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Ministry asks authorities to help keep Marico’s supply chain uninterrupted

Staff Correspondent | Published: 21:36, Apr 19,2020

 
 

The commerce ministry has asked different government authorities including the Bangladesh Bank to support Marico Bangladesh to keep its supply chain of products and goods uninterrupted amid the coronavirus-induced shutdown.

To this end, the commerce ministry sent a letter to BB, National Board of Revenue, home ministry’s Public Security Division, Armed Forces Division, shipping ministry, Chittagong Port Authority, Bangladesh Land Port Authority, divisional commissioners, deputy commissioners and police superintendents.

In the letter issued on April 16, the commerce ministry mentioned Marico Bangladesh, a subsidiary of India-based Marico Limited, as one of the notable manufacturers, importers and distributors of edible oil, hand sanitiser, child goods and different cosmetics goods.

To maintain the price stability, maintaining the supply chain including production and transport of these products uninterrupted has become vital, the ministry said.

Therefore, the ministry asked all the authorities concerned to take necessary measures.

Following the letter, the central bank on Sunday instructed all scheduled banks to follow section 26 of the Guidelines for Foreign Exchange Transaction-2018 while dealing with payments against the documents received directly through the importer.

Besides, the banks were also asked to extend their cooperation to the importer with banking services in line with the commerce ministry’s letter.

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