DFCD fund supports sustainable shrimp farming in the Ganges Delta
The Dutch Fund for Climate Development (DFCD) Origination Facility’s Investment Committee approved a €107,000 fund together with an SNV technical assistance package to further develop ACI Agrolink’s business investment proposition for a Climate Resilient Sustainable Shrimp Value Chain in Bangladesh.
This funding which was approved on September 10, 2020 will support the development of the black tiger shrimp industry in the Ganges Delta in Bangladesh. This will lead to climate change resiliency in this landscape by introducing new farming methods, the development of contract farming models, engaging in capacity building, and the establishment of robust backward linkages.
ACI Agrolink is seeking to bring 18,750 hectares of farmland under sustainable management, increase smallholder farmer income by 15%, create 10,000 jobs and indirectly benefit 30,000 people in the Delta. This is a COVID response project that addresses the local production capabilities of smallholder farmers, while at the same time creating high value export foodstuffs.
About the DFCD
The DFCD is a 160 million euro climate and development fund sponsored by the Dutch government to implement climate change adaptation projects in emerging Asia and Africa countries.
The Dutch Entrepreneurial Development Bank (FMO) leads the fund together with Climate Fund Manager (CFM), World Wide Fund for Nature Netherlands (WWF-NL) and SNV.
For more information, please visit the DFCD website.
About ACI Agrolink
ACI Agrolink Limited is a subsidiary of ACI Limited (1973), one of the leading conglomerates in Bangladesh having a strong presence in Agribusiness (Agriculture, Aquaculture, & Livestock), Pharmaceuticals, FMCG and retail sector. ACI Agrolink Limited aims to establish forward and backward linkage for farmers and agro value addition industries. ACI Agrolink Limited is positioning the business through penetrating an integrated safe food category and tapping into global trade operations that promote an efficient distribution channel for safe and healthy food for the consumers of Bangladesh. For more information please visit this website.
To read the full disclosure, please click here.
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