In order to establish a temperature-controlled logistics network to develop cold storage refrigeration warehouses in Bangladesh, The United States Trade and Development Agency (USTDA) has awarded a feasibility study grant. Its aim is to improve food security and reduce food losses, reports BSS.
“The study's goal is to lower costs and reduce losses of dairy, meat, and other food products, resulting in improved food security for people across Bangladesh,” said a press release disseminated by the US embassy in Dhaka on Sunday.
The press release also added that Bonton Foods Limited was awarded the study grant, which has chosen Minnesota-based Land O'Lakes Venture37 to carry out the study. USTDA Director Enoh T. Ebong said,” Facilitating private sector investment is vital to Bangladesh's food security goals. Our partnership with Bonton Foods will help mobilize capital and deploy innovative solutions that address the needs of Bangladesh's people.”
Mr T. Ebong also emphasized that US technology can play a vital role in this aspect. Helen LaFave, Charg, d'Affaires at the US Embassy Dhaka, also emphasized the importance of temperature-controlled logistics for Bangladesh.
"Cold chain infrastructure can diversify export opportunities and meet the growing demands of Bangladesh's middle class," said Helen LaFave. Helen LaFave also emphasized how the study can bring new US investment opportunities in this particular sector.
Bangladesh’s current cold storage capacity is 2.7 million metric tons. However, the existing infrastructure cannot fulfill the demand, especially in the rural area. The lack of mechanical refrigeration is one of the many reasons why this is the case. The study, backed by USTDA, aims to address these issues and improve the infrastructure.
The initiative supports key priorities of the Biden-Harris Administration, including the "Feed the Future" program, which focuses on improving global food security.
Bd-pratidin English/ Rafid
