Frozen Foods Industry is the second largest export sector of the economy. The massive natural resources available in Bangladesh make this sector particularly promising for investors looking to supply in international as well as in domestic markets.
The Public sector corporation and the private organizations have setup about 148 numbers of shore based export oriented fish processing plants at Dhaka, Chittagong, Khulna, Jessore, Satkhira, Bagerhat, Cox’s Bazar, Chandpur, Kishoregonj, Syihet and Patuakhali. These plants produces Fresh Water shell On (FWSO), Ser Water shell On (SWSO), Peeled and Deveined (P&D), Peeled and Undevined (PUD), shrimp products under the most hygienic and sanitary condition under the supervision, control and guidance of foreign trained handling & processing experts. At all levels, USFDA registrations and directives of the European Communities concerning the production and exportation of frozen foods are strictly followed.
Sector Highlights
Thriving in this sector are shrimp farming and fish production.
1.The government is promoting semi-intensive shrimp farming.
2.Shrimp processing and export industry is largely dominated by the small business sector.
3.Government has developed initiatives of quality assurance for frozen foods in co-operation with exporters.
4.15% cash incentive offered to shrimp export amount.
Exportable Products
The private organization and the public sector corporation offer the following products for export:
1.Frozen shrimp & prawn
2.Frozen fish
3.Fresh & chilled fish
4.Frozen fillets & steaks of fish, sharks shells skates & rays
5.Shark fins & fish maws
6.Salted & dehydrated fish
7.Dry fish
8.Live crabs & tortoises
9.Fish meals & crushed
10.Value added shrimp & fish products
Industry Outlook
This export oriented industry includes the following sub-sectors which are themselves promising investment opportunities:
1.Hatcheries
2.Sustainable aquaculture technology
3.Feed meals plants
4.Processing unit for value-added products.
Industry Incentives
The government encourages development of the Frozen Foods Industry sector through measures to increase productivity and production. To achieve this it provides increased credit, and facilitates greater access to inputs and modern technology.
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