Bangladesh food processing group to set up units in India

A Bangladesh-based food processing and manufacturing group will set up agro and food processing plants in Tripura, Orissa and Tamil Nadu, an official of the company said here today.

''Programme for Rural Advancement Nationally (PRAN) group will be the first company from Bangladesh to invest in India and  has sought approval from Bangladesh Bank to invest in India,'' Ahsan Khan Chowdhury, deputy managing director of PRAN told reporters here.

PRAN will invest ten million dollars within three years in Tripura as it will take time to understand and get familiar with the market and the people, he said.

The Tripura government has allotted an acre to the group at Bodhjung Nagar industrial zone in west Tripura to set up the proposed unit for which a new company, PRAN Beverage India Private limited, was floated recently with Indian entrepreneurs, official sources said.