| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » General News » Topic

Asian Development Bank signs $14 million agreement with PRAN

Zoom in font  Zoom out font Published: 2019-03-21  Origin: bdnews24.com
Core Tip: The Asian Development Bank has signed a $14.2 million loan to support the expansion plans of Sylvan Agriculture Limited (SAL).
The Asian Development Bank has signed a $14.2 million loan to support the expansion plans of Sylvan Agriculture Limited (SAL), a subsidiary of the PRAN-RFL Group, to enhance inclusiveness in the agribusiness sector by lifting the incomes and skills of farmers, particularly women. PRAN is one of the largest food and agribusiness companies in Bangladesh.

ADB’s assistance will finance new food processing facilities to produce potato chips, potato flakes, and pasta. Under a gender action plan, women will comprise at least half of the 450 people directly employed in the new facilities. Gender wage gaps will be reduced, women’s facilities introduced, and greater technological assistance provided to women farmers, according to a statement issued on Tuesday.

“Agriculture plays a key role in Bangladesh’s economy and development, providing nearly half of all employment in the country and supporting over 70 percent of the total population,” ADB Investment Specialist for Private Sector Operations Tushna Dora told.

“ADB’s second loan to SAL will further improve the agribusiness sector in Bangladesh through increased private sector investment. It will enhance the livelihoods of thousands of local farmers, with a focus on empowering women to gain new skills that can be used to earn better incomes.”

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Processed in 0.093 second(s), 16 queries, Memory 0.85 M
Powered by Global FoodMate
Message Center(0)