Bangladesh and the Netherlands have formally launched a four-year cooperation between local companies called FoodTechBangladesh.

A consortium of investors, including feed group Nutreco, have invested €6 million ($6 million) in the partnerships. The aim of the cooperation is to develop sustainable growth of the Bangladeshi aquaculture sector.

Other investors are Aftab Bahumukhi Farms, Gemini Sea Food, Viqon and LightCastle Partners, with the lead investor being business development advisory firm Larive International.

Over 1,600 local breeders and farmers will receive relevant training and the partnership also aims to reduce post-harvest losses by connecting producers directly to end markets.

The parties will introduce and demonstrate different types of improved and more sustainable techniques for farming, and will conduct trials with feed additives and antibiotic replacers.

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