ACI CO-RO Bangladesh Ltd, a joint venture between ACI Ltd and Danish beverage firm CO-RO A/S, has inaugurated a new factory in Araihazar, Narayanganj to produce fruit drinks under the Sunquick brand. "Foreign investment in the agricultural product market is increasing day by day and that comes with product diversification," said Agriculture Minister Md Abdus Shahid at the opening. He praised CO-RO's confidence in Bangladesh's capabilities and potential.
"What ACI CO-RO is doing is truly commendable. They are procuring mango pulp from local sources and presenting quality products to consumers," Shahid added. ACI CO-RO Bangladesh, which was established in 2019 with an initial investment of $20 million, plans to launch three flavours of Sunquick's ready-to-drink products.
"This collaboration aims to combine local expertise with international excellence for the good of the Bangladeshi consumer," ACI CO-RO said in a statement. Shahid expressed his excitement about the potential growth in the agri-processing sector, comparing its potential to the country's successful garment sector.
He added that Bangladesh's processed food market is expected to grow to $5.8 billion by 2030, offering ample opportunities. "We are blessed with a wealth of raw materials for fruit drink production. Our continuous growth in the production of fruits such as mangoes, jackfruits, lychees, pineapples, bananas, and guavas ranked top in the global market."
Source: thedailystar.net