Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Commerce Adviser Sk Bashir Uddin on Wednesday pledged major reforms at the Trading Corporation of Bangladesh (TCB), saying the interim government is implementing initiatives to maximise essential commodities' distribution through the state-run organisation.
He admitted that mismanagement during the previous dictatorial regime had set back progress.
Bashir made the observations at a stakeholder discussion titled "Trade with TCB," which was organised by the corporation at the Army Golf Club in the capital.
The discussion aimed at engaging with traders as well as letting people know about the supply chain of TCB's essential commodities.
"We are determined to properly utilise the Tk 120-140 billion fund allocated for TCB annually so that the maximum amount of products can be purchased and distributed," said the adviser.
"Our focus is now on efficient procurement, with significant improvements expected by June," he said.
Bashir also said the TCB distribution system is no longer a matter of only the commerce ministry and now involves coordinated efforts across multiple government bodies, including the tariff commission, the revenue board, as well as the finance, food, and agriculture ministries.
"This comprehensive approach marks a positive shift from previous weaknesses," he noted.
He further said TCB has made progress in dismantling traders' syndicates that previously controlled supply. "We are now sourcing from multiple businesses rather than just a select few."
The adviser also emphasised the importance of "halal" income practices.
Secretary (routine charge) of the commerce ministry Dr Nazneen Kawshar Chowdhury said, "Our priority is to serve 10 million marginalised families. TCB is not a business; it is an enabler of food security."
"For our business community, trade with TCB represents more than contracts. It offers partnership opportunities that are secure, scalable, and impactful," she said.
She also said as the country stands at the crossroads of commerce and innovation, the commerce ministry is actively supporting the transformation of TCB.
"Digital procurement systems, real-time supply chain tracking, expansion of warehousing and logistics, and inclusive distribution networks are all part of the roadmap," added Dr Nazneen.
TCB Chairman Brig Gen Mohammad Foyshol Azad said, "Business discussions could give us a comprehensive idea of the capabilities and mission of TCB and at the same time, it would open a new path for establishing business relationships with local and international traders."
He said TCB plays a critical role in stabilising market prices, reducing the cost of living, and contributing to national economic growth, with a focus on food security, poverty alleviation, and price stabilisation.
Starting in January 2025, a new smart card system has been implemented to facilitate the distribution of subsidised goods among beneficiaries, he said.
The TCB chairman also focused on operational improvements, including the reduction in payment processing time from 42 days to just 28 days, along with enhanced digital systems and e-GP tendering process designed to prevent misuse.
However, Foyshol acknowledged several challenges facing TCB, including the identification and suspension of duplicate cards, delays in customs clearance for perishable imports, and the ongoing manpower shortages in contract processing.
Despite these challenges, TCB achieved a significant milestone by supplying goods to all 64 districts during Ramadan for the first time, he said. "We remain committed to our goal of building a hunger-free Bangladesh."
The commerce ministry is currently refining the beneficiary list to ensure products reach those who need it the most, Foyshol noted.
Addressing concerns about the suspended cards, he said, "We are not removing any legitimate beneficiaries. We are only eliminating duplicate cards."
This action affects 4.0 million of the total 10 million TCB cards in circulation, added the chairman.
SM Shaheen Parvez, TCB director (commercial), presented the keynote, saying the organisation purchased and distributed a total of 0.25 million tonnes of products in 2018, which increased to 0.60 million tonnes so far in 2025.
Talking about the recent developments, he said TCB operated 70 trucks in February, which rose to 410 by March. "TCB's nationwide rollout brought subsidised essentials to the doorsteps of millions, reviving a programme long marred by inefficiency."
According to the keynote, each truck carried enough goods for 400 individuals per day, compared to the usual 200 in previous years.
"Over just 23 days, from March 5 to 27, TCB served approximately 4.1 million people," said Parvez.
TCB Director (admin and finance) Md Abed Ali emphasised the ongoing efforts to streamline operations while maintaining transparency in all activities.
tonmoy.wardad@gmail.com