ET Report
Bangladesh Bank (BB) Governor Dr Atiur Rahman said the central bank has taken steps to cut the 'cost of fund' for the country's emerging shipbuilding industry to make it competitive in the global market.
"Bangladesh Bank has already drafted a policy for the shipbuilding industry, which will help to slash the 'cost of fund' for the newly emerging enterprise," Dr Rahman said in a function in the city Wednesday evening.
He was speaking at a loan signing ceremony between Khan Brothers Shipbuilding Ltd and Rupali Bank Ltd. Rupali Bank would provide Tk 312.5 million loan to Khan Brothers for completing its shipyard and slipways construction at Gazaria in Munshiganj.
Khan Brothers, a leading woven and polybag manufacturer, has been constructing its slipways and dockyard investing Tk 700 million on 250 bighas of land on the bank of the Meghna to build ocean-going vessels from this year-end. From the beginning, the company will be able to build four 8,000-tonne ocean going ships each year.