Bangladesh approves 20% power bill rebate for animal, poultry feed industry

The government will provide Tk 1 billion in subsidies for four sectors

The interim government is going to offer a 20 percent rebate on electricity bills to reduce production costs in four sectors, including animal and poultry feed manufacturing.

The decision was announced in a media statement issued by the Ministry of Fisheries and Livestock on Monday.

The statement said the government is currently providing a 20 percent electricity rebate to 16 sectors under the power rebate policy to boost agricultural production, encourage agricultural exports and support agro-based industries.

As part of this initiative, the government has taken a policy decision to provide Tk 1 billion in subsidies for four sectors under the Ministry of Fisheries and Livestock.

The sectors covered by the subsidy are animal and poultry feed manufacturing, fish feed production, the poultry industry and the dairy processing industry.

The government said the initiative is expected to significantly reduce production costs, increase investment in the industrial sector and help the country become more self-reliant in producing safe and quality animal protein.