Prime Minister's Private Industry and Investment Adviser Salman F Rahman said on Wednesday the government would consider taking necessary initiatives to reduce advance income tax (AIT), value added tax (VAT), tax deducted at source (TDS) and convenient duty for cold chain equipment.
"Logistics is the high-priority sector in the Industrial Policy. Cold Chain is being given much emphasis in the upcoming National Logistics Policy. I am confident that these will deliver the necessary incentives to invest in cold chain, for further penetrating into the regulated markets for agro and fish products like the USA, EU and Japan," he said.
Salman said this while speaking as the chief guest at the opening session of a day-long conference titled 'Cold Chain Investment Conference 2024' at BIDA Multipurpose Hall in Biniyog Bhaban, Agargaon in the city, reports BSS.
The Bangladesh Investment Development Authority (BIDA) and the U.S. Department of Agriculture Bangladesh Trade Facilitation project (BTF) organized the conference.
BIDA Executive Chairman Lokman Hossain Miah, Secretary of the Ministry of Fisheries and Livestock Md Selim Uddin and President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam, among others, spoke on the occasion.
In his speech, Salman said as cold chain equipment was mostly imported, there was a good opportunity for foreign and local businesses to explore joint venture scope to domestically manufacture these products.
"We also look forward to making way for 100 percent foreign owned projects in this sector. I believe Bangladesh has the right skills for this sector," he added.
Govt to consider cutting duties for cold chain equipment: Salman
FE Team | Published: February 29, 2024 00:44:55
Govt to consider cutting duties for cold chain equipment: Salman
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