Having all potentials to grab a huge local and export market of liquor Carew and Co (Bangladesh) Ltd, one of the oldest company in this region has been suffering from delay by Indian supplier and bureaucratic red-tapism.
A plan to reduce production cost by investing around Tk 100 crore has been struggling for completion over last 10 long years, sources said. The original plan was initiated in 2012 by the government to continue running the 83 years old factory swiftly but suffered a blow for Indian supplier and corona virus pandemic.
Bangladesh Machine Tools Factory (BMTF) hired by Bangladesh Sugar and Food Industries Corporation (BSFIC) was signed an agreement with a reputed Indian company, Uttam Energy Limited, to import necessary machines to modernize Carew and Company Limited located Darshana, Chuadanga .
The Indian delegation was due to visit the project site in 2020 but the spread of the coronavirus delayed their visit. Later, a three-member delegation of Uttam Energy Limited visited the project site on January 6, 2021.
After missing several deadlines in the past, the balancing, modernization and replacement (BMR) of Carew and Company (Bangladesh) Limited, is expected to complete next year.
Carew and Co (Bangladesh) Ltd is the only licensed distillery in Bangladesh owned by the government. It is located inside the Darsana Sugar Mills compound and is under the authority of Bangladesh Sugar and Food Industries Corporation.
In FY21, Carew and Company earned Tk170.83 crore by selling hand-sanitiser, distillery products and bio-fertilizer and gave Tk73.88 crore to the government exchequer.
However, the mill incurred a Tk76 crore loss by selling sugar and other products while it earned a net profit of Tk20.90 crore during FY 2021.
Carew and Co (Bangladesh) Ltd traces its origin to the distillery established by the British businessman John Maxwell in 1803. He later hired Spirits Specialist Robert Russell Carew. Carew was impressed by the result and bought out the factory with two other investors. He opened branches in Asansol, Katni, and Darsana (East Bengal, which became East Pakistan in 1947).