Husking rice millers call for Tk 30,000cr fund

Husking rice mill owners yesterday urged the government to form a Tk 30,000 crore fund to enable sick mills to make a turnaround and help them compete in the grain market.

In a proposal placed at the National Board of Revenue for the fiscal year of 2023-24, the Bangladesh Auto Major and Husking Mills Owners Association (BAMHMOA) said the existence of small rice mills is almost threatened against the backdrop of modern technologies and higher milling capacity.

The association called for tax exemption for the rice mills with a paid-up capital below Tk 10 crore, according to the proposal placed by Shahidur Rahman Patwari Mohan, vice-president of the BAMHMOA.