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Govt Approves Procurement of 90,000 Metric Tons of Fertilizer, 1.10cr Liters of Soybean Oil

Soybean Oil fertilizer

During the 39th meeting of the Cabinet Committee on Government Purchase (CCGP), the government approved several crucial proposals. This includes the procurement of 90,000 metric tons of fertilizer and 1.10 crore liters of soybean oil, aiming to meet the rising demand in the country.

Two separate proposals were also given the green light for fixing the power tariff for two power plants. The state-run Trading Corporation of Bangladesh (TCB) will be responsible for procuring soybean oil from Green Nation Builders & Developers in India. Cabinet Division additional secretary, Sayeed Mahbub Khan, shared details on the approved power tariffs. This includes the 11 MW waste-based power plant in Brahmanbaria and the 100MW AC solar-based power plant in Sonagazi.

Furthermore, the Bangladesh Chemical Industries Corporation (BCIC) received approval for the procurement of urea fertilizer. The BCIC will acquire consignments from Muntajat in Qatar, KAFCO in Bangladesh, and SABIC Agri Nutrients Company in Saudi Arabia. Additionally, the CCGP meeting greenlit a road project involving the upgrading of the Aricha-Gheor-Doulatpur-Nagarpur-Tangail regional highway.

In a separate meeting, the Cabinet Committee on Economic Affairs convened and approved the maintenance of the import agreement for non-urea fertilizer from six countries. These include Saudi Arabia, Morocco, Tunisia, Canada, Russia, and Belarus. The government will also initiate the procurement of non-urea fertilizer (TSP, DAP, MoP) from three more countries: China, Malaysia, and Jordan.

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