Bangladesh : Private co allowed to import 1.0m tonnes of sugar, lentil
The government has permitted Sincos Automation Technologies Limited to import 1 million tonnes of sugar and lentils—0.5 million tonnes each—for sale through the Trading Corporation of Bangladesh’s subsidised sales drive. Imports must comply with BSTI and international standards under the Import Policy Order 2021–2024, benefiting about 6 million families.
The government has allowed Sincos Automation Technologies Limited, a private company, to import 1.0 million tonnes of sugar and lentils for sale under the state-run Trading Corporation of Bangladesh’s (TCB) sales drive.
The Ministry of Commerce (MoC) recently granted approval through an official order following the company’s request.
According to an MoC official, with imports of sugar and lentil now open to the private sector, the company can import 0.5 million tonnes of sugar and 0.5 million tonnes of lentil.
Under the Import Policy Order 2021-2024, imports of lentils and sugar through Letters of Credit (LCs) are allowed on a commercial basis, the official said. The order also stipulates that the imported products must comply with international standards and the Bangladesh Standards and Testing Institution (BSTI) specifications.
The official added that both items will be sold through the TCB’s ongoing essential items sales drive, which currently distributes edible essentials, sugar, and lentil at subsidised prices to around 6 million families nationwide.
Currently, the state-run TCB is running a sales drive of essential items, including edible oil, sugar, and lentils, at subsidised prices for about 6.0 million families nationwide.
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Source : The Financial Express
