The government has provided Tk25 crore to Bangladesh Sugar and Food Industries Corporation as subsidy to purchase sugarcane during harvesting season in the current fiscal year. This is to meet seasonal shortage of capital needed to purchase sugarcane for sugar industry, the letter said. However, the disbursement should not be seen as an example in future to provide funds for procuring sugarcane during harvesting season, it added. The government disbursed Tk50 crore to BSFIC in the FY2015-16, Tk135 crore in FY2014-15 and Tk175 crore in FY2013-14 for the same purpose. According to Bangladesh Economic Review 2016, the BSFIC reduced its loss to Tk462.39 crore in FY2015-16 from Tk539.7 crore a year ago.

Source: Dhaka Tribune March 12, 2017 17:12 UTC