The government has planned to establish three new fertilizer factories in Bhola, Chattogram, and Palash of Narsingdi to increase domestic fertilizer production. Among these, a factory with an annual production capacity of 24,000 metric tons of urea formaldehyde-85 (UF-85) will be established in Palash, Narsingdi.
According to relevant officials of the Ministry of Industries, the implementation of this plan by the Bangladesh Chemical Industries Corporation (BCIC) will increase domestic production capacity and reduce import dependency. Besides strengthening supply in the agricultural sector, it will create new employment opportunities. The agency has set a target to increase fertilizer production to 2.7 million metric tons within the next three to five years.
BCIC has stated that according to the government's new plan, factories with a production capacity of 1,700 metric tons of urea daily in Bhola and 400,000 metric tons of TSP annually in Chattogram will be established. The government has taken this decision to establish new factories to reduce current demand and dependence on imports.
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