Dhaka: The government today approved a proposal in principle for signing an agreement between Bangladesh Chemical Industries Corporation (BCIC) and SABIC Agri-Nutrients Company of Saudi Arabia to import urea fertilizer under a government-to-government (G2G) arrangement for the current fiscal year. This decision was made during the 23rd meeting of the Advisers Council Committee on Economic Affairs, held at the Cabinet Division Conference Room in the Bangladesh Secretariat, chaired by Finance Adviser Dr Salehuddin Ahmed.
According to Bangladesh Sangbad Sangstha, the meeting resulted in the approval of a significant proposal aimed at ensuring a steady supply of urea fertilizer, which is essential for the country's agricultural sector. This agreement with SABIC Agri-Nutrients Company is expected to facilitate the import of necessary urea quantities to meet the demands of local farmers and support agricultural productivity.
In addition to the urea import agreement, the committee also gave in-principle approval to another proposal involving Jalil Textile Mills Limited in Chattogram. The plan is to transfer the mill, currently under the Bangladesh Jute Mills Corporation (BJMC), to the Bangladesh Army. This move is intended to expand the Bangladesh Ordnance Factories (BOF) in the Chattogram area, thus bolstering the country's defense manufacturing capabilities.
The meeting was attended by relevant advisers and secretaries, highlighting the importance of these decisions in contributing to the nation's agricultural and defense sectors.