Bangladesh to examine pros and cons of FDI in poultry industry

05.09.2016

The government of Bangladesh is considering controls over foreign investors in the country’s fast growing poultry industry after local players said they are concerned about being overtaken by overseas giants. Narayan Chandra Chanda, Minister of Fisheries and Livestock said the ministry “couldn’t assess yet whether foreign investments in the poultry sector will be helpful or hurt farmers.

However, an expert committee will be formed soon to examine the issue. Local industry players noted that while only seven foreign poultry companies are operating in the country – five of them from India – they control around 35-40% of the market. Other major players include Charoen Pokphand from Thailand and New Hope from China.

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