Photo Caption: Till date 3,536 Metric Tonnes (MT) of break-bulk raw cotton consignments have been received at SAPL Muktarpur Terminal from India while 18 other cotton carrying vessels are in the pipeline.
(Dhaka, Bangladesh) 3rd March 2022, Thursday: Summit Alliance Port Limited (SAPL) with its pioneering, timely and cost-effective service of facilitating Bangladesh’s spinning mills and ultimately the RMG sectors by providing a much-needed alternative logistics solution for their vital industrial raw material i.e. break-bulk raw cotton from India.
“This new service by SAPL Muktarpur Terminal comes at a time when the Bangladeshi raw cotton importers who are finding it challenging to import from traditional sources such as Central Asia, Brazil, USA and West Africa due to the disruption in global supply-chain, unavailability of containers and historically high freight-rates. As a result, the market demand of raw cotton from India has increased tremendously in the last few years. We are supporting the industries by providing alternate and environmentally sustainable sourcing while avoiding regular congestion at the land ports” remarked Jowher Rizvi,Managing Director of Summit Alliance Port.
In 2021, Bangladesh imported 8.5 Million cotton bales weighing approximately 1.85 Million MT and this figure is projected to cross 9 Million bales in the current year due to the strong rise in demand for yarn and fabrics from the local RMG exporters. The inland river route from Kolkata to Muktarpur provides an unparalleled safe passage for the raw cotton cargo throughout the year that is a guaranteed and time-bound option which is not possible on the traditional sea route for container shipments or via land ports.
About SAPL:
SAPL is a public-listed company and the country’s largest Inland Container Depot (ICD) and Container Freight Station operator with over 30 years of industry experience. It is the market leader in Bangladesh handling over 20% of country’s entire exports from its strategically located facilities at Chattogram and Muktarpur. SAPL is also the pioneer in the Inland Water Terminal (IWT) sector with facilities at Muktarpur and Kolkata. An international-standard port facility, SAPL Muktarpur Terminal provides fast and efficient handling of cotton bales using specialized cranes along with multiple warehouses for cargo storage. SAPL began grain, rice and maize cargo handling from India from 2021 and received excellent response from the traders. The company is now seeing very positive feedback from the raw cotton importers via the river route.
For more information, please visit: www.saplbd.com
For media enquiries please contact: Mohsena Hassan, E-mail: mohsena.hassan@summit-centre.com, Mobile: 01713-081905| Head of PR & Media | Summit Corporation Limited