Fargo and Dutch-based Saf Invest to jointly invest in local food processing industry

Bangladesh-based Fargo Private Limited and Netherlands-based Saf Invest BV have signed a joint venture agreement to invest in the country's food processing industry.

The agreement was signed today (14 May) by Hamidul H Khan, chairman and managing director of Fargo Private, and El Yan Saf, owner of Saf Invest.

Hamidul H Khan said the joint venture will conduct its operations in Bangladesh under the Fargo brand, with El Yan Saf joining the company's board as a representative of Saf Invest.

The widespread adulteration of food products in Bangladesh is not unknown to anyone. In this context, Fargo Private Limited started a joint venture between Netherlands and Bangladesh to produce and market healthy food products, he added.

According to the press conference, the Netherlands is the world's best in agricultural food production and processing technology after the United States.

This is why our joint-venture will accelerate the process of ensuring quality healthy food products for consumers in Bangladesh by improving food production and processing technology, ensuring traceability and compliance, said El Yan Saf.

This joint-venture will also enrich our food and agricultural export operations in Europe and the Middle East, Hamidul added.

Fargo started its business in 2020, where it has several outlets in Dhaka. Its chairman aims to open outlets across the country with their food items.

Hamidul said, "We can run our business globally with joint collaboration by using Dutch technologies."