Saturday, March 24, 2018 02:05:12 PM
Economic Reporter :
The government has taken three projects involving Tk 194.38 million for separate areas of the country to increase tea production which is expected to help earn more foreign currencies after fulfilling the local demand.
The projects are: Extension of small holding tea cultivation in northern Bangladesh, eradication of rural poverty by expanding small holding tea cultivation in Lalmonirhat and extension of small holding tea cultivation in the Chittagong Hill Tracts.
According to an official document, the extension of small holding tea cultivation in northern Bangladesh will be implemented in greater Panchgar, Thakurgaon, Lalmonirhat, Dinajpur and Nilphamari districts involving Tk 49.76 million. Some 500 hectares of land in these five districts will be brought under the project.
The Commerce Ministry gave approval to the project on November 10, 2015 while the physical development of this project is 44.47 percent and financial advancement is 36 percent so far.
One hundred hectares of land in Lalmonirhat will be brought under the eradication of rural poverty by extension of small holding tea cultivation project with Tk 44.68 million, the document reveals.
The Commerce Ministry approved the project on November 10, 2015, while its physical development has been 30.91 percent and the financial advancement 52.68 percent so far.
The extension of small holding tea cultivation in the CHT project got the approval from the Commerce Ministry on June 19 last year.
The implementation of this project will cost Tk 99.93 million.
The physical advancement of this project has so far been 63.58 percent while the financial advancement 61.03 percent, the official document shows.
According to the available data from Bangladesh Tea Board, the country produces 85.05 million kg tea per calendar year while the local demand is 81.64 million kg. Last year, Bangladesh exported 0.60 million kg of tea.
In 2007, Bangladesh produced 58.19 million kg of tea with 1090 kg per hectare while the production increased to 85.05 million kg in 2016 with 1587 kg per hectare.
Bangladesh imported 7.70 million kg of tea in 2016 while the amount was 4.13 in 2011. The country exported 10.56 million kg in 2007 while the amount reduced to 0.47 million kg in 2016.
Currently, there are 162 tea gardens in the country which use 59,018 hectares of land. The cultivable land for tea garden is now 64886.25 hectares. The future cultivable land has been measured to be 5868.25 hectares.
Meanwhile, the Bangladesh Tea Board through its research wing invented BT-19 and BT-20 verities of clone tea and the production capacity of these two varieties is 4000 kg per hectare.
The Tea Board has prepared a mobile application titled 'Duti pata ekti kunri' for the people concerned and tea lovers. The app will be opened for all soon with tea related information
MEDIA reports on Friday said depositors in Farmers Bank have filed complaints with the Bangladesh Bank for failing to repay their deposits on maturity to the tune of around Tk 884 crore. It is feared more such complaints may continue to pour into the central bank as Farmers Bank's financial ...
Actor Kiara Advani is on a career high - she's shot for a Karan Johar film, her Telugu debut with south superstar Mahesh Babu is releasing soon, she'll start shooting for another Telugu film with Ram Charan Teja, and there are rumours that she will soon sign Housefull 4 too. ...
Reuters, Brussels :European Union leaders backed Britain on Thursday in blaming Moscow over a nerve agent attack on a former Russian spy in England and recalled their envoy to Moscow in a symbolic protest.The show of support from the EU, at a time when Britain is grappling with its departure ...
ECONOMISTS have asked for easing the cost of doing business and implement massive regulatory reforms to create a business friendly environment in the country to sustain the graduation process from the LDC status to a developing one. The emphasis came for more homework to sustain the growth at a time ...
Nora Fatehi, a self-taught belly dancing sensation has become a viral star because of her mesmerizing dance moves. With over 4.5 Million views on her videos on youtube, this star is taking the internet by storm. Her last video where she swayed to the moves of Swag Se Swagat from ...
AP, New York :UN Secretary-General Antonio Guterres voiced alarm yesterday over allegations of chemical attacks in Syria and urged the Security Council to take action to address "such serious crimes."The appeal came after Guterres met on Tuesday with the head of the Organisation for the Prohibition of Chemical Weapons (OPCW), ...
TWO years have elapsed after the murder of college student Tonu, and justice seems elusive for her family. Investigators claimed to have failed to identify any suspect, let alone arrest any. But many believe powerful quarters in the Comilla cantonment area are stalling the progress. The investigators have repeatedly come ...
Katrina Kaif has secured the top spot in a list of popular Bollywood actress outside India, according to a study. She is followed by Anushka Sharma, Alia Bhatt, Kareena Kapoor Khan and Kajol.The findings are a part of consumption trend study done by Spuul, a video-on-demand (VOD) streaming platforms for ...