Deshbandhu Sugar Mills Ltd has urged the government to grant permission to import raw sugar ahead of the Ramadan month, said an official of the commerce ministry, reports Businessinsiderbd.
The factory, set up in 1932 has been privatised in 1999, has urged the commerce ministry to help it open Letter of Credits (LCs) to import sugar.
The LC application of the sugar mill to import raw sugar has been rejected by the three commercial banks namely Social Islamic Bank Ltd, First Security Islami Bank and state-run commercial bank Agrani Bank.
A letter to the senior commerce secretary Tapan Kanti Ghosh was sent by Brig Gen (Retd) Sarwar Jahan Takukder, adviser of the Deshbandhu Group on Wednesday urging him to take necessary steps to ask these banks to open LC documents for the sugar mill.
The mill is daily refining 1,000 tonnes of sugar at its Narsingdi facility and the expansion of the plant will take the capacity to 1,500 tonnes by the next 12-15 months.
