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Less food & more machine import means development |
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August 15, 2000
Dhaka (UNB)- Food grain import dropped drastically in the last fiscal, but import of industrial raw material and machinery rose, signifying a growth in development activities. A central bank statistics, analysing import letters of credit (LCs) opened in authorised dealer banks in 1999-2000 fiscal year, showed food imports down by 74.21 per cent in taka terms from the previous year’s volume. Import of intermediate goods, industrial raw materials, petroleum and petroleum goods, capital machinery and various industrial parts rose 29.71 per cent in terms of the local currency. Value of import LCs in the 1999-2000 fiscal year totaled US$ 8072.64 million equivalent to Tk 40629.58 crore, up by 9.34 per cent in dollar terms and 14.48 per cent in taka than previous fiscal year’s figure. Import LCs for rice valued Tk 693.08 crore in 1999-2000 fiscal year, wheat Tk 622.51 crore, sugar Tk 165.96 crore, pulses Tk 435.45 crore, milk products Tk 353.22 crore and edible oil Tk 1088.06 crore. LCs for import of textile and garment sector figured Tk 13660 crore last year. LCs for import of cotton and artificial fibre amounted to Tk 1559.65 crore, yarn Tk 823.94 crore, textile fabrics and garment accessories Tk 11278.73 crore. Letters of credit opened for import of chemicals for pharmaceutical, fertliser and others cost Tk 2904.80 crore. Import LCs for cement figured Tk 509.57 crore, clinker and limestone Tk 447.43 crore; corrugated tins, BP and GP sheets and tin plate Tk 1170.59 crore and machinery Tk 2575.56 crore. LCs for import of motor vehicles valued Tk 621 crore in 1999-2000 fiscal year. |