ADB’s assistance will finance new food processing facilities to produce potato chips, potato flakes, and pasta. “ADB’s second loan to SAL will further improve the agribusiness sector in Bangladesh through increased private sector investment. The project is ADB’s first repeat assistance to a private sector borrower in agribusiness. In 2012, ADB approved a $25.1 million loan to SAL for the construction of processing facilities, including for liquid glucose and starch made from cassava sourced from contract farmers. In addition, the group has engaged with more than 100,000 contract farmers across various crops.

Source: bd News24 March 19, 2019 18:11 UTC