Bangladesh Govt to get 5 lakh tonnes of wheat from Russia

Business
Bangladesh Govt to get 5 lakh tonnes of wheat from Russia
The federal government has taken steps for faster import of 5 lakh tonnes of wheat from Russia.

The cabinet committee on monetary affairs yesterday approved a proposal in this regard to generate the cereal from the Russian Federation under a government-to-government initiative.

For faster import, the cabinet committee also reduced the tender submission time to 15 days from 45 days since the publication of the tender in newspapers.

This time the government will procure 2 lakh tonnes of wheat following direct purchase method and the others 3 lakh tonnes through open tender.

In the revised cover fiscal 2020-21, the government wished to import 5.66 lakh tonnes of wheat nonetheless it could generate 4.78 lakh tonnes by June 23 this year.

For the upcoming fiscal year of 2021-22, the wheat import target has been set at 5 lakh tonnes.

In an interval between July 1 in 2019 to June 30 in 2020, the federal government imported over 64 lakh tonnes of wheat.

Of it, 367.59 lakh tonnes were brought in by the federal government and 5.99 lakh tonnes by private importers.

Yesterday, the cabinet committee on public purchase also gave the go-ahead to another proposal to import 33.6 lakh Metric Million British Thermal Unit of liquefied natural gas (LNG).

Petrobangla under the fuel and mineral resources division provides in the LNG from US firm M/S. Excelerate Energy LP at a price of over Tk 448 crore.
Tags :
Share This News On: