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25 March, 2019 01:53:28 AM

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Diversify product to make sugar mills profitable

Says industries minister
STAFF REPORTER, Dhaka
Diversify product to make sugar mills profitable

The government has initiated a move to diversify products in the state-owned sugar mills by tapping the existing potential in order to make them profitable.

Industries Minister Nurul Majid Mahmud Humayun yesterday asked the authorities concerned to take up projects for product diversification in the

state-owned sugar mills to achieve the capability to sustain in the competitive market.

 “For making the sugar mills profitable, we will have to produce other foods side by side sugar. We will have to take projects to implement the product diversification initiative,” he said.

The minister was speaking at a meeting for reviewing the implementation progress of the projects under Annual Development Programme (ADP) for the fiscal 2018-19 at the industries ministry in the capital, said a press statement said.

Mentioning the sugar industry as an important sector for the country, Humayun emphasised on taking initiatives to produce new products.

BSS adds: He advised the authorities concerned to take large projects instead of small projects for expediting the process of food production in the state-owned sugar mills by using the existing raw material.

Industries Secretary M Abdul Halim and senior officials of the Industries Ministry and different organizations and corporations under the ministry were present at the meeting.

As the sugar mills have been incurring losses every year, the ministry has taken up the projects to produce paper, food products and electricity considering the potential of the mills.

Officials said the sugar mills have vast unused lands that could be utilised to produce paper and food items and set up power plants for generating electricity using either coal or sugarcane coir.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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