Bangladesh stands as one of the world's fastest-growing nations, showcasing evident progress across various parameters. However, in the realm of petroleum products, our nation lags considerably behind. Currently, the country relies heavily on imports for a range of petrochemical products, highlighting a critical gap in domestic production....
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Bangladesh stands as one of the world's fastest-growing nations, showcasing evident progress across various parameters. However, in the realm of petroleum products, our nation lags considerably behind. Currently, the country relies heavily on imports for a range of petrochemical products, highlighting a critical gap in domestic production.
To address this gap and propel Bangladesh towards self-sufficiency in the petrochemical sector, MGI has embarked on a groundbreaking initiative. Through the establishment of a PVC plant and a PET plant, slated to commence commercial operations in 2021 under the banner of Meghna PVC Ltd., MGI aims to revolutionize the local petrochemical landscape.
Upon the commencement of production, Meghna PVC Ltd. is poised to capture a significant share of the country's PVC and PET market, effectively catering to approximately 60% of the nation's demand. This bold endeavor not only represents a monumental leap towards reducing dependency on imports but also underscores Bangladesh's commitment to fostering indigenous industrial growth and development.
Bangladesh stands as one of the world's fastest-growing nations, showcasing evident progress across various parameters. However, in the realm of petroleum products, our nation lags considerably behind. Currently, the country relies heavily on imports for a range of petrochemical products, highlighting a critical gap in domestic production....
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