meal,” said Samdani.

French fries, chicken nuggets, paratha, chicken burger patty, spring roll, fish fingers, vegetable samosa are some of the products that the company exports now.

It also plans a massive scale launch of these products on the local market, in line with the changing food habit in Bangladesh.

Chief Operating Officer of the company Mohius Samad Chowdhury said they will open 2,000 outlets across the country by next year to sell these food products.

The company will keep the prices of its ago products same round the year, said the official.

The products for export and the local market will be of same standards, he added.

Golden Harvest Agro Industry, which started its operations in May 2006, exports to Bhutan, UAE, Australia, UK, Spain, Belgium, Italy, US and Canada under the brand names of Golden Harvest and Shahjalal.

source:http://www.thedailystar.net/newDesign/news-details.php?nid=162490

Golden Harvest to go for expansion

Golden Harvest to go for expansion

Nisha Desai Biswal, third from left, USAID assistant administrator, and Rajeeb Samdani, fourth from left, managing director of Golden Harvest Agro Industries, pose with other high officials of the two organisations on a visit to Golden Harvest's factory in Gazipur yesterday. Photo: Golden Harvest

Star Business Report

Golden Harvest Agro Industries Ltd will go for expansion with an investment of $33 million by setting up collection centres, a cold storage chain and launching a new product line by the end of 2011.

“We have an expansion plan of $33 million,” said Rajeeb Samdani, managing director of the company, yesterday.

Samdani also said there is a huge demand for frozen and processed food in Bangladesh.

He was briefing Nisha Desai Biswal, USAID assistant administrator from its headquarters in Washington, USA, as Biswal visited the company’s factory in Gazipur.

Biswal, who was appointed by US President Barack Obama on July 2010, is now an official tour to Bangladesh. Golden Harvest is a USAID-PRICE partner project.

Samdani said they would set up collection centres for horticultural products to eliminate the post-harvest losses and intermediary costs.

The company will initially establish five collection centres at the most strategic points of Bangladesh to buy agro products directly from the farmers.

The official said such a move will reduce their production outlay because the costs associated with the middlemen will go down significantly.

The company will also set up a countrywide cold storage chain, covering six divisions. A central cold storage depot in Dhaka will link 24 storehouses and 15,000 refrigerators with retail outlets across the country.

The company that posted a Tk 35 crore turnover last year also plans to focus on ‘ready to eat’ products.

The official said 40-45 percent of the earnings came from exports.

“We want to satisfy our customers by providing ‘ready to eat’ foods at comparatively low prices, for example, at Tk 35 a meal,” said Samdani.

French fries, chicken nuggets, paratha, chicken burger patty, spring roll, fish fingers, vegetable samosa are some of the products that the company exports now.

It also plans a massive scale launch of these products on the local market, in line with the changing food habit in Bangladesh.

Chief Operating Officer of the company Mohius Samad Chowdhury said they will open 2,000 outlets across the country by next year to sell these food products.

The company will keep the prices of its ago products same round the year, said the official.

The products for export and the local market will be of same standards, he added.

Golden Harvest Agro Industry, which started its operations in May 2006, exports to Bhutan, UAE, Australia, UK, Spain, Belgium, Italy, US and Canada under the brand names of Golden Harvest and Shahjalal.

source:http://www.thedailystar.net/newDesign/news-details.php?nid=162490

Bangladesh fair in Canada next month

Bangladesh fair in Canada next month

United News of Bangladesh . Dhaka

Bangladesh will hold a single-country fair in Canada next month aiming to expand the market of North America for Bangladeshi products.

The three-day solo fair titled ‘Expo Bangladesh 2010’ will start May 26 in Toronto.

About 45 reputed Bangladeshi companies are schedule to participate the fair.

A six-member team of the Canada Bangladesh Chamber led by its president Masud Rahman met commerce minister Faruk Khan on Wednesday at his office to invite the minister for participating at inaugural function of the fair.

The minister assured the delegation of his government’s all-out support to expand trade between the two countries.

Bangladesh will showcase their major exportable items including readymade garments, knitwear, ceramic, footwear, leather goods, frozen foods, jute goods and handicrafts in the fair.

source:http://www.newagebd.com/2010/apr/08/busi.html#9