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Dhaka Tribune

Chinese firm to invest $33m in agro-processing sector

It will also set up three agricultural processing industries in Bangladesh

Update : 16 May 2019, 11:45 PM

A Chinese company will invest $33 million in Bangladesh's agro-processing sector, Chinese Ambassador in Dhaka, Zhang Zuo, has said.

He came up with the remarks during a meeting with Agriculture Minister Dr Abdur Razzaque at the Secretariat, reports UNB.

The Chinese firm will set up three agricultural processing industries in Bangladesh, Zou said.

He also praised Bangladesh for its development in health, education and economic sectors, and said China will import agricultural products from here.

Zou further said his country will work with Bangladesh to curb terrorism and militancy and that China wants a solution to the current Rohingya crisis.

Meanwhile, the agriculture minister said the government is working to turn the country into a developed one by 2041, including modernizing the agriculture sector to ensure quality food and nutrition for all.

Replying to a query, he said: "Farmers are not getting fair prices of their produce. The government is working with utmost importance to ensure fair prices of paddy. We are also thinking exporting rice."

Zheng Tianzhuo, director of the political section of the Chinese Embassy in Dhaka, and Hu Zhiying, of the political section, were present at the meeting.

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