Thursday, February 3, 2011

Bangladeshi Company Invest US$ 1.22 m in Uttara EPZ


http://www.bssnews.net/newsDetails.php?cat=2&id=158604&date=2011-02-01
Bangladeshi Company Invest US$ 1.22 m in Uttara EPZ
Uttara Export Processing Zone. Source: http://www.epzbangladesh.org.bd/
DHAKA, Feb1 (BSS)- M/s SA international, a Bangladeshi Company, will set up a Sweater Manufacturing Industry in Uttara Export Processing Zone.
Fully Bangladeshi owned company will invest US$ 1.22 million in setting up their unit to produce sweater items. The company will also create employment opportunity for 525 persons including 2 foreign nationals.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and M/s SA International in BEPZA Complex, Dhaka yesterday.
Moyjuddin Ahmed, Member (Investment promotion) of BEPZA and Siddiqul Alam, executive partner of the company signed the agreement on behalf of their respective organizations.
Major General A T M Shahidul Islam, Executive Chairman of BEPZA, among others, were present at the signing ceremony.

Barisal emerging as a shipbuilding zone


http://www.thefinancialexpress-bd.com/more.php?news_id=124567&date=2011-02-01
Barisal emerging as a shipbuilding zone
Barisal Division. Source: http://en.wikipedia.org/wiki/Barisal_Division
A Correspondent
BARISAL, Jan 31: Barisal is going to emerge as a shipbuilding zone which is already been enriched with at least 10 shipyards.
Meanwhile, these shipyards are capable of floating a good number of passenger vessels and cargo ships that ply through different domestic water routes and in coastal areas with capacities up to 2500 tonnes and also several lighters which are engaged in Chittagong and Mongla Port.
It is becoming evident that some owners of the passenger vessels of south Bengal including Barisal are now showing interest in cargo ship and lighter business.
Crescent Shipping Lines built two lighters which are now engaged in unloading freight at Chittagong wharf. On the other hand, the shipyard situated at Dapdapia built several cargo ships.
Golam Mawla, Owner of Crescent Navigation, pointed out that Barisal region had been having a heritage of shipbuilding from ancient period.
“Most of the large double-and triple-decker luxury passenger carrying water vessels now plying on major river routes of the country were built here maintaining international standards,” Mawla said.
Before liberation, Azahar Uddin, owner of a Bhola launch company, set up a dockyard on the bank of Shaheber Hat Channel to repair small launches.
After liberation, Golam Mawla, the pioneer navigation investor, founded a small dockyard there but in the course of time that dockyard is now quite capable of building massive passenger vessels like ‘the Surovi-7′, a modern luxurious ship’.
Prime Shipping Lines, an associate of Sundarban Navigation Company, has built the biggest cargo ship of Barisal.
Another lighter ‘Sundarban-4′ of 182 feet long and 32 feet wide with15 feet loaded draft and a capacity of 1300 tonnes, equipped with two Chinese engines of 300 HP (horse power) has been rendering its service well. To accomplish “Sundarban-4″ the craftsmen took about one year.
The biggest and most modern and luxurious passenger carrying vessel ‘Sundarban-7′ also slides down to its waterway from this shipyard.
Kawsar Hossain, Deputy Director. Environment Bureau, Barisal and Linkon Bain, Resource Officer, Bangladesh Environment Lawyers’ Association, Barisal Division, opined that shipyard establishment in Chittagong caused deforestation there which was harmful to the environment but to establish shipyard in vast sands area on the bank of the Kirtonkhola river will not do that.
Md Shamsul Haq, Senior Program Officer, The Asia Foundation, a non-government orgaisation that has been working on the development of business and investment, said that the government is going to make a policy on shipbuilding industry.
“For the development of Barisal shipyard, dredging and sanctioning long term loan have to be included therein”, said he.
At the same time necessary attempts should be made to attract foreign investors.
Saidur Rahaman Rintu, Senior Vice-President of the Barisal Chamber of Commerce and Industries as well as Secretary of District Business Forum, Barisal, said that the shipyards situated at Dapdapia and Beltala on the bank of Kirtonkhola had built launches and coastal ships and seven more cargo ships with capacities of 1500-2500 tonnes are under construction there. Three of them are about to be completed.
About 350 workers are engaged in different shipyards in Barisal.
As Barisal is a riverine district, it is much more convenient to carry raw materials to Barisal by river.
So shipbuilding industries in Barisal hold a bright prospect to notably contribute to the national economy as the Garments Industries.

