NRBs to grow paddy for Bangladesh in UgandaAdmin
Non-Resident Bangladeshis have invested funds for commercial cultivation of paddy in Uganda for
exporting rice to Bangladesh.
Farland Investment Limited, a private land and asset management company owned by NRBs and based in the United Kingdom, is investing for developing commercial agriculture and agricultural assets in Africa.
This was informed at a press conference at Hotel Ruposhi Bangla organised by FIL on Thursday evening.
‘We have already started seed testing on the fields there and we will start sowing paddy in March,’ Muhammed Sirajul Islam Jowardhar, managing director of FIL, said at the press conference.
He said that they would bring 400 hectares of land under paddy cultivation for the first time and the acreage for cultivation would be increased to 10,000 hectares in 2015.
FIL signed a lease agreement for 10,000 hectares of farm land under a joint venture under Public-Private Partnership with Kolir Sub County of Bukedea District in Uganda on October 21, 2011.
The company has already acquired the land under the lease term for 49 years, with an automatic right to renew for a further 49 years, he informed.
Jowardhar said that FIL negotiated to acquire 60,000 hectares of land for commercial agriculture, using modern method of farming, primarily to produce rice, which will be exported to Bangladesh.
He said that after ten years, they expect to bring 60,000 hectares of land for commercial farming and produce over 5,00,000 metric tonnes of paddy of which 4,00,000 would be exported to Bangladesh.
He said that a total of 1,500 skilled Bangladeshi workers would be employed in the project with settlement rights with family in Uganda. The expatriate Bangladeshi farmers would be allowed to benefit from small business opportunities in Uganda.
Answering to the questions from newsmen, FIL chairman Shahjahan Choudhury said the workers from Bangladesh would get $ 200 per month as well as free accommodation, medical support to their families and their children’s education there would be taken care of.
He said that they were testing four varieties of Nerica paddy to cultivate in the fields and they will try to take Bangladeshi varieties there.
Choudhury said his company expected Bangladesh government’s initiatives in encouraging agriculture in east Africa.
Mohammed NS Kabir of Stock And Security Linkway Ltd and Wintel Limited director ATM Mahbubul Alam also spoke at the press conference.