US-based Venture37, City Bank Capital to help develop local cold chain infrastructure
30 March 2023
Business Report :
US-based agriculture development organisation Venture37 has teamed up with leading financial service provider City Bank Capital as part of efforts to develop cold chain infrastructure in Bangladesh.
The partnership will focus on increasing investment opportunities in the areas of cold chain networks, warehousing systems, energy-efficient investment for cold storage and temperature-controlled logistic services.
With a yearly growth rate of 15 per cent from 2014 to 2018, the market size of Bangladesh's agro-processing industry has reached approximately to $4.81 billion, combining both domestic and export volume, according to the City Bank Capital data.
Since 1981, Venture37 has been delivering market insights and technical expertise to agricultural development projects around the world.
It has an affiliation with Land O'Lakes, Inc., one of the United States' largest farmer-owned agribusinesses.