Govt plans to strengthen consumer rights protection


http://www.thefinancialexpress-bd.com/more.php?news_id=124895&date=2011-02-03
Govt plans to strengthen consumer rights protection
Talha Bin Habib
The government has planned to strengthen the functions of the Directorate of National Consumers Right Protection (DNCRP), officials said.
As part of the plan, there will be offices of DNCRP in all districts to protect the rights of the consumers.
To this end, initially, the ministry of finance has already given approval for 233 posts of the department.
“DNCRP started functioning last year. We have taken a move to set up our offices at the district level so that unscrupulous traders cannot violate consumers rights,” Md Abul Hossain Mian, additional secretary and director general (DG) of DNCRP, told the FE.
Asked when the district offices of his organisation could start their functions, he said, “We hope they will start in near future once the government decision on determining the required manpower is finalised and subsequent completion of appointments”.
About the function of his organisaiton he said, the main function of the DNCRP is to stem unscrupulous traders for not selling date expired and spurious commodities that kept in packet to the customers.
He said if any consumer feels cheated and deprived by unscrupulous trader then he/ she could lodge complain to the authority of DNCRP.
“The DNCRP fights for the protection of the consumers’ rights after filling the law suit by the deprived customer. If the court gives order for giving financial compensation to the ‘deprived and aggrieved’ consumers then they could get a considerable portion of fined money”.
He said the officials of DNCRP, in their on going raids to different shops and markets in the capital have realised notable amount of taka from the unscrupulous traders.
Earlier the government has formed National Consumers Rights Protection Council (NCRPC). The commerce minister is the chairman of the council.
The function of the NCRPC is to monitor the activities of the DNCRP. It will also provide necessary policy supports and guidelines to the DNCRP.
Representatives of different chamber bodies such as FBCCI, BSTI, CAB, are also the members of the NCRPC.

2 agro-processing units in the offing in Rajshahi region


http://www.theindependentbd.com/business/others/32637-2-agro-processing-units-in-the-offing-in-rajshahi-region.html
2 agro-processing units in the offing in Rajshahi region
BSS
RAJSHAHI, Feb 3: Construction works of two modern agro- processing factories are progressing fast in the region with an ultimate goal of adding value of the agricultural products especially mango, tomato and potato. A plant named Hashem Agro-processing Industry is being built on 40 bighas of land at Rishikul under Godagari upazila of the district with the initiative of Sazib Corporation setting target to manufacture mango pulp in the coming mango season.
Another factory is being planned be Vegan Group on 50 bighas of land at Rohanpur under Chapainawabgonj district, where a pulping plant will also be established.
With this venture, cold storage for both mango and tomato is going to be built for the first time in the two districts.
In addition to pulp preservation, the factories will preserve mango, tomato and potato in small-scale.
Sohel Rana, Plant Manager of Hashem Agro-processing Industry, told BSS that the plant will process 30,000 tons of mango and 20,000 tons of tomato every year for producing pulp with ultimate goal of manufacturing mango-juice and tomato-sauce respectively. “We will establish cold storage assembling modern machineries for the pulp preservation,” Sohel Rana said.
He added that the plant will also have provision for preservation of adequate mango, tomato and potato after segregating the quality ones with modern automatic machine.
On commissioning, he said around 500 people will get job in the factory directly, which will benefit another around one lakh people indirectly.

Export to US sees robust growth

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http://www.theindependentbd.com/business/finance/32603-export-to-us-sees-robust-growth.html
Export to US sees robust growth
UNB
Dhaka, Feb 3: Export earnings from the United States, the largest market for Bangladesh goods, registered 41.47 percent growth in the first four months (July-October) of the current fiscal with buoyant performance of readymade garments, frozen shrimp and home textiles. Export earnings from the US in the July-October period of fiscal 2010-11 totaled US$ 1626.05 million compared to US$ 1149.43 million during the corresponding period of last fiscal (2009-10).
The amount was 24.19 percent of the total export earnings of the first four months.
According to statistics provided by the Export Promotion Bureau (EPB), the export of RMG items including knitwear to the US amounted to US$ 1486.37 million in July-October 2010 compared to US$ 1076.79 million during the corresponding period of 2009.
The RMG items including knitwear witnessed 38.04 per cent growth in the US market.
The major exports to the US market during the period were woven garment ($1053.43 million), knitwear ($432.94 million), frozen shrimp ($34.44 million), cap ($12.79 million) and home textiles ($ 28.62 million).
During the July-October period, around 44.84 percent of the country’s total woven garment exports entered US market, followed by knitwear 14.99 per cent and frozen shrimp 19.97 per cent.
Bangladesh’s export earnings from the US in the 2009-10 fiscal totaled US$ 3.14 billion, a 7.74 per cent fall over US$ 3.4 billion registered in 2008-09 mostly because of the global economic recession.
Exports of RMG including knitwear witnessed a sharp fall of over 6 per cent in |the last fiscal (2009-10) fetching US$ 2.9 billion as against US$3.1 billion in fiscal 2008-09.
The last fiscal (2009-10) marked the end of an up-and-down decade for Bangladesh exports to the US.
From a high of US $2.5 billion during the 2000-01 fiscal, exports had fallen below US$ 2 billion by 2003-04. Exports rose steadily to cross the US$ 3 billion mark in 2005-06, and peaked at nearly US$ 3.6 billion during the 2007-08 fiscal.

Govt plans Tk 14,876cr infrastructure spending


http://www.theindependentbd.com/business/finance/32642-govt-plans-tk-14876cr-infrastructure-spending.html
Govt plans Tk 14,876cr infrastructure spending
STAFF REPORTER
DHAKA, FEB 3: In the Sixth Five Year Plan (SFYP), the government aims to connect all rural areas with national road network in order to provide basic social access and promote pro-poor growth, along with neighbouring countries, through regional cooperation forums. Over the next five years, the government would invest about Tk. 14,876 crore in developing the transport system.
According to the SFYP, about 5,416 km of new roads would be constructed over next five years. There would also be 7,809 km of rehabilitation, 45,107 metres of bridge, culverts and overpass constructions, 6,229 metres of bridges and culverts would be reconstructed, and 730 metres of tunnel would be constructed during the period.
Communication minister Syed Abul Hossein, shipping minister Shahjahan Khan, civil aviation and tourism minister GM Quader, chairman of university grant commission Prof. Nazrul Islam, former adviser Prof. Jamilur Reza Chowdhury, secretaries of concerned ministries, transport and urban experts and high officials, among others, were present at the dialogue.
GED member Dr Shamsul Alam placed a presentation on the topic.
Political and economic philosophy of the present grand-alliance government has been reflected in Vision 2021, planning minister AK Khandaker said, adding, “This perspective plan will be materialised through implementing two five years plan.”
He was addressing as the chairman of the national dialogue of SFYP on “Transport services for reducing trade logistic cost”, organised by general economic division of Planning Commission, at the conference room of national economic council (NEC), at Sher-e-Banglanagar. He assured that the suggestions of experts and ministries would be incorporated in the plan, to achieve GDP growth of 8 per cent, and to make a country a middle income one by 2021.
Communication minister Syed Abul Hossein said the government had undertaken a number of initiatives for development of railways.
Criticising the previous government, he pointed out that the four-party alliance government had not taken any initiative to develop the railways.
He further said that necessary suggestions and opinions would be received from the communication ministry, within one week, which will be incorporated in the plan.
Shipping minster Shahjahan Khan alleged that the suggestions placed by Bangladesh Inland Water Transport Corporation (BITWC) had not been incorporated in the plan.
Civil aviation and tourism minister GM Quader said that the tourism sector needs to be emphsised in the SFYP.
GED member Dr Shamsul Alam said in his presentation that traffic is forecasted to grow by three times over the next 20 years, leading to a need to increase capacity significantly.
Maintenance needs a higher priority, more resources, improved management and better quality, he added.
Alam proposed to increase Bangladesh railway market share from 4 per cent-15 per cent in freight transport, 10 per cent-15 per cent in container transport between Dhaka and Chittagong port.
He further recommended introduction of modern technology, such as metro rail, mono rail and electric traction, particularly for Dhaka city, as well as improvement of financial performance through efficiency measures.

Govt plans Tk 14,876cr infrastructure spending


http://www.theindependentbd.com/business/finance/32642-govt-plans-tk-14876cr-infrastructure-spending.html
Govt plans Tk 14,876cr infrastructure spending
STAFF REPORTER
DHAKA, FEB 3: In the Sixth Five Year Plan (SFYP), the government aims to connect all rural areas with national road network in order to provide basic social access and promote pro-poor growth, along with neighbouring countries, through regional cooperation forums. Over the next five years, the government would invest about Tk. 14,876 crore in developing the transport system.
According to the SFYP, about 5,416 km of new roads would be constructed over next five years. There would also be 7,809 km of rehabilitation, 45,107 metres of bridge, culverts and overpass constructions, 6,229 metres of bridges and culverts would be reconstructed, and 730 metres of tunnel would be constructed during the period.
Communication minister Syed Abul Hossein, shipping minister Shahjahan Khan, civil aviation and tourism minister GM Quader, chairman of university grant commission Prof. Nazrul Islam, former adviser Prof. Jamilur Reza Chowdhury, secretaries of concerned ministries, transport and urban experts and high officials, among others, were present at the dialogue.
GED member Dr Shamsul Alam placed a presentation on the topic.
Political and economic philosophy of the present grand-alliance government has been reflected in Vision 2021, planning minister AK Khandaker said, adding, “This perspective plan will be materialised through implementing two five years plan.”
He was addressing as the chairman of the national dialogue of SFYP on “Transport services for reducing trade logistic cost”, organised by general economic division of Planning Commission, at the conference room of national economic council (NEC), at Sher-e-Banglanagar. He assured that the suggestions of experts and ministries would be incorporated in the plan, to achieve GDP growth of 8 per cent, and to make a country a middle income one by 2021.
Communication minister Syed Abul Hossein said the government had undertaken a number of initiatives for development of railways.
Criticising the previous government, he pointed out that the four-party alliance government had not taken any initiative to develop the railways.
He further said that necessary suggestions and opinions would be received from the communication ministry, within one week, which will be incorporated in the plan.
Shipping minster Shahjahan Khan alleged that the suggestions placed by Bangladesh Inland Water Transport Corporation (BITWC) had not been incorporated in the plan.
Civil aviation and tourism minister GM Quader said that the tourism sector needs to be emphsised in the SFYP.
GED member Dr Shamsul Alam said in his presentation that traffic is forecasted to grow by three times over the next 20 years, leading to a need to increase capacity significantly.
Maintenance needs a higher priority, more resources, improved management and better quality, he added.
Alam proposed to increase Bangladesh railway market share from 4 per cent-15 per cent in freight transport, 10 per cent-15 per cent in container transport between Dhaka and Chittagong port.
He further recommended introduction of modern technology, such as metro rail, mono rail and electric traction, particularly for Dhaka city, as well as improvement of financial performance through efficiency measures.