They staged a demonstration, blocked roads, and submitted written applications to the local electricity office, upazila nirbahi officer, and deputy commissioner. They also talked to the Rangpur divisional commissioner to get electricity for the irrigation pump. But they are yet to get it.
Six loss-making sugar mills owned by the state were shuttered in 2020 so that they may undergo modernisation and eventually become commercially viable once again.
Sugarcane production and acreages in Bangladesh have more than halved in the last two decades as farmers find it difficult to generate a steady stream of profit from the crop, official figures showed.
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Foreign firms team up to upgrade closed sugar mills
Submit final proposal on Tk 5,000cr modernisation plan
Brown sugar being sold for Tk 65 per kilogramme in front of the Bangladesh Sugar & Food Industries Corporation in the capital’s Motijheel. Photo: Amran Hossain
Companies from Japan, Thailand and the United Arab Emirates have teamed up to upgrade the recently shuttered six sugar mills of the Bangladesh Sugar & Food Industries Corporation (BSFIC), ensure profitability and export by-products.
Sutech Engineering Co of Thailand, Sharkara International of the UAE and Sojitz Machinery Corporation of Japan will invest Tk 5,000 crore under a joint venture within the next two years.